Gradient Investments LLC Grows Holdings in Hortonworks Inc (HDP)

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Gradient Investments LLC raised its stake in Hortonworks Inc (NASDAQ:HDP) by 31.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,323 shares of the software maker’s stock after buying an additional 13,131 shares during the period. Gradient Investments LLC’s holdings in Hortonworks were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in Hortonworks in the 2nd quarter valued at about $226,000. Global X Management Co LLC purchased a new stake in Hortonworks in the 2nd quarter valued at about $156,000. Verition Fund Management LLC purchased a new stake in Hortonworks in the 1st quarter valued at about $211,000. Amalgamated Bank purchased a new stake in Hortonworks in the 2nd quarter valued at about $192,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Hortonworks in the 2nd quarter valued at about $202,000. 81.32% of the stock is owned by institutional investors.

NASDAQ:HDP opened at $20.25 on Friday. Hortonworks Inc has a one year low of $15.50 and a one year high of $26.22. The stock has a market capitalization of $1.86 billion, a PE ratio of -6.62 and a beta of 1.50.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.11. The business had revenue of $86.34 million during the quarter, compared to the consensus estimate of $80.34 million. On average, sell-side analysts expect that Hortonworks Inc will post -1.99 earnings per share for the current year.

HDP has been the subject of several research reports. Zacks Investment Research cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. Wells Fargo & Co boosted their price objective on shares of Hortonworks to $32.50 and gave the company an “outperform” rating in a research report on Friday, September 14th. DA Davidson boosted their price target on shares of Hortonworks from $24.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Finally, ValuEngine upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.90.

In related news, CRO Alan Fudge sold 60,350 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $17.66, for a total transaction of $1,065,781.00. Following the completion of the transaction, the executive now owns 416,575 shares in the company, valued at approximately $7,356,714.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Reasoner sold 6,009 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $20.00, for a total transaction of $120,180.00. Following the transaction, the insider now owns 1,062,279 shares of the company’s stock, valued at approximately $21,245,580. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,085,705 shares of company stock valued at $23,559,813. Company insiders own 15.60% of the company’s stock.

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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