Wesbanco Bank Inc. increased its holdings in shares of Hortonworks Inc (NASDAQ:HDP) by 211.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,869 shares of the software maker’s stock after purchasing an additional 72,592 shares during the period. Wesbanco Bank Inc. owned approximately 0.13% of Hortonworks worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Oppenheimer Asset Management Inc. purchased a new position in Hortonworks in the fourth quarter valued at $76,000. New Jersey Better Educational Savings Trust raised its stake in Hortonworks by 20.0% during the fourth quarter. New Jersey Better Educational Savings Trust now owns 12,000 shares of the software maker’s stock worth $173,000 after purchasing an additional 2,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Hortonworks during the fourth quarter worth about $199,000. Ashfield Capital Partners LLC purchased a new position in Hortonworks during the third quarter worth about $205,000. Finally, Advisors Asset Management Inc. purchased a new position in Hortonworks during the second quarter worth about $226,000. 80.93% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on HDP shares. BidaskClub downgraded shares of Hortonworks from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Nomura set a $26.00 price target on shares of Hortonworks and gave the company a “buy” rating in a research note on Thursday, December 6th. Citigroup set a $33.00 price target on shares of Hortonworks and gave the company a “buy” rating in a research note on Friday, November 9th. ValuEngine downgraded shares of Hortonworks from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Finally, Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating and set a $17.00 price target on the stock in a research note on Saturday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $26.86.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.11. The firm had revenue of $87.20 million for the quarter, compared to analyst estimates of $87.07 million. During the same quarter last year, the firm earned ($0.24) EPS. The company’s revenue was up 26.4% on a year-over-year basis. As a group, research analysts expect that Hortonworks Inc will post -1.81 EPS for the current fiscal year.
In related news, insider Scott Reasoner sold 8,387 shares of the stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $14.80, for a total transaction of $124,127.60. Following the completion of the sale, the insider now owns 153,325 shares in the company, valued at approximately $2,269,210. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Bearden sold 74,449 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $15.43, for a total transaction of $1,148,748.07. Following the sale, the chief executive officer now owns 1,116,735 shares of the company’s stock, valued at approximately $17,231,221.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,622 shares of company stock valued at $1,728,730. Company insiders own 15.60% of the company’s stock.
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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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