Swiss National Bank raised its holdings in Hortonworks Inc (NASDAQ:HDP) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the software maker’s stock after buying an additional 8,700 shares during the period. Swiss National Bank owned approximately 0.11% of Hortonworks worth $1,609,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Allianz Asset Management GmbH lifted its position in shares of Hortonworks by 8.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,342,579 shares of the software maker’s stock worth $22,757,000 after purchasing an additional 102,396 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Hortonworks by 51.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 985,918 shares of the software maker’s stock worth $16,711,000 after purchasing an additional 335,418 shares during the last quarter. Ark Investment Management LLC lifted its position in shares of Hortonworks by 5.9% during the 2nd quarter. Ark Investment Management LLC now owns 837,483 shares of the software maker’s stock worth $10,787,000 after purchasing an additional 46,391 shares during the last quarter. TCW Group Inc. lifted its position in shares of Hortonworks by 16.0% during the 3rd quarter. TCW Group Inc. now owns 793,893 shares of the software maker’s stock worth $13,456,000 after purchasing an additional 109,588 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Hortonworks by 8.8% during the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after purchasing an additional 62,903 shares during the last quarter. 67.52% of the stock is owned by institutional investors.
In other news, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $20.92, for a total transaction of $43,576.36. Following the transaction, the insider now directly owns 238,069 shares in the company, valued at $4,980,403.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Reasoner sold 5,224 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $20.29, for a total transaction of $105,994.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,297,202 shares of company stock worth $24,118,665. 22.50% of the stock is currently owned by company insiders.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, meeting 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. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.50) earnings per share. analysts anticipate that Hortonworks Inc will post -2.5 EPS for the current fiscal year.
HDP has been the subject of several recent analyst reports. Mizuho lifted their price objective 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. DA Davidson started coverage on shares of Hortonworks in a research report on Friday. They issued a “buy” rating and a $24.00 price target for the company. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Royal Bank of Canada reissued a “buy” rating and issued a $23.00 price target on shares of Hortonworks in a research report on Wednesday, December 20th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a research report on Tuesday, December 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.36.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/03/13/swiss-national-bank-acquires-8700-shares-of-hortonworks-inc-hdp.html.
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.
Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.