Park West Asset Management LLC trimmed its holdings in shares of Hortonworks Inc (NASDAQ:HDP) by 41.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,239,000 shares of the software maker’s stock after selling 861,000 shares during the period. Park West Asset Management LLC owned about 1.57% of Hortonworks worth $25,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HDP. UBS Group AG raised its stake in Hortonworks by 15.1% in the first quarter. UBS Group AG now owns 26,566 shares of the software maker’s stock worth $541,000 after buying an additional 3,478 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Hortonworks by 0.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 907,900 shares of the software maker’s stock worth $18,258,000 after purchasing an additional 3,850 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Hortonworks by 29.7% in the first quarter. Cubist Systematic Strategies LLC now owns 21,949 shares of the software maker’s stock worth $447,000 after purchasing an additional 5,023 shares during the period. Swiss National Bank grew its holdings in Hortonworks by 7.8% in the first quarter. Swiss National Bank now owns 86,200 shares of the software maker’s stock worth $1,756,000 after purchasing an additional 6,200 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Hortonworks by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 291,283 shares of the software maker’s stock worth $5,858,000 after purchasing an additional 7,328 shares during the period. Institutional investors and hedge funds own 66.79% of the company’s stock.

In related news, CEO Robert G. Bearden sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $20.12, for a total value of $2,515,000.00. Following the sale, the chief executive officer now owns 1,830,727 shares in the company, valued at $36,834,227.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Bearden sold 113,947 shares of the firm’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $17.92, for a total transaction of $2,041,930.24. Following the completion of the sale, the chief executive officer now owns 1,773,730 shares in the company, valued at approximately $31,785,241.60. The disclosure for this sale can be found here. Insiders sold 729,026 shares of company stock worth $13,122,500 in the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

NASDAQ:HDP opened at $18.01 on Thursday. Hortonworks Inc has a 52 week low of $12.09 and a 52 week high of $22.00. The company has a market cap of $1.37 billion, a PE ratio of -5.89 and a beta of 1.43.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.07. The firm had revenue of $79.06 million for the quarter, compared to analysts’ expectations of $75.26 million. During the same quarter in the previous year, the company earned ($0.50) EPS. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. sell-side analysts forecast that Hortonworks Inc will post -2.14 EPS for the current year.

HDP has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, May 11th. ValuEngine upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. DA Davidson began coverage on shares of Hortonworks in a report on Friday, March 9th. They issued a “buy” rating and a $24.00 price objective on the stock. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Hortonworks in a report on Wednesday, May 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Hortonworks has a consensus rating of “Buy” and a consensus target price of $22.33.

Hortonworks Company Profile

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

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Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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