State of New Jersey Common Pension Fund D Has $6.32 Million Holdings in Hortonworks (HDP)

State of New Jersey Common Pension Fund D boosted its position in shares of Hortonworks (NASDAQ:HDP) by 6.9% in the 1st quarter, HoldingsChannel reports. The fund owned 310,000 shares of the software maker’s stock after acquiring an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hortonworks were worth $6,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its holdings in Hortonworks by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,900 shares of the software maker’s stock worth $18,258,000 after acquiring an additional 3,850 shares in the last quarter. Gradient Investments LLC lifted its position in shares of Hortonworks by 21.8% during the 4th quarter. Gradient Investments LLC now owns 25,629 shares of the software maker’s stock worth $515,000 after buying an additional 4,581 shares during the last quarter. Swiss National Bank lifted its position in shares of Hortonworks by 7.8% during the 1st quarter. Swiss National Bank now owns 86,200 shares of the software maker’s stock worth $1,756,000 after buying an additional 6,200 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hortonworks by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 291,283 shares of the software maker’s stock worth $5,858,000 after buying an additional 7,328 shares during the last quarter. Finally, QS Investors LLC lifted its position in shares of Hortonworks by 2.7% during the 4th quarter. QS Investors LLC now owns 331,231 shares of the software maker’s stock worth $6,661,000 after buying an additional 8,862 shares during the last quarter. Institutional investors own 66.58% of the company’s stock.

Several analysts have recently weighed in on HDP shares. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, May 11th. ValuEngine upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Thursday, May 3rd. DA Davidson started coverage on shares of Hortonworks in a research report on Friday, March 9th. They set a “buy” rating and a $24.00 price objective for the company. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Monness Crespi & Hardt upgraded shares of Hortonworks from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $22.33.

HDP stock opened at $17.54 on Tuesday. Hortonworks has a 12 month low of $11.50 and a 12 month high of $22.00. The firm has a market capitalization of $1.35 billion, a P/E ratio of -5.73 and a beta of 1.42.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.07. The business had revenue of $79.06 million during the quarter, compared to analysts’ expectations of $75.26 million. During the same quarter last year, the company earned ($0.50) EPS. The firm’s revenue for the quarter was up 41.3% compared to the same quarter last year. equities analysts forecast that Hortonworks will post -2.14 earnings per share for the current year.

In other Hortonworks news, CEO Robert G. Bearden sold 113,900 shares of the company’s stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $16.70, for a total transaction of $1,902,130.00. Following the completion of the transaction, the chief executive officer now owns 1,659,830 shares in the company, valued at approximately $27,719,161. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Scott E. Gnau sold 20,000 shares of the company’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $18.51, for a total transaction of $370,200.00. Following the transaction, the chief technology officer now owns 385,771 shares of the company’s stock, valued at approximately $7,140,621.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,632,215 shares of company stock valued at $30,082,724. 15.60% of the stock is owned by insiders.

Hortonworks Profile

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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Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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