Cubist Systematic Strategies LLC Acquires 74,080 Shares of Hortonworks Inc (HDP)

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Cubist Systematic Strategies LLC raised its holdings in shares of Hortonworks Inc (NASDAQ:HDP) by 337.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 96,029 shares of the software maker’s stock after acquiring an additional 74,080 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Hortonworks were worth $1,750,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HDP. Swiss National Bank raised its stake in shares of Hortonworks by 7.8% during the first quarter. Swiss National Bank now owns 86,200 shares of the software maker’s stock valued at $1,756,000 after purchasing an additional 6,200 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Hortonworks by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 246,695 shares of the software maker’s stock valued at $5,026,000 after purchasing an additional 11,924 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Hortonworks by 94.2% during the first quarter. Neuberger Berman Group LLC now owns 90,700 shares of the software maker’s stock valued at $1,848,000 after purchasing an additional 44,000 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Hortonworks by 6.9% during the first quarter. State of New Jersey Common Pension Fund D now owns 310,000 shares of the software maker’s stock valued at $6,315,000 after purchasing an additional 20,000 shares during the period. Finally, Rothschild Asset Management Inc. purchased a new stake in shares of Hortonworks during the first quarter valued at approximately $1,488,000. 81.33% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on HDP shares. Zacks Investment Research lowered shares of Hortonworks from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. ValuEngine upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Wells Fargo & Co lifted their price objective on shares of Hortonworks to $32.50 and gave the company an “outperform” rating in a research note on Friday. Finally, Nomura started coverage on shares of Hortonworks in a research note on Thursday, June 14th. They set a “buy” rating and a $26.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.17.

Shares of NASDAQ:HDP opened at $25.50 on Friday. Hortonworks Inc has a 12-month low of $15.50 and a 12-month high of $26.22.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.11. The company had revenue of $86.34 million during the quarter, compared to the consensus estimate of $80.34 million. equities analysts expect that Hortonworks Inc will post -1.98 EPS for the current fiscal year.

In other Hortonworks news, CRO Alan Fudge sold 60,350 shares of Hortonworks stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $17.66, for a total value of $1,065,781.00. Following the completion of the transaction, the executive now owns 416,575 shares of the company’s stock, valued at $7,356,714.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Reasoner sold 5,224 shares of Hortonworks stock in a transaction on Friday, June 29th. The stock was sold at an average price of $18.09, for a total transaction of $94,502.16. Following the completion of the transaction, the insider now directly owns 227,957 shares of the company’s stock, valued at approximately $4,123,742.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 878,263 shares of company stock valued at $18,969,192. Insiders own 15.60% of the company’s stock.

About Hortonworks

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

See Also: What are the Different Types of Leveraged Buyouts?

Want to see what other hedge funds are holding HDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hortonworks Inc (NASDAQ:HDP).

Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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