Hortonworks Inc (HDP) Receives Consensus Rating of “Buy” from Brokerages

Shares of Hortonworks Inc (NASDAQ:HDP) have been given an average rating of “Buy” by the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.85.

Several analysts recently issued reports on HDP shares. Royal Bank of Canada reiterated a “buy” rating and issued a $16.00 price target on shares of Hortonworks in a report on Sunday, September 17th. BidaskClub downgraded Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Barclays increased their price target on Hortonworks from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, November 7th. Finally, Mizuho reiterated a “hold” rating and issued a $14.00 price target on shares of Hortonworks in a report on Thursday, November 2nd.

In other news, insider Scott Reasoner sold 2,364 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total transaction of $38,840.52. Following the transaction, the insider now owns 249,321 shares of the company’s stock, valued at $4,096,344.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shaun Connolly sold 8,864 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $16.77, for a total transaction of $148,649.28. The disclosure for this sale can be found here. Insiders have sold 671,790 shares of company stock valued at $12,869,492 over the last 90 days. Insiders own 22.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 389,514 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Hortonworks by 8.3% during the third quarter. Allianz Asset Management GmbH now owns 1,342,579 shares of the software maker’s stock worth $22,757,000 after purchasing an additional 102,396 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Hortonworks by 51.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 985,918 shares of the software maker’s stock worth $16,711,000 after purchasing an additional 335,418 shares during the last quarter. Ark Investment Management LLC lifted its position in shares of Hortonworks by 5.9% during the second quarter. Ark Investment Management LLC now owns 837,483 shares of the software maker’s stock worth $10,787,000 after purchasing an additional 46,391 shares during the last quarter. Finally, TCW Group Inc. lifted its position in shares of Hortonworks by 16.0% during the third quarter. TCW Group Inc. now owns 793,893 shares of the software maker’s stock worth $13,456,000 after purchasing an additional 109,588 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hortonworks (HDP) opened at $19.86 on Friday. Hortonworks has a twelve month low of $8.02 and a twelve month high of $20.66.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. During the same period in the prior year, the firm earned ($0.68) EPS. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. analysts forecast that Hortonworks will post -2.98 EPS for the current fiscal year.

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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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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