Advisors Asset Management Inc. Purchases New Holdings in Hortonworks Inc (HDP)
Advisors Asset Management Inc. purchased a new position in Hortonworks Inc (NASDAQ:HDP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,414 shares of the software maker’s stock, valued at approximately $226,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in HDP. Rothschild Asset Management Inc. increased its position in Hortonworks by 34.9% in the 2nd quarter. Rothschild Asset Management Inc. now owns 98,589 shares of the software maker’s stock valued at $1,796,000 after acquiring an additional 25,526 shares during the period. Rhumbline Advisers increased its position in Hortonworks by 37.8% in the 2nd quarter. Rhumbline Advisers now owns 64,858 shares of the software maker’s stock valued at $1,182,000 after acquiring an additional 17,785 shares during the period. Gradient Investments LLC increased its position in Hortonworks by 38.0% in the 2nd quarter. Gradient Investments LLC now owns 42,192 shares of the software maker’s stock valued at $769,000 after acquiring an additional 11,626 shares during the period. GSA Capital Partners LLP increased its position in Hortonworks by 52.2% in the 2nd quarter. GSA Capital Partners LLP now owns 26,196 shares of the software maker’s stock valued at $477,000 after acquiring an additional 8,989 shares during the period. Finally, Engineers Gate Manager LP increased its position in Hortonworks by 34.5% in the 2nd quarter. Engineers Gate Manager LP now owns 127,654 shares of the software maker’s stock valued at $2,326,000 after acquiring an additional 32,746 shares during the period. 79.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ HDP opened at $16.24 on Friday. The firm has a market capitalization of $1.55 billion, a P/E ratio of -5.31 and a beta of 1.70. Hortonworks Inc has a 52-week low of $16.07 and a 52-week high of $26.22.
Several brokerages have recently issued reports on HDP. Wells Fargo & Co lifted their price target on Hortonworks to $32.50 and gave the company an “outperform” rating in a research report on Friday, September 14th. DA Davidson lifted their price target on Hortonworks from $24.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. BidaskClub cut Hortonworks from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. ValuEngine cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup set a $33.00 price target on Hortonworks and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Hortonworks currently has an average rating of “Buy” and a consensus price target of $26.50.
In related news, CTO Scott E. Gnau sold 6,875 shares of Hortonworks stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $22.58, for a total value of $155,237.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Reasoner sold 3,049 shares of Hortonworks stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $19.71, for a total value of $60,095.79. Following the completion of the transaction, the insider now owns 164,300 shares in the company, valued at $3,238,353. The disclosure for this sale can be found here. Insiders sold a total of 1,105,408 shares of company stock worth $24,098,099 over the last 90 days. Insiders own 15.60% of the company’s stock.
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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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