Comerica Bank Invests $1.22 Million in Hortonworks, Inc. (HDP)

Comerica Bank bought a new position in shares of Hortonworks, Inc. (NASDAQ:HDP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 93,225 shares of the software maker’s stock, valued at approximately $1,216,000. Comerica Bank owned approximately 0.23% of Hortonworks as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in shares of Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after acquiring an additional 837 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hortonworks by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 210,433 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 28,781 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Hortonworks by 19.5% during the 2nd quarter. Rhumbline Advisers now owns 53,401 shares of the software maker’s stock worth $688,000 after acquiring an additional 8,707 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Hortonworks by 19.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 244,427 shares of the software maker’s stock worth $3,149,000 after acquiring an additional 39,395 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Hortonworks during the 2nd quarter worth about $217,000. 49.62% of the stock is currently owned by institutional investors and hedge funds.

HDP has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Hortonworks in a research note on Wednesday, May 24th. They set an “outperform” rating and a $21.00 target price on the stock. Mizuho downgraded shares of Hortonworks from a “buy” rating to a “neutral” rating and upped their price target for the stock from $13.00 to $14.00 in a research report on Thursday, May 25th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Hortonworks in a research report on Monday, June 12th. Drexel Hamilton restated a “buy” rating and set a $21.00 price target on shares of Hortonworks in a research report on Wednesday, June 14th. Finally, Wunderlich upped their price target on shares of Hortonworks from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. Hortonworks presently has a consensus rating of “Buy” and an average price target of $18.21.

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In other Hortonworks news, insider Greg Pavlik sold 5,532 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $13.35, for a total value of $73,852.20. Following the sale, the insider now owns 263,584 shares of the company’s stock, valued at $3,518,846.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Bearden sold 250,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $17.13, for a total transaction 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. Insiders sold 808,577 shares of company stock worth $12,857,295 in the last ninety days. Insiders own 26.00% of the company’s stock.

Shares of Hortonworks, Inc. (NASDAQ HDP) opened at 16.69 on Friday. The firm has a 50-day moving average of $15.51 and a 200-day moving average of $12.64. Hortonworks, Inc. has a 12-month low of $6.42 and a 12-month high of $17.70. The firm’s market cap is $690.42 million.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, hitting analysts’ consensus estimates of ($0.87). The firm had revenue of $61.83 million for the quarter, compared to the consensus estimate of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The firm’s revenue was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.72) earnings per share. On average, equities analysts forecast that Hortonworks, Inc. will post ($1.72) earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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