Masters Capital Management LLC bought a new position in Hortonworks Inc (NASDAQ:HDP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the software maker’s stock, valued at approximately $4,022,000. Masters Capital Management LLC owned 0.28% of Hortonworks as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of HDP. AXA purchased a new position in Hortonworks during the 4th quarter valued at $209,000. Guggenheim Capital LLC purchased a new position in Hortonworks during the 4th quarter valued at $255,000. Voya Investment Management LLC increased its position in Hortonworks by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 21,411 shares of the software maker’s stock valued at $276,000 after purchasing an additional 3,766 shares during the period. Teacher Retirement System of Texas purchased a new position in Hortonworks during the 4th quarter valued at $327,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Hortonworks during the 4th quarter valued at $385,000. 67.52% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on HDP shares. Credit Suisse Group reaffirmed a “neutral” rating and issued a $24.00 target price (up from $23.00) on shares of Hortonworks in a research report on Friday. DA Davidson started coverage on shares of Hortonworks in a research report on Friday. They issued a “buy” rating and a $24.00 target price on the stock. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Mizuho upped their target price on shares of Hortonworks from $14.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.36.
Shares of Hortonworks Inc (HDP) opened at $20.67 on Monday. Hortonworks Inc has a 1 year low of $9.10 and a 1 year high of $22.00.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.24). The firm had revenue of $75.01 million during the quarter, compared to the consensus estimate of $70.44 million. The business’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.50) EPS. research analysts predict that Hortonworks Inc will post -2.5 earnings per share for the current fiscal year.
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Hortonworks Company 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.
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