First Trust Advisors LP raised its holdings in Hortonworks Inc (NASDAQ:HDP) by 11.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 172,682 shares of the software maker’s stock after acquiring an additional 17,232 shares during the quarter. First Trust Advisors LP owned 0.22% of Hortonworks worth $3,146,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. New Jersey Better Educational Savings Trust lifted its holdings in Hortonworks by 21.4% in the second quarter. New Jersey Better Educational Savings Trust now owns 17,000 shares of the software maker’s stock valued at $310,000 after acquiring an additional 3,000 shares during the period. UBS Group AG increased its position in shares of Hortonworks by 15.1% in the first quarter. UBS Group AG now owns 26,566 shares of the software maker’s stock valued at $541,000 after buying an additional 3,478 shares in the last quarter. Boston Advisors LLC increased its position in shares of Hortonworks by 7.9% in the second quarter. Boston Advisors LLC now owns 65,789 shares of the software maker’s stock valued at $1,199,000 after buying an additional 4,790 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Hortonworks by 29.7% in the first quarter. Cubist Systematic Strategies LLC now owns 21,949 shares of the software maker’s stock valued at $447,000 after buying an additional 5,023 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Hortonworks by 7.8% in the first quarter. Swiss National Bank now owns 86,200 shares of the software maker’s stock valued at $1,756,000 after buying an additional 6,200 shares in the last quarter. 81.33% of the stock is owned by institutional investors.
Hortonworks stock opened at $20.38 on Thursday. The stock has a market cap of $1.82 billion, a P/E ratio of -6.66 and a beta of 1.49. Hortonworks Inc has a 52 week low of $15.50 and a 52 week high of $23.00.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.11. The company had revenue of $86.34 million for the quarter, compared to analysts’ expectations of $80.34 million. analysts expect that Hortonworks Inc will post -1.98 earnings per share for the current year.
In other Hortonworks news, insider Scott Reasoner sold 8,446 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $22.25, for a total value of $187,923.50. Following the sale, the insider now directly owns 199,611 shares of the company’s stock, valued at approximately $4,441,344.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Bearden sold 258,098 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $21.77, for a total value of $5,618,793.46. Following the completion of the sale, the chief executive officer now directly owns 1,265,633 shares in the company, valued at $27,552,830.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 633,705 shares of company stock valued at $13,452,007. 15.60% of the stock is currently owned by company insiders.
A number of brokerages have recently weighed in on HDP. Citigroup began coverage on Hortonworks in a research report on Thursday, June 28th. They issued a “buy” rating and a $27.00 price target for the company. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a research report on Thursday, May 17th. ValuEngine cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. Finally, Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, May 11th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.64.
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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