Credit Suisse Group reissued their neutral rating on shares of Hortonworks (NASDAQ:HDP) in a report published on Friday. Credit Suisse Group currently has a $24.00 price target on the software maker’s stock, up from their previous price target of $23.00.
Several other equities research analysts also recently weighed in on the stock. DA Davidson began coverage on shares of Hortonworks in a research report on Friday. They set a buy rating and a $24.00 price target for the company. BidaskClub raised shares of Hortonworks from a hold rating to a buy rating in a research report on Wednesday, March 7th. ValuEngine raised shares of Hortonworks from a sell rating to a hold rating in a research report on Friday, February 2nd. Mizuho lifted their target price on shares of Hortonworks from $14.00 to $23.00 and gave the stock a buy rating in a research report on Friday, January 12th. Finally, Barclays downgraded shares of Hortonworks from an overweight rating to an equal weight rating and set a $22.00 target price for the company. in a research report on Monday, January 8th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $22.36.
Shares of Hortonworks (HDP) opened at $20.67 on Friday. Hortonworks has a 1 year low of $9.10 and a 1 year high of $22.00.
In other news, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $20.92, for a total transaction of $43,576.36. Following the completion of the sale, the insider now owns 238,069 shares of the company’s stock, valued at approximately $4,980,403.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michelangelo Volpi sold 135,958 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $18.18, for a total transaction of $2,471,716.44. Following the sale, the director now directly owns 10,838 shares of the company’s stock, valued at approximately $197,034.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,299,286 shares of company stock valued at $24,159,595. 22.50% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of HDP. Elk Creek Partners LLC purchased a new position in shares of Hortonworks during the 3rd quarter valued at $3,152,000. State Street Corp lifted its stake in shares of Hortonworks by 8.8% during the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock valued at $10,036,000 after buying an additional 62,903 shares in the last quarter. Citadel Advisors LLC lifted its stake in shares of Hortonworks by 66.7% during the 3rd quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock valued at $4,523,000 after buying an additional 106,777 shares in the last quarter. Commonwealth Equity Services Inc purchased a new position in shares of Hortonworks during the 3rd quarter valued at $1,333,000. Finally, Northern Trust Corp lifted its stake in shares of Hortonworks by 12.3% during the 2nd quarter. Northern Trust Corp now owns 573,682 shares of the software maker’s stock valued at $7,389,000 after buying an additional 62,673 shares in the last quarter. 67.52% of the stock is owned by hedge funds and other institutional investors.
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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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