DA Davidson assumed coverage on shares of Hortonworks (NASDAQ:HDP) in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $24.00 price objective on the software maker’s stock.
Several other analysts also recently commented on the company. Mizuho upped their price objective on Hortonworks from $14.00 to $23.00 and gave the company a buy rating in a research note on Friday, January 12th. Barclays downgraded Hortonworks from an overweight rating to an equal weight rating and set a $22.00 price objective for the company. in a research note on Monday, January 8th. Rosenblatt Securities reaffirmed a buy rating and set a $25.00 price objective on shares of Hortonworks in a research note on Tuesday, December 12th. ValuEngine raised Hortonworks from a sell rating to a hold rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group downgraded Hortonworks from an outperform rating to a neutral rating and set a $20.00 price objective for the company. in a research note on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $22.36.
Shares of Hortonworks (NASDAQ HDP) opened at $20.72 on Friday. Hortonworks has a fifty-two week low of $9.10 and a fifty-two week high of $22.00. The firm has a market capitalization of $1,460.00, a PE ratio of -6.68 and a beta of 1.57.
In other news, CTO Scott E. Gnau sold 2,659 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $17.12, for a total transaction of $45,522.08. Following the completion of the transaction, the chief technology officer now directly owns 345,794 shares of the company’s stock, valued at approximately $5,919,993.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shaun Connolly sold 8,863 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $19.68, for a total value of $174,423.84. Following the transaction, the insider now directly owns 235,986 shares of the company’s stock, valued at $4,644,204.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,297,202 shares of company stock valued at $24,118,665. Company insiders own 22.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HDP. Wells Fargo & Company MN grew its holdings in shares of Hortonworks by 8.5% in the 2nd quarter. Wells Fargo & Company MN now owns 52,555 shares of the software maker’s stock worth $677,000 after acquiring an additional 4,134 shares during the period. Northern Trust Corp grew its holdings in shares of Hortonworks by 12.3% in the 2nd quarter. Northern Trust Corp now owns 573,682 shares of the software maker’s stock worth $7,389,000 after acquiring an additional 62,673 shares during the period. Ark Investment Management LLC grew its holdings in shares of Hortonworks by 5.9% in the 2nd quarter. Ark Investment Management LLC now owns 837,483 shares of the software maker’s stock worth $10,787,000 after acquiring an additional 46,391 shares during the period. Voya Investment Management LLC grew its holdings in shares of Hortonworks by 21.3% in the 2nd quarter. Voya Investment Management LLC now owns 21,411 shares of the software maker’s stock worth $276,000 after acquiring an additional 3,766 shares during the period. Finally, State Street Corp grew 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 acquiring an additional 62,903 shares during the period. Institutional investors and hedge funds own 67.52% of the company’s stock.
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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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