Nomura Reiterates $26.00 Price Target for Hortonworks (HDP)

Hortonworks (NASDAQ:HDP) received a $26.00 price target from equities researchers at Nomura in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the software maker’s stock. Nomura’s price objective indicates a potential upside of 55.78% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a report on Saturday, November 10th. ValuEngine downgraded Hortonworks from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Citigroup set a $33.00 price target on Hortonworks and gave the stock a “buy” rating in a research note on Friday, November 9th. BidaskClub downgraded Hortonworks from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, DA Davidson lifted their price target on Hortonworks from $24.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $26.27.

Hortonworks stock traded up $1.54 during midday trading on Thursday, reaching $16.69. The company’s stock had a trading volume of 437,594 shares, compared to its average volume of 1,151,628. Hortonworks has a fifty-two week low of $13.63 and a fifty-two week high of $26.22. The company has a market cap of $1.27 billion, a P/E ratio of -5.45 and a beta of 1.67.

Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, November 8th. The software maker reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.11. The business had revenue of $87.20 million during the quarter, compared to analyst estimates of $87.07 million. During the same period last year, the business posted ($0.24) EPS. Hortonworks’s revenue was up 26.4% compared to the same quarter last year. On average, equities analysts anticipate that Hortonworks will post -1.81 EPS for the current fiscal year.

In related news, CEO Robert G. Bearden sold 109,200 shares of Hortonworks stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $24.29, for a total transaction of $2,652,468.00. Following the completion of the sale, the chief executive officer now owns 1,191,184 shares in the company, valued at approximately $28,933,859.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott E. Gnau sold 13,750 shares of Hortonworks stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $16.18, for a total value of $222,475.00. Following the sale, the insider now owns 324,490 shares of the company’s stock, valued at approximately $5,250,248.20. The disclosure for this sale can be found here. Insiders have sold a total of 552,112 shares of company stock valued at $11,450,022 in the last ninety days. Corporate insiders own 15.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HDP. Amalgamated Bank purchased a new stake in Hortonworks in the 2nd quarter valued at about $192,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Hortonworks by 192.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 164,512 shares of the software maker’s stock valued at $2,997,000 after buying an additional 108,303 shares during the period. First Trust Advisors LP grew its holdings in Hortonworks by 11.1% in the 2nd quarter. First Trust Advisors LP now owns 172,682 shares of the software maker’s stock valued at $3,146,000 after buying an additional 17,232 shares during the period. Engineers Gate Manager LP grew its holdings in Hortonworks by 34.5% in the 2nd quarter. Engineers Gate Manager LP now owns 127,654 shares of the software maker’s stock valued at $2,326,000 after buying an additional 32,746 shares during the period. Finally, Rhumbline Advisers grew its holdings in Hortonworks by 37.8% in the 2nd quarter. Rhumbline Advisers now owns 64,858 shares of the software maker’s stock valued at $1,182,000 after buying an additional 17,785 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Hortonworks

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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Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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