Shares of Hortonworks, Inc. (NASDAQ:HDP) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.47 and last traded at $16.42, with a volume of 291,075 shares trading hands. The stock had previously closed at $16.33.

A number of analysts have recently issued reports on HDP shares. Barclays PLC raised their price target on shares of Hortonworks from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Mizuho downgraded shares of Hortonworks from a “buy” rating to a “neutral” rating and raised their price target for the company from $13.00 to $14.00 in a report on Thursday, May 25th. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Cowen and Company raised their price target on shares of Hortonworks from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Friday, June 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Hortonworks in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.08.

The stock has a 50-day moving average price of $14.48 and a 200-day moving average price of $12.17. The firm’s market cap is $702.83 million.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.87). Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The firm had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. During the same quarter in the prior year, the company posted ($0.72) earnings per share. Hortonworks’s quarterly revenue was up 41.6% on a year-over-year basis. On average, analysts expect that Hortonworks, Inc. will post ($1.72) EPS for the current year.

In related news, CFO Scott Davidson sold 7,670 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $12.74, for a total transaction of $97,715.80. Following the transaction, the chief financial officer now owns 710,712 shares of the company’s stock, valued at $9,054,470.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shaun Connolly sold 7,830 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $12.59, for a total value of $98,579.70. Following the transaction, the insider now directly owns 507,282 shares in the company, valued at approximately $6,386,680.38. The disclosure for this sale can be found here. Insiders have sold 303,614 shares of company stock worth $4,184,006 in the last ninety days. 26.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Hortonworks by 13.6% in the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after buying an additional 389,514 shares in the last quarter. 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 in the last quarter. ARK Investment Management LLC raised its position in shares of Hortonworks by 5.9% in the second quarter. ARK Investment Management LLC now owns 837,483 shares of the software maker’s stock worth $10,787,000 after buying an additional 46,391 shares in the last quarter. State Street Corp raised its position in shares of Hortonworks by 8.8% in the second quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after buying an additional 62,903 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its position in shares of Hortonworks by 885.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock worth $8,682,000 after buying an additional 605,700 shares in the last quarter. 49.62% of the stock is currently owned by hedge funds and other institutional investors.

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About Hortonworks

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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