Edge Wealth Management LLC grew its holdings in Hortonworks Inc (NASDAQ:HDP) by 71.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,379 shares of the software maker’s stock after acquiring an additional 11,029 shares during the quarter. Edge Wealth Management LLC’s holdings in Hortonworks were worth $530,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in HDP. ETF Managers Group LLC acquired a new position in shares of Hortonworks in the 2nd quarter valued at about $125,000. Legal & General Group Plc lifted its stake in shares of Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares during the period. Gotham Asset Management LLC acquired a new position in shares of Hortonworks in the 2nd quarter valued at about $170,000. Finally, Quantbot Technologies LP acquired a new position in shares of Hortonworks in the 2nd quarter valued at about $173,000. 57.60% of the stock is currently owned by institutional investors.
Shares of Hortonworks Inc (NASDAQ HDP) opened at $20.66 on Thursday. Hortonworks Inc has a 12-month low of $8.80 and a 12-month high of $22.00. The company has a market capitalization of $1,442.39, a PE ratio of -6.13 and a beta of 1.66.
A number of research analysts have recently issued reports on HDP shares. BidaskClub downgraded Hortonworks from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, November 7th. Mizuho reaffirmed a “hold” rating and issued a $14.00 target price on shares of Hortonworks in a research report on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 target price on shares of Hortonworks in a research report on Wednesday, December 20th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $22.00 target price on shares of Hortonworks in a research report on Thursday, September 21st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $21.92.
In other Hortonworks news, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $18.23, for a total transaction of $37,973.09. Following the completion of the sale, the insider now directly owns 366,988 shares of the company’s stock, valued at approximately $6,690,191.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Davidson sold 49,539 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $20.74, for a total value of $1,027,438.86. Following the sale, the insider now directly owns 936,011 shares of the company’s stock, valued at $19,412,868.14. The disclosure for this sale can be found here. Insiders have sold a total of 765,845 shares of company stock valued at $14,863,050 over the last three months. Corporate insiders own 22.50% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2018/01/18/edge-wealth-management-llc-buys-11029-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.
Want to see what other hedge funds are holding HDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hortonworks Inc (NASDAQ:HDP).
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.