Columbia Partners L L C Investment Management Buys New Holdings in Hortonworks, Inc. (NASDAQ:HDP)

Columbia Partners L L C Investment Management acquired a new stake in Hortonworks, Inc. (NASDAQ:HDP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,784 shares of the software maker’s stock, valued at approximately $843,000. Columbia Partners L L C Investment Management owned about 0.07% of Hortonworks as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of Hortonworks by 14.6% during the first quarter. Bank of New York Mellon Corp now owns 181,652 shares of the software maker’s stock worth $1,782,000 after purchasing an additional 23,149 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Hortonworks by 31.7% during the first quarter. Parametric Portfolio Associates LLC now owns 36,431 shares of the software maker’s stock worth $357,000 after purchasing an additional 8,779 shares during the period. American International Group Inc. increased its stake in shares of Hortonworks by 7.4% during the first quarter. American International Group Inc. now owns 24,917 shares of the software maker’s stock worth $244,000 after purchasing an additional 1,723 shares during the period. Vanguard Group Inc. increased its stake in shares of Hortonworks by 2.6% during the first quarter. Vanguard Group Inc. now owns 2,868,168 shares of the software maker’s stock worth $28,137,000 after purchasing an additional 73,656 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Hortonworks by 20.2% during the first quarter. Geode Capital Management LLC now owns 364,550 shares of the software maker’s stock worth $3,576,000 after purchasing an additional 61,286 shares during the period. 58.81% of the stock is owned by institutional investors.

Shares of Hortonworks, Inc. (HDP) traded down $0.84 during mid-day trading on Monday, hitting $18.19. The company’s stock had a trading volume of 1,732,605 shares, compared to its average volume of 831,263. Hortonworks, Inc. has a 52-week low of $8.02 and a 52-week high of $20.66.

Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million for the quarter, compared to the consensus estimate of $63.11 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 89.35%. The company’s revenue was up 45.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.68) EPS. equities research analysts expect that Hortonworks, Inc. will post -2.98 earnings per share for the current year.

In related news, CEO Robert G. Bearden sold 250,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $17.13, for a total transaction of $4,282,500.00. Following the sale, the chief executive officer now owns 341,747 shares of the company’s stock, valued at approximately $5,854,126.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert G. Bearden sold 148,899 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total value of $2,791,856.25. Following the sale, the chief executive officer now directly owns 2,054,076 shares in the company, valued at approximately $38,513,925. The disclosure for this sale can be found here. In the last ninety days, insiders sold 895,494 shares of company stock worth $15,926,185. Company insiders own 22.50% of the company’s stock.

A number of equities analysts have recently weighed in on HDP shares. Credit Suisse Group started coverage on Hortonworks in a research note on Tuesday, September 5th. They set an “outperform” rating and a $20.00 target price on the stock. Mizuho restated a “hold” rating and set a $14.00 price objective on shares of Hortonworks in a research note on Thursday, November 2nd. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research note on Sunday, September 10th. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a research note on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $20.46.

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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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