Gradient Investments LLC Increases Holdings in Hortonworks Inc (HDP)
Gradient Investments LLC raised its stake in Hortonworks Inc (NASDAQ:HDP) by 31.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,323 shares of the software maker’s stock after acquiring an additional 13,131 shares during the period. Gradient Investments LLC owned approximately 0.07% of Hortonworks worth $1,262,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northern Trust Corp increased its holdings in Hortonworks by 33.9% in the 2nd quarter. Northern Trust Corp now owns 802,377 shares of the software maker’s stock valued at $14,620,000 after acquiring an additional 203,093 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Hortonworks by 39.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 337,560 shares of the software maker’s stock valued at $6,150,000 after acquiring an additional 95,380 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Hortonworks in the 2nd quarter valued at $226,000. Public Employees Retirement System of Ohio increased its holdings in Hortonworks by 22.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 112,013 shares of the software maker’s stock valued at $2,041,000 after acquiring an additional 20,621 shares during the last quarter. Finally, Global X Management Co LLC bought a new stake in Hortonworks in the 2nd quarter valued at $156,000. Institutional investors own 81.32% of the company’s stock.
In related news, CTO Scott E. Gnau sold 6,875 shares of Hortonworks stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $22.58, for a total transaction of $155,237.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Bearden sold 81,400 shares of Hortonworks stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $20.10, for a total transaction of $1,636,140.00. Following the transaction, the chief executive officer now directly owns 1,191,184 shares of the company’s stock, valued at $23,942,798.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,085,705 shares of company stock valued at $23,559,813. 15.60% of the stock is owned by corporate insiders.
Hortonworks (NASDAQ:HDP) last posted its earnings results on Tuesday, August 7th. The software maker reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.11. The business had revenue of $86.34 million during the quarter, compared to the consensus estimate of $80.34 million. On average, research analysts anticipate that Hortonworks Inc will post -1.99 earnings per share for the current year.
A number of brokerages have issued reports on HDP. Wells Fargo & Co lifted their price target on shares of Hortonworks to $32.50 and gave the company an “outperform” rating in a report on Friday, September 14th. ValuEngine upgraded shares of Hortonworks from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 4th. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Friday, September 14th. DA Davidson boosted their target price on shares of Hortonworks from $24.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, October 4th. Finally, BTIG Research started coverage on shares of Hortonworks in a report on Wednesday, September 12th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. Hortonworks has an average rating of “Buy” and a consensus price target of $25.90.
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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