Hortonworks (HDP) Rating Lowered to Neutral at Credit Suisse Group

Hortonworks (NASDAQ:HDP) was downgraded by equities research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report issued on Tuesday.

A number of other research analysts have also issued reports on HDP. Mizuho restated a “hold” rating and set a $14.00 price objective on shares of Hortonworks in a research report on Thursday, November 2nd. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a research report on Friday, November 3rd. Drexel Hamilton restated a “buy” rating and set a $26.00 price objective on shares of Hortonworks in a research report on Monday, November 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research report on Tuesday, December 12th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.92.

Shares of Hortonworks (NASDAQ:HDP) opened at $21.34 on Tuesday. Hortonworks has a twelve month low of $8.74 and a twelve month high of $22.00. The firm has a market capitalization of $1,505.16, a P/E ratio of -6.33 and a beta of 1.66.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. During the same quarter last year, the firm posted ($0.68) earnings per share. Hortonworks’s revenue was up 45.3% compared to the same quarter last year. sell-side analysts expect that Hortonworks will post -2.98 EPS for the current year.

In other news, insider Shaun Connolly sold 8,863 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $19.68, for a total value of $174,423.84. Following the completion of the sale, the insider now owns 235,986 shares in the company, valued at $4,644,204.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Reasoner sold 2,364 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total value of $38,840.52. Following the completion of the sale, the insider now owns 249,321 shares of the company’s stock, valued at approximately $4,096,344.03. The disclosure for this sale can be found here. Insiders have sold a total of 763,762 shares of company stock valued at $14,819,474 in the last quarter. 22.50% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. ETF Managers Group LLC acquired a new stake in shares of Hortonworks during the second quarter worth $125,000. Legal & General Group Plc raised its position in shares of Hortonworks by 8.1% during the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after purchasing an additional 837 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Hortonworks by 15.9% during the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after purchasing an additional 1,700 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Hortonworks during the second quarter worth $170,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Hortonworks during the second quarter worth $173,000. Institutional investors and hedge funds own 57.60% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.truebluetribune.com/2018/01/16/hortonworks-hdp-rating-lowered-to-neutral-at-credit-suisse-group.html.

About Hortonworks

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)

Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply