Alliancebernstein L.P. lifted its stake in Hortonworks, Inc. (NASDAQ:HDP) by 87.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,000 shares of the software maker’s stock after buying an additional 23,300 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of Hortonworks worth $644,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of Hortonworks by 8.5% in the second quarter. Wells Fargo & Company MN now owns 52,555 shares of the software maker’s stock worth $677,000 after purchasing an additional 4,134 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Hortonworks in the second quarter worth about $1,217,000. Swiss National Bank grew its stake in shares of Hortonworks by 22.3% in the second quarter. Swiss National Bank now owns 71,300 shares of the software maker’s stock worth $918,000 after purchasing an additional 13,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Hortonworks by 862.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,500 shares of the software maker’s stock worth $8,378,000 after purchasing an additional 582,900 shares during the last quarter. Finally, Federated Investors Inc. PA bought a new stake in shares of Hortonworks in the second quarter worth about $330,000. Hedge funds and other institutional investors own 50.25% of the company’s stock.
In other news, insider Shaun Connolly sold 13,644 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $16.43, for a total transaction of $224,170.92. Following the transaction, the insider now directly owns 251,685 shares of the company’s stock, valued at $4,135,184.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott E. Gnau sold 2,659 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $14.29, for a total transaction of $37,997.11. Following the transaction, the insider now directly owns 343,666 shares in the company, valued at $4,910,987.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 659,708 shares of company stock worth $11,028,628. Corporate insiders own 22.50% of the company’s stock.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.87). The business had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The company’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same period last year, the company posted ($0.72) earnings per share.
Several analysts recently issued reports on the company. Northland Securities reissued a “buy” rating and issued a $24.00 target price on shares of Hortonworks in a research note on Thursday, October 19th. Royal Bank Of Canada reissued a “buy” rating on shares of Hortonworks in a research note on Wednesday, October 18th. BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $22.00 target price on shares of Hortonworks in a research note on Thursday, September 21st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.93.
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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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