Edge Wealth Management LLC decreased its holdings in Hortonworks Inc (NASDAQ:HDP) by 16.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,034 shares of the software maker’s stock after selling 7,495 shares during the quarter. Edge Wealth Management LLC’s holdings in Hortonworks were worth $548,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Global X Management Co LLC purchased a new position in Hortonworks during the 2nd quarter worth approximately $156,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hortonworks during the 2nd quarter valued at $202,000. Ashfield Capital Partners LLC purchased a new position in shares of Hortonworks during the 3rd quarter valued at $205,000. Signaturefd LLC purchased a new position in shares of Hortonworks during the 2nd quarter valued at $209,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Hortonworks during the 2nd quarter valued at $220,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Hortonworks stock remained flat at $$14.68 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of -4.80 and a beta of 1.56. Hortonworks Inc has a 1-year low of $13.15 and a 1-year high of $26.22.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.37) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.11. The firm had revenue of $87.20 million for the quarter, compared to the consensus estimate of $87.07 million. Hortonworks’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) earnings per share. Equities analysts forecast that Hortonworks Inc will post -1.81 earnings per share for the current fiscal year.

In other news, insider Scott E. Gnau sold 3,960 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $15.30, for a total transaction of $60,588.00. Following the completion of the sale, the insider now owns 1,008,742 shares of the company’s stock, valued at $15,433,752.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Reasoner sold 8,387 shares of the stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $14.80, for a total transaction of $124,127.60. Following the sale, the insider now directly owns 153,325 shares of the company’s stock, valued at approximately $2,269,210. The disclosure for this sale can be found here. Insiders have sold 215,529 shares of company stock worth $3,773,117 over the last quarter. 15.60% of the stock is owned by company insiders.

Several equities analysts have recently commented on HDP shares. BidaskClub cut shares of Hortonworks from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Wells Fargo & Co lifted their price objective on shares of Hortonworks to $32.50 and gave the company an “outperform” rating in a research note on Friday, September 14th. Nomura set a $26.00 price objective on shares of Hortonworks and gave the company a “buy” rating in a research note on Thursday, December 6th. DA Davidson lifted their price objective on shares of Hortonworks from $24.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, ValuEngine lowered shares of Hortonworks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Hortonworks presently has a consensus rating of “Buy” and a consensus price target of $26.54.

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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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