Hortonworks (HDP) Receives Hold Rating from Barclays
Several other equities research analysts also recently weighed in on HDP. BidaskClub downgraded Hortonworks from a buy rating to a hold rating in a report on Friday, April 6th. Monness Crespi & Hardt began coverage on Hortonworks in a report on Wednesday, April 11th. They set a neutral rating for the company. Zacks Investment Research raised Hortonworks from a hold rating to a buy rating and set a $20.00 target price for the company in a report on Wednesday, April 11th. Credit Suisse Group reaffirmed a neutral rating and set a $24.00 target price (up previously from $23.00) on shares of Hortonworks in a report on Friday, March 9th. Finally, DA Davidson began coverage on Hortonworks in a report on Friday, March 9th. They set a buy rating and a $24.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $22.14.
Shares of HDP stock opened at $17.70 on Friday. Hortonworks has a 1-year low of $9.93 and a 1-year high of $22.00. The stock has a market cap of $1,363.67, a P/E ratio of -5.78 and a beta of 1.38.
In related news, insider Shaun Connolly sold 7,102 shares of Hortonworks stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $19.22, for a total transaction of $136,500.44. Following the completion of the transaction, the insider now directly owns 262,282 shares in the company, valued at $5,041,060.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Bearden sold 74,449 shares of Hortonworks stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $18.21, for a total value of $1,355,716.29. Following the transaction, the chief executive officer now owns 1,905,177 shares of the company’s stock, valued at $34,693,273.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,544,586 shares of company stock valued at $28,861,716. 22.50% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new stake in shares of Hortonworks in the fourth quarter valued at approximately $362,000. MetLife Investment Advisors LLC purchased a new stake in shares of Hortonworks in the fourth quarter valued at approximately $478,000. Gotham Asset Management LLC increased its position in shares of Hortonworks by 66.3% in the fourth quarter. Gotham Asset Management LLC now owns 29,656 shares of the software maker’s stock valued at $596,000 after buying an additional 11,821 shares in the last quarter. Lyon Street Capital LLC increased its position in shares of Hortonworks by 3.9% in the fourth quarter. Lyon Street Capital LLC now owns 285,389 shares of the software maker’s stock valued at $5,739,000 after buying an additional 10,605 shares in the last quarter. Finally, Park West Asset Management LLC increased its position in shares of Hortonworks by 47.4% in the fourth quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock valued at $42,231,000 after buying an additional 675,000 shares in the last quarter. Institutional investors and hedge funds own 61.64% of the company’s stock.
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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