Credit Suisse AG Lowers Position in Hortonworks, Inc. (HDP)

Credit Suisse AG decreased its stake in Hortonworks, Inc. (NASDAQ:HDP) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 461,953 shares of the software maker’s stock after selling 26,938 shares during the period. Credit Suisse AG owned approximately 1.12% of Hortonworks worth $4,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HDP. Princeton Alpha Management LP bought a new position in shares of Hortonworks during the first quarter valued at about $110,000. Oppenheimer Asset Management Inc. bought a new position in shares of Hortonworks during the first quarter valued at about $117,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Hortonworks during the first quarter valued at about $192,000. Capital Fund Management S.A. bought a new position in shares of Hortonworks during the first quarter valued at about $198,000. Finally, Parkwood LLC raised its position in shares of Hortonworks by 38.6% in the first quarter. Parkwood LLC now owns 24,363 shares of the software maker’s stock valued at $239,000 after buying an additional 6,785 shares in the last quarter. 48.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hortonworks, Inc. (NASDAQ:HDP) traded up 4.24% during mid-day trading on Friday, hitting $15.75. 1,601,575 shares of the stock traded hands. The company’s market capitalization is $651.53 million. Hortonworks, Inc. has a 1-year low of $6.42 and a 1-year high of $15.92. The company’s 50-day moving average price is $13.69 and its 200 day moving average price is $11.78.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.87). The company had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. Hortonworks’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.72) EPS. Equities research analysts forecast that Hortonworks, Inc. will post ($1.72) EPS for the current fiscal year.

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Several research analysts recently issued reports on HDP shares. Mizuho reissued a “buy” rating and set a $13.00 target price on shares of Hortonworks in a research note on Monday, April 24th. Northland Securities restated a “buy” rating and set a $24.00 price objective on shares of Hortonworks in a report on Monday, July 17th. Wunderlich upped their price objective on shares of Hortonworks from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Drexel Hamilton restated a “buy” rating and set a $21.00 price objective on shares of Hortonworks in a report on Wednesday, June 14th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $17.77.

In other Hortonworks news, insider Scott E. Gnau sold 2,659 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $14.29, for a total value of $37,997.11. Following the completion of the transaction, the insider now owns 343,666 shares of the company’s stock, valued at approximately $4,910,987.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shaun Connolly sold 88,875 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $13.09, for a total value of $1,163,373.75. Following the completion of the transaction, the insider now directly owns 522,962 shares of the company’s stock, valued at approximately $6,845,572.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 467,675 shares of company stock worth $6,035,509. 26.00% of the stock is currently owned by company insiders.

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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