AQR Arbitrage LLC Boosts Stock Position in HashiCorp, Inc. (NASDAQ:HCP)

AQR Arbitrage LLC boosted its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 56.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,933,854 shares of the company’s stock after purchasing an additional 695,729 shares during the quarter. HashiCorp comprises approximately 1.5% of AQR Arbitrage LLC’s holdings, making the stock its 10th largest position. AQR Arbitrage LLC owned about 0.95% of HashiCorp worth $66,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCP. Vanguard Group Inc. boosted its position in shares of HashiCorp by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock valued at $559,347,000 after acquiring an additional 611,447 shares during the period. Norges Bank acquired a new position in HashiCorp during the 4th quarter valued at $161,190,000. Westchester Capital Management LLC boosted its holdings in HashiCorp by 0.5% in the 4th quarter. Westchester Capital Management LLC now owns 3,217,643 shares of the company’s stock valued at $110,076,000 after purchasing an additional 17,321 shares during the period. Geode Capital Management LLC grew its position in HashiCorp by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,585,092 shares of the company’s stock worth $88,465,000 after purchasing an additional 63,090 shares during the last quarter. Finally, Alpine Associates Management Inc. increased its holdings in shares of HashiCorp by 11.8% during the 4th quarter. Alpine Associates Management Inc. now owns 2,394,854 shares of the company’s stock worth $81,928,000 after purchasing an additional 252,700 shares during the period. Institutional investors and hedge funds own 86.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of HashiCorp in a research note on Thursday. They issued a “hold” rating for the company.

HashiCorp Price Performance

Shares of HCP stock opened at $34.78 on Thursday. HashiCorp, Inc. has a one year low of $32.46 and a one year high of $34.85. The stock has a fifty day moving average price of $34.78 and a 200 day moving average price of $34.29. The stock has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18.

HashiCorp Profile

HashiCorp, Inc engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up.