21,448 Shares in Hortonworks Inc (HDP) Purchased by Dupont Capital Management Corp
Dupont Capital Management Corp bought a new stake in shares of Hortonworks Inc (NASDAQ:HDP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,448 shares of the software maker’s stock, valued at approximately $489,000.
Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Hortonworks by 31.4% in the third quarter. Wells Fargo & Company MN now owns 89,985 shares of the software maker’s stock worth $2,053,000 after purchasing an additional 21,498 shares during the last quarter. Ashfield Capital Partners LLC purchased a new position in Hortonworks during the 3rd quarter worth approximately $205,000. Engineers Gate Manager LP raised its position in Hortonworks by 42.4% during the 3rd quarter. Engineers Gate Manager LP now owns 181,761 shares of the software maker’s stock worth $4,146,000 after buying an additional 54,107 shares during the last quarter. Moloney Securities Asset Management LLC grew its stake in shares of Hortonworks by 14.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 59,987 shares of the software maker’s stock worth $1,368,000 after purchasing an additional 7,650 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in Hortonworks in the 3rd quarter valued at $1,172,000. Institutional investors own 76.07% of the company’s stock.
HDP has been the topic of several analyst reports. JMP Securities reduced their price target on Hortonworks from $27.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 8th. ValuEngine upgraded shares of Hortonworks from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 4th. BidaskClub lowered shares of Hortonworks from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Monness Crespi & Hardt boosted their price objective on shares of Hortonworks from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Needham & Company LLC boosted their price objective on shares of Hortonworks from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.27.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, November 8th. The software maker reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.11. The firm had revenue of $87.20 million during the quarter, compared to analyst estimates of $87.07 million. The business’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) earnings per share. Equities research analysts anticipate that Hortonworks Inc will post -1.81 earnings per share for the current year.
In other Hortonworks news, CEO Robert G. Bearden sold 109,200 shares of Hortonworks stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $20.85, for a total value of $2,276,820.00. Following the completion of the transaction, the chief executive officer now directly owns 1,191,184 shares of the company’s stock, valued at approximately $24,836,186.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Reasoner sold 3,126 shares of Hortonworks stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $25.02, for a total value of $78,212.52. Following the completion of the transaction, the insider now directly owns 183,686 shares of the company’s stock, valued at $4,595,823.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775,004 shares of company stock valued at $16,344,777. 15.60% of the stock is currently owned by corporate insiders.
Hortonworks Company Profile
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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