Hortonworks Inc (HDP) Shares Sold by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. lowered its position in Hortonworks Inc (NASDAQ:HDP) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 570,236 shares of the software maker’s stock after selling 7,105 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Hortonworks were worth $11,485,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its position in shares of Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after buying an additional 1,700 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Hortonworks during the 2nd quarter worth about $170,000. New Jersey Better Educational Savings Trust purchased a new stake in Hortonworks during the 3rd quarter worth about $237,000. Cubist Systematic Strategies LLC purchased a new stake in Hortonworks during the 2nd quarter worth about $242,000. Finally, Trellus Management Company LLC purchased a new stake in Hortonworks during the 3rd quarter worth about $254,000. Institutional investors and hedge funds own 56.61% of the company’s stock.

A number of research firms recently commented on HDP. Drexel Hamilton reiterated a “buy” rating and set a $26.00 price objective on shares of Hortonworks in a research report on Monday, November 6th. Royal Bank of Canada reiterated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a research report on Friday, November 3rd. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Mizuho reiterated a “buy” rating and set a $23.00 price objective (up previously from $14.00) on shares of Hortonworks in a research report on Thursday, January 11th. Finally, BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.92.

In other news, CEO Robert G. Bearden sold 120,000 shares of Hortonworks stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $20.11, for a total value of $2,413,200.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Reasoner sold 4,678 shares of Hortonworks stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $17.76, for a total value of $83,081.28. Following the completion of the transaction, the insider now directly owns 258,125 shares in the company, valued at $4,584,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 580,631 shares of company stock worth $11,422,958. 22.50% of the stock is owned by corporate insiders.

Shares of Hortonworks Inc (NASDAQ HDP) opened at $18.19 on Friday. Hortonworks Inc has a 52 week low of $9.10 and a 52 week high of $22.00. The stock has a market capitalization of $1,320.74, a PE ratio of -5.85 and a beta of 1.52.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.24). The business had revenue of $75.01 million during the quarter, compared to analyst estimates of $70.44 million. During the same period in the previous year, the business posted ($0.50) earnings per share. The firm’s quarterly revenue was up 44.4% on a year-over-year basis. research analysts anticipate that Hortonworks Inc will post -2.5 EPS for the current year.

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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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Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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