Credit Suisse AG reduced its stake in Hortonworks, Inc. (NASDAQ:HDP) by 5.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 461,953 shares of the software maker’s stock after selling 26,938 shares during the period. Credit Suisse AG owned about 1.12% of Hortonworks worth $4,532,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of HDP. Princeton Alpha Management LP acquired a new position in Hortonworks during the first quarter valued at $110,000. Oppenheimer Asset Management Inc. acquired a new position in Hortonworks during the first quarter valued at $117,000. Dynamic Technology Lab Private Ltd acquired a new position in Hortonworks during the first quarter valued at $192,000. Capital Fund Management S.A. acquired a new position in Hortonworks during the first quarter valued at $198,000. Finally, Parkwood LLC boosted its position in Hortonworks by 38.6% in the first quarter. Parkwood LLC now owns 24,363 shares of the software maker’s stock valued at $239,000 after buying an additional 6,785 shares in the last quarter. 49.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hortonworks, Inc. (NASDAQ HDP) opened at 13.04 on Tuesday. The company’s market capitalization is $539.43 million. Hortonworks, Inc. has a 1-year low of $6.42 and a 1-year high of $15.00. The company’s 50 day moving average price is $13.02 and its 200-day moving average price is $11.12.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, May 4th. The software maker reported ($0.88) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.93) by $0.05. The firm had revenue of $55.97 million for the quarter, compared to the consensus estimate of $52.21 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 120.94%. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same period last year, the business posted ($0.68) EPS. On average, equities analysts forecast that Hortonworks, Inc. will post ($1.82) earnings per share for the current year.
Several research firms have weighed in on HDP. Zacks Investment Research cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Drexel Hamilton reaffirmed a “buy” rating and set a $21.00 price target on shares of Hortonworks in a research report on Saturday. Craig Hallum began coverage on Hortonworks in a research report on Monday, July 17th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $21.00 price target on shares of Hortonworks in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.57.
In related news, insider Shaun Connolly sold 7,831 shares of Hortonworks stock in a transaction on Monday, July 17th. The stock was sold at an average price of $13.55, for a total transaction of $106,110.05. Following the transaction, the insider now directly owns 443,347 shares in the company, valued at $6,007,351.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott Davidson sold 56,250 shares of Hortonworks stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total value of $736,312.50. Following the transaction, the chief financial officer now owns 718,382 shares in the company, valued at $9,403,620.38. The disclosure for this sale can be found here. Insiders have sold 485,963 shares of company stock worth $6,122,608 over the last quarter. 26.00% of the stock is owned by company insiders.
About Hortonworks
Hortonworks, Inc is a provider and distributor of 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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