Schwab Charles Investment Management Inc. Lowers Position in Hortonworks Inc (HDP)

Schwab Charles Investment Management Inc. lessened its stake in Hortonworks Inc (NASDAQ:HDP) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 240,564 shares of the software maker’s stock after selling 3,863 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.34% of Hortonworks worth $4,078,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Hortonworks by 8.8% in the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after purchasing an additional 62,903 shares during the period. Citadel Advisors LLC raised its holdings in Hortonworks by 66.7% during the 3rd quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock valued at $4,523,000 after acquiring an additional 106,777 shares during the period. Lyon Street Capital LLC raised its holdings in Hortonworks by 27.0% during the 2nd quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock valued at $3,505,000 after acquiring an additional 57,845 shares during the period. Commonwealth Equity Services Inc bought a new stake in Hortonworks during the 3rd quarter valued at $1,333,000. Finally, Fox Run Management L.L.C. bought a new stake in Hortonworks during the 3rd quarter valued at $420,000. 57.60% of the stock is currently owned by institutional investors.

In related news, insider Scott Reasoner sold 5,224 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $20.29, for a total value of $105,994.96. Following the completion of the transaction, the insider now directly owns 228,725 shares in the company, valued at $4,640,830.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shaun Connolly sold 2,083 shares of the company’s stock in a transaction 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 transaction, the insider now owns 366,988 shares of the company’s stock, valued at $6,690,191.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 777,406 shares of company stock worth $15,043,645. Insiders own 22.50% of the company’s stock.

HDP has been the topic of a number of analyst reports. Mizuho reissued a “hold” rating and set a $14.00 target price on shares of Hortonworks in a report on Thursday, November 2nd. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Royal Bank of Canada reissued a “buy” rating and set a $20.00 target price on shares of Hortonworks in a report on Friday, November 3rd. Drexel Hamilton reissued a “buy” rating and set a $26.00 target price on shares of Hortonworks in a report on Monday, November 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Hortonworks in a report on Tuesday, December 12th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.92.

Hortonworks Inc (HDP) opened at $21.34 on Friday. The firm has a market cap of $1,510.00, a price-to-earnings ratio of -6.33 and a beta of 1.66. Hortonworks Inc has a 1-year low of $8.74 and a 1-year high of $22.00.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the consensus estimate 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. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.68) EPS. equities analysts predict that Hortonworks Inc will post -2.98 earnings per share for the current fiscal year.

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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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