Engineers Gate Manager LP Raises Holdings in Hortonworks (HDP)

Engineers Gate Manager LP raised its position in Hortonworks (NASDAQ:HDP) by 21.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,908 shares of the software maker’s stock after buying an additional 16,549 shares during the quarter. Engineers Gate Manager LP owned 0.12% of Hortonworks worth $1,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HDP. ARK Investment Management LLC lifted its position in shares of Hortonworks by 3.3% during the 4th quarter. ARK Investment Management LLC now owns 921,786 shares of the software maker’s stock valued at $18,537,000 after acquiring an additional 29,148 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of Hortonworks during the 4th quarter valued at $503,000. Swiss National Bank lifted its position in shares of Hortonworks by 12.2% during the 4th quarter. Swiss National Bank now owns 80,000 shares of the software maker’s stock valued at $1,609,000 after acquiring an additional 8,700 shares during the period. Edge Wealth Management LLC lifted its position in shares of Hortonworks by 71.9% during the 4th quarter. Edge Wealth Management LLC now owns 26,379 shares of the software maker’s stock valued at $530,000 after acquiring an additional 11,029 shares during the period. Finally, Stanley Laman Group Ltd. bought a new stake in shares of Hortonworks during the 4th quarter valued at $734,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HDP stock opened at $16.68 on Friday. Hortonworks has a twelve month low of $16.89 and a twelve month high of $17.33.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Tuesday, May 8th. The software maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.07. The business had revenue of $79.06 million for the quarter, compared to the consensus estimate of $75.26 million. During the same quarter in the prior year, the company earned ($0.50) earnings per share. Hortonworks’s quarterly revenue was up 41.3% compared to the same quarter last year. research analysts anticipate that Hortonworks will post -2.14 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on HDP. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 target price on shares of Hortonworks in a research report on Thursday. ValuEngine downgraded Hortonworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. Credit Suisse Group reiterated a “neutral” rating and set a $24.00 target price (up from $23.00) on shares of Hortonworks in a research report on Friday, March 9th. DA Davidson began coverage on Hortonworks in a research report on Friday, March 9th. They set a “buy” rating and a $24.00 target price for the company. Finally, Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, April 11th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Hortonworks has a consensus rating of “Buy” and an average price target of $22.14.

In other Hortonworks news, insider Scott E. Gnau sold 7,200 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $18.11, for a total value of $130,392.00. Following the completion of the transaction, the insider now directly owns 338,594 shares in the company, valued at $6,131,937.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Scott E. Gnau sold 3,960 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $17.06, for a total value of $67,557.60. Following the completion of the transaction, the chief technology officer now owns 381,811 shares of the company’s stock, valued at $6,513,695.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,892,048 shares of company stock valued at $34,856,511. 15.60% of the stock is owned by corporate insiders.

Hortonworks Company Profile

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

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Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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