State Street Corp Boosts Position in Hortonworks, Inc. (NASDAQ:HDP)

State Street Corp lifted its position in Hortonworks, Inc. (NASDAQ:HDP) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 779,256 shares of the software maker’s stock after buying an additional 62,903 shares during the period. State Street Corp owned approximately 1.88% of Hortonworks worth $10,036,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HDP. Macquarie Group Ltd. boosted its holdings in shares of Hortonworks by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 98,826 shares of the software maker’s stock valued at $1,273,000 after acquiring an additional 750 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares during the period. Rock Point Advisors LLC lifted its stake in shares of Hortonworks by 0.3% in the 2nd quarter. Rock Point Advisors LLC now owns 353,430 shares of the software maker’s stock valued at $4,552,000 after purchasing an additional 965 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares during the period. Finally, Nationwide Fund Advisors lifted its stake in shares of Hortonworks by 13.3% in the 2nd quarter. Nationwide Fund Advisors now owns 27,131 shares of the software maker’s stock valued at $349,000 after purchasing an additional 3,186 shares during the period. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CTO Scott E. Gnau sold 24,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $19.35, for a total value of $464,400.00. Following the completion of the transaction, the chief technology officer now owns 253,743 shares of the company’s stock, valued at approximately $4,909,927.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Bearden sold 120,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $20.11, for a total transaction of $2,413,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,099,626 shares of the company’s stock, valued at approximately $42,223,478.86. The disclosure for this sale can be found here. In the last three months, insiders sold 1,039,694 shares of company stock valued at $18,677,991. 22.50% of the stock is owned by corporate insiders.

HDP has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research report on Sunday, September 10th. Drexel Hamilton reaffirmed a “buy” rating and set a $26.00 target price on shares of Hortonworks in a report on Monday, November 6th. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, November 7th. Northland Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of Hortonworks in a report on Thursday, October 19th. Finally, BidaskClub cut shares of Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Hortonworks currently has an average rating of “Buy” and a consensus target price of $20.46.

Hortonworks, Inc. (HDP) opened at $18.66 on Wednesday. Hortonworks, Inc. has a 1 year low of $8.02 and a 1 year high of $20.66.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same period last year, the firm posted ($0.68) EPS. Hortonworks’s quarterly revenue was up 45.3% on a year-over-year basis. analysts forecast that Hortonworks, Inc. will post -2.98 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “State Street Corp Boosts Position in Hortonworks, Inc. (NASDAQ:HDP)” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://stocknewstimes.com/2017/12/06/hortonworks-inc-hdp-holdings-boosted-by-state-street-corp.html.

Hortonworks Profile

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.

Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

Receive News & Ratings for Hortonworks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply