A.R.T. Advisors LLC reduced its position in shares of Hortonworks Inc (NASDAQ:HDP) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 26,636 shares of the company’s stock after selling 1,064 shares during the period. A.R.T. Advisors LLC owned about 0.06% of Hortonworks worth $221,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HDP. Bayesian Capital Management LP bought a new stake in shares of Hortonworks during the fourth quarter valued at approximately $154,000. Royal Bank of Canada increased its stake in shares of Hortonworks by 48.6% in the second quarter. Royal Bank of Canada now owns 30,856 shares of the company’s stock valued at $330,000 after buying an additional 10,088 shares during the last quarter. PEAK6 Investments L.P. increased its stake in shares of Hortonworks by 11.5% in the fourth quarter. PEAK6 Investments L.P. now owns 36,034 shares of the company’s stock valued at $299,000 after buying an additional 3,714 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of Hortonworks during the third quarter valued at approximately $1,227,000. Finally, South Dakota Investment Council increased its stake in shares of Hortonworks by 32.8% in the third quarter. South Dakota Investment Council now owns 156,500 shares of the company’s stock valued at $1,307,000 after buying an additional 38,639 shares during the last quarter. 52.91% of the stock is owned by institutional investors.
Shares of Hortonworks Inc (NASDAQ:HDP) opened at 9.96 on Tuesday. The firm has a 50-day moving average of $10.00 and a 200-day moving average of $8.78. Hortonworks Inc has a 12-month low of $6.42 and a 12-month high of $13.12. The company’s market cap is $412.02 million.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, February 9th. The company reported ($0.50) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.10. Hortonworks had a negative net margin of 136.45% and a negative return on equity of 294.33%. The firm had revenue of $52 million for the quarter, compared to the consensus estimate of $48.03 million. During the same quarter in the prior year, the company posted ($0.72) earnings per share. The business’s revenue was up 38.9% on a year-over-year basis. Analysts predict that Hortonworks Inc will post ($1.82) EPS for the current year.
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Several brokerages recently commented on HDP. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Wednesday, January 4th. Cowen and Company reaffirmed a “market perform” rating on shares of Hortonworks in a report on Friday, December 9th. Drexel Hamilton lifted their target price on shares of Hortonworks to $21.00 in a report on Friday, February 10th. Mizuho raised shares of Hortonworks from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $12.00 in a report on Monday, January 30th. Finally, Wells Fargo & Co began coverage on shares of Hortonworks in a report on Wednesday, January 11th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $15.00.
In other news, insider Shaun Connolly sold 3,551 shares of the stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $9.05, for a total value of $32,136.55. Following the completion of the sale, the insider now owns 617,038 shares in the company, valued at $5,584,193.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott Davidson sold 2,841 shares of the stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $9.05, for a total transaction of $25,711.05. Following the completion of the sale, the chief financial officer now owns 821,787 shares of the company’s stock, valued at approximately $7,437,172.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,573 shares of company stock worth $1,486,489. Corporate insiders own 26.00% of the company’s stock.
Hortonworks, Inc is a provider and distributor of an 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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