Hortonworks, Inc. (HDP) Position Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. raised its stake in shares of Hortonworks, Inc. (NASDAQ:HDP) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,032 shares of the software maker’s stock after buying an additional 29,747 shares during the period. Schwab Charles Investment Management Inc. owned 0.50% of Hortonworks worth $2,012,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Teachers Advisors LLC increased its position in Hortonworks by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 66,979 shares of the software maker’s stock valued at $557,000 after buying an additional 2,862 shares during the period. Nikko Asset Management Americas Inc. increased its position in Hortonworks by 48.7% in the first quarter. Nikko Asset Management Americas Inc. now owns 68,400 shares of the software maker’s stock valued at $671,000 after buying an additional 22,400 shares during the period. Russell Investments Group Ltd. increased its position in Hortonworks by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 577,824 shares of the software maker’s stock valued at $5,668,000 after buying an additional 100,953 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new position in Hortonworks during the first quarter valued at $294,000. Finally, Wells Fargo & Company MN increased its position in Hortonworks by 73.9% in the first quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after buying an additional 20,577 shares during the period. Hedge funds and other institutional investors own 48.69% of the company’s stock.
Hortonworks, Inc. (NASDAQ:HDP) traded up 0.19% during midday trading on Friday, hitting $15.97. 287,076 shares of the company traded hands. Hortonworks, Inc. has a 12-month low of $6.42 and a 12-month high of $16.26. The company’s market cap is $660.63 million. The stock has a 50 day moving average price of $13.98 and a 200-day moving average price of $11.95.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.87). The firm had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The business’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.72) EPS. Analysts expect that Hortonworks, Inc. will post ($1.72) EPS for the current year.
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Several equities analysts have weighed in on HDP shares. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Hortonworks in a report on Thursday, May 4th. Drexel Hamilton restated a “buy” rating and set a $21.00 target price on shares of Hortonworks in a report on Friday, May 5th. Sanford C. Bernstein assumed coverage on shares of Hortonworks in a report on Wednesday, May 24th. They set an “outperform” rating and a $21.00 target price for the company. Mizuho downgraded shares of Hortonworks from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $13.00 to $14.00 in a report on Thursday, May 25th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Hortonworks in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.77.
In related news, insider Scott Reasoner sold 2,302 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $13.01, for a total transaction of $29,949.02. Following the transaction, the insider now directly owns 177,757 shares of the company’s stock, valued at approximately $2,312,618.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott E. Gnau sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $14.90, for a total value of $214,560.00. Following the transaction, the insider now directly owns 329,266 shares in the company, valued at $4,906,063.40. The disclosure for this sale can be found here. Insiders have sold a total of 482,075 shares of company stock worth $6,250,069 in the last ninety days. Insiders own 26.00% of the company’s stock.
Hortonworks Company Profile
Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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