Macquarie Group Ltd. Purchases 7,947 Shares of Hortonworks Inc (HDP)

Macquarie Group Ltd. boosted its position in Hortonworks Inc (NASDAQ:HDP) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,773 shares of the software maker’s stock after acquiring an additional 7,947 shares during the period. Macquarie Group Ltd. owned 0.15% of Hortonworks worth $1,810,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nikko Asset Management Americas Inc. boosted its holdings in Hortonworks by 885.5% during the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock worth $8,682,000 after buying an additional 605,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Hortonworks by 862.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,500 shares of the software maker’s stock worth $8,378,000 after buying an additional 582,900 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Hortonworks by 71.4% during the second quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock worth $12,756,000 after buying an additional 412,539 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Hortonworks by 13.6% during the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after buying an additional 389,514 shares during the last quarter. Finally, Broadview Advisors LLC bought a new position in Hortonworks during the second quarter worth about $4,485,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

Shares of Hortonworks Inc (HDP) opened at $19.00 on Thursday. Hortonworks Inc has a 1 year low of $8.02 and a 1 year high of $20.66.

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

A number of equities analysts have issued reports on the company. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Drexel Hamilton reaffirmed a “buy” rating and set a $26.00 price target on shares of Hortonworks in a research report on Monday, November 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of Hortonworks in a research report on Friday, November 3rd. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, November 7th. Finally, Credit Suisse Group began coverage on Hortonworks in a research report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hortonworks currently has a consensus rating of “Buy” and a consensus target price of $20.46.

In related news, insider Scott Davidson sold 18,068 shares of Hortonworks stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $18.41, for a total value of $332,631.88. Following the sale, the insider now owns 1,005,311 shares of the company’s stock, valued at approximately $18,507,775.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Bearden sold 250,000 shares of Hortonworks stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $17.13, for a total value of $4,282,500.00. Following the completion of the sale, the chief executive officer now directly owns 341,747 shares in the company, valued at approximately $5,854,126.11. The disclosure for this sale can be found here. In the last three months, insiders sold 1,057,762 shares of company stock worth $19,010,623. 22.50% of the stock is owned by insiders.

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Hortonworks 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.

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Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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