NJ State Employees Deferred Compensation Plan Has $386,000 Stake in Hortonworks, Inc. (NASDAQ:HDP)
NJ State Employees Deferred Compensation Plan maintained its position in shares of Hortonworks, Inc. (NASDAQ:HDP) during the second quarter, Holdings Channel reports. The institutional investor owned 30,000 shares of the software maker’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Hortonworks were worth $386,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Hortonworks by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,868,168 shares of the software maker’s stock worth $28,137,000 after buying an additional 73,656 shares during the period. Russell Investments Group Ltd. raised its position in shares of Hortonworks by 71.4% in the second quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock worth $12,756,000 after buying an additional 412,539 shares during the period. State Street Corp raised its position in shares of Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the software maker’s stock worth $5,509,000 after buying an additional 30,180 shares during the period. Geode Capital Management LLC raised its position in shares of Hortonworks by 20.2% in the first quarter. Geode Capital Management LLC now owns 364,550 shares of the software maker’s stock worth $3,576,000 after buying an additional 61,286 shares during the period. Finally, Herald Investment Management Ltd acquired a new position in shares of Hortonworks during the first quarter worth approximately $3,528,000. 50.19% of the stock is currently owned by institutional investors.
Hortonworks, Inc. (NASDAQ HDP) opened at 14.78 on Wednesday. The firm’s market capitalization is $611.40 million. Hortonworks, Inc. has a 12-month low of $6.42 and a 12-month high of $15.18. The company’s 50-day moving average price is $13.27 and its 200-day moving average price is $11.36.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.87). The company had revenue of $61.83 million during the quarter, compared to the consensus estimate of $57.62 million. Hortonworks had a negative return on equity of 1,685.64% and a negative net margin of 107.07%. The firm’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.72) earnings per share. Equities analysts expect that Hortonworks, Inc. will post ($1.73) EPS for the current fiscal year.
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HDP has been the topic of a number of research analyst reports. Cowen and Company raised their price target on Hortonworks from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Friday, June 16th. Mizuho reissued a “hold” rating and set a $14.00 price target on shares of Hortonworks in a report on Friday, August 4th. Northland Securities reissued a “buy” rating and set a $24.00 price target on shares of Hortonworks in a report on Monday, July 17th. Drexel Hamilton reissued a “buy” rating and set a $21.00 price target on shares of Hortonworks in a report on Monday, May 15th. Finally, Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Hortonworks has a consensus rating of “Buy” and a consensus price target of $17.54.
In other news, insider Greg Pavlik sold 5,532 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $13.35, for a total transaction of $73,852.20. Following the completion of the sale, the insider now owns 263,584 shares in the company, valued at $3,518,846.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shaun Connolly sold 88,875 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $13.09, for a total value of $1,163,373.75. Following the sale, the insider now owns 522,962 shares of the company’s stock, valued at approximately $6,845,572.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 452,222 shares of company stock valued at $5,796,759. 26.00% of the stock is currently owned by corporate insiders.
Hortonworks Company Profile
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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