Edge Wealth Management LLC Buys 11,029 Shares of Hortonworks Inc (HDP)

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.

Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. The firm had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. During the same period in the previous year, the firm earned ($0.68) earnings per share. The business’s quarterly revenue was up 45.3% on a year-over-year basis. equities analysts predict that Hortonworks Inc will post -2.98 EPS for the current year.

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.

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Hortonworks 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.

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Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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