Fairfield Bush & CO. bought a new position in Hortonworks Inc (NASDAQ:HDP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,000 shares of the software maker’s stock, valued at approximately $362,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new position in shares of Hortonworks in the 4th quarter worth approximately $478,000. Gotham Asset Management LLC grew its position in shares of Hortonworks by 66.3% in the 4th quarter. Gotham Asset Management LLC now owns 29,656 shares of the software maker’s stock worth $596,000 after acquiring an additional 11,821 shares in the last quarter. Lyon Street Capital LLC grew its position in shares of Hortonworks by 3.9% in the 4th quarter. Lyon Street Capital LLC now owns 285,389 shares of the software maker’s stock worth $5,739,000 after acquiring an additional 10,605 shares in the last quarter. Park West Asset Management LLC grew its position in shares of Hortonworks by 47.4% in the 4th quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock worth $42,231,000 after acquiring an additional 675,000 shares in the last quarter. Finally, Element Capital Management LLC acquired a new position in shares of Hortonworks in the 4th quarter worth approximately $1,995,000. Institutional investors own 66.18% of the company’s stock.
Hortonworks Inc (NASDAQ:HDP) opened at $20.15 on Friday. Hortonworks Inc has a 12-month low of $9.10 and a 12-month high of $22.00.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.24). The company had revenue of $75.01 million for the quarter, compared to analyst estimates of $70.44 million. During the same quarter in the prior year, the firm earned ($0.50) EPS. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. research analysts forecast that Hortonworks Inc will post -2.43 EPS for the current year.
Several brokerages have recently commented on HDP. DA Davidson began coverage on Hortonworks in a research report on Friday, March 9th. They issued a “buy” rating and a $24.00 target price for the company. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Credit Suisse Group reiterated a “neutral” rating and issued a $24.00 target price (up previously from $23.00) on shares of Hortonworks in a research report on Friday, March 9th. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Hortonworks has a consensus rating of “Buy” and an average price target of $22.36.
In other Hortonworks news, insider Scott Reasoner sold 5,224 shares of Hortonworks stock in a transaction on Friday, December 29th. The stock was sold at an average price of $20.29, for a total transaction of $105,994.96. Following the sale, the insider now owns 228,725 shares of the company’s stock, valued at approximately $4,640,830.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Bearden sold 125,000 shares of Hortonworks stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $20.42, for a total value of $2,552,500.00. Following the sale, the chief executive officer now directly owns 1,830,727 shares in the company, valued at approximately $37,383,445.34. The disclosure for this sale can be found here. Insiders have sold a total of 1,376,572 shares of company stock valued at $25,762,215 in the last 90 days. Insiders own 22.50% of the company’s stock.
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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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