Castle Rock Wealth Management LLC Decreases Holdings in Hortonworks Inc (HDP)

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Castle Rock Wealth Management LLC cut its stake in shares of Hortonworks Inc (NASDAQ:HDP) by 15.3% in the second quarter, Holdings Channel reports. The institutional investor owned 14,497 shares of the software maker’s stock after selling 2,616 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Hortonworks were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Hortonworks by 351.4% in the 2nd quarter. FMR LLC now owns 3,873,643 shares of the software maker’s stock worth $70,578,000 after purchasing an additional 3,015,476 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Hortonworks by 100.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,000,000 shares of the software maker’s stock worth $72,880,000 after purchasing an additional 2,000,000 shares in the last quarter. BlackRock Inc. increased its stake in shares of Hortonworks by 47.6% in the 2nd quarter. BlackRock Inc. now owns 5,115,475 shares of the software maker’s stock worth $93,204,000 after purchasing an additional 1,650,677 shares in the last quarter. Tremblant Capital Group purchased a new stake in shares of Hortonworks in the 1st quarter worth $30,266,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Hortonworks by 20.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,645,910 shares of the software maker’s stock worth $33,527,000 after purchasing an additional 283,149 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

In other Hortonworks news, insider Scott E. Gnau sold 6,875 shares of the stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $19.11, for a total transaction of $131,381.25. Following the completion of the transaction, the insider now owns 361,186 shares of the company’s stock, valued at approximately $6,902,264.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Reasoner sold 5,224 shares of the stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $18.09, for a total transaction of $94,502.16. Following the transaction, the insider now directly owns 227,957 shares of the company’s stock, valued at approximately $4,123,742.13. The disclosure for this sale can be found here. Insiders have sold a total of 633,705 shares of company stock valued at $13,452,007 in the last three months. Insiders own 15.60% of the company’s stock.

HDP has been the subject of several analyst reports. Zacks Investment Research lowered Hortonworks from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. ValuEngine upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Nomura initiated coverage on Hortonworks in a research note on Thursday, June 14th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a research note on Thursday, May 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Hortonworks presently has a consensus rating of “Buy” and a consensus price target of $24.64.

HDP opened at $20.38 on Thursday. Hortonworks Inc has a 52 week low of $15.50 and a 52 week high of $23.00.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.11. The company had revenue of $86.34 million for the quarter, compared to the consensus estimate of $80.34 million. equities analysts forecast that Hortonworks Inc will post -1.98 earnings per share for the current fiscal year.

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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