Boston Advisors LLC Invests $697,000 in Hortonworks, Inc. (HDP)

Boston Advisors LLC acquired a new stake in Hortonworks, Inc. (NASDAQ:HDP) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 41,115 shares of the software maker’s stock, valued at approximately $697,000. Boston Advisors LLC owned approximately 0.10% of Hortonworks as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Hortonworks in the 1st quarter valued at $117,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Hortonworks by 17.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after purchasing an additional 29,747 shares in the last quarter. Lyon Street Capital LLC boosted its stake in shares of Hortonworks by 27.0% in the 2nd quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock valued at $3,505,000 after purchasing an additional 57,845 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Hortonworks by 73.9% in the 1st quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after purchasing an additional 20,577 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Hortonworks in the 2nd quarter valued at $408,000. 50.25% of the stock is owned by institutional investors.

Shares of Hortonworks, Inc. (NASDAQ HDP) opened at 16.51 on Wednesday. The stock’s market capitalization is $682.97 million. Hortonworks, Inc. has a 52-week low of $6.54 and a 52-week high of $17.70. The stock has a 50 day moving average of $16.61 and a 200 day moving average of $14.18.

Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.87). Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The firm had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. During the same quarter last year, the firm posted ($0.72) EPS. The business’s revenue was up 41.6% on a year-over-year basis. Analysts forecast that Hortonworks, Inc. will post ($1.72) earnings per share for the current year.

In other Hortonworks news, insider Scott E. Gnau sold 2,659 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $14.29, for a total value of $37,997.11. Following the transaction, the insider now owns 343,666 shares in the company, valued at approximately $4,910,987.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shaun Connolly sold 5,370 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $14.43, for a total value of $77,489.10. Following the completion of the transaction, the insider now owns 385,329 shares in the company, valued at approximately $5,560,297.47. The disclosure for this sale can be found here. Insiders have sold a total of 659,708 shares of company stock worth $11,028,628 in the last quarter. Insiders own 22.50% of the company’s stock.

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Several brokerages have weighed in on HDP. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Cowen and Company reissued a “market perform” rating and set a $14.00 price target (up previously from $11.00) on shares of Hortonworks in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Hortonworks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Craig Hallum began coverage on shares of Hortonworks in a research report on Monday, July 17th. They set a “buy” rating and a $23.00 price target for the company. Finally, Northland Securities reissued a “buy” rating and set a $24.00 price target on shares of Hortonworks in a research report on Monday, July 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Hortonworks currently has a consensus rating of “Buy” and an average target price of $18.93.

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.

Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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