Credit Suisse AG cut its stake in Hortonworks, Inc. (NASDAQ:HDP) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highbridge Capital Management LLC purchased a new position in shares of Hortonworks during the first quarter valued at approximately $664,000. Bank of America Corp DE increased its position in shares of Hortonworks by 6.1% in the first quarter. Bank of America Corp DE now owns 159,922 shares of the software maker’s stock valued at $1,569,000 after buying an additional 9,222 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Hortonworks during the first quarter valued at approximately $117,000. Edmond DE Rothschild Holding S.A. increased its position in shares of Hortonworks by 84.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 313,736 shares of the software maker’s stock valued at $3,078,000 after buying an additional 143,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Hortonworks by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after buying an additional 29,747 shares during the last quarter. 48.69% of the stock is currently owned by institutional investors.
Hortonworks, Inc. (NASDAQ HDP) traded up 4.24% during mid-day trading on Friday, hitting $15.75. 1,601,575 shares of the stock were exchanged. The stock’s market cap is $651.53 million. The stock has a 50 day moving average of $13.69 and a 200-day moving average of $11.78. Hortonworks, Inc. has a 52-week low of $6.42 and a 52-week high of $15.92.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, meeting the consensus estimate of ($0.87). The firm had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The business’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.72) earnings per share. Equities analysts predict that Hortonworks, Inc. will post ($1.72) EPS for the current fiscal year.
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Several research analysts recently commented on the stock. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Cowen and Company reissued a “market perform” rating and set a $14.00 price objective (up from $11.00) on shares of Hortonworks in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Hortonworks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Barclays PLC reissued an “overweight” rating and set a $16.00 price objective (up from $15.00) on shares of Hortonworks in a research report on Friday, August 4th. Finally, Mizuho reissued a “hold” rating and set a $14.00 price objective on shares of Hortonworks in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.77.
In other Hortonworks news, insider Shaun Connolly sold 88,875 shares of Hortonworks stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $13.09, for a total value of $1,163,373.75. Following the transaction, the insider now owns 522,962 shares in the company, valued at $6,845,572.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Greg Pavlik sold 100,000 shares of Hortonworks stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $12.37, for a total value of $1,237,000.00. Following the completion of the transaction, the insider now owns 254,630 shares in the company, valued at approximately $3,149,773.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 467,675 shares of company stock worth $6,035,509. Insiders own 26.00% of the company’s stock.
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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