The stock of Hortonworks Inc (NASDAQ:HDP) is a huge mover today! About 1.37M shares traded hands or 14.17% up from the average. Hortonworks Inc (NASDAQ:HDP) has declined 41.55% since April 4, 2016 and is downtrending. It has underperformed by 42.64% the S&P500.
The move comes after 6 months positive chart setup for the $439.52 million company. It was reported on Nov, 4 by Barchart.com. We have $23.11 PT which if reached, will make NASDAQ:HDP worth $852.67M more.
Hortonworks Inc (NASDAQ:HDP) Ratings Coverage
Out of 15 analysts covering Hortonworks (NASDAQ:HDP), 8 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 53% are positive. Hortonworks has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by Guggenheim with “Neutral” on Tuesday, December 15. The stock of Hortonworks Inc (NASDAQ:HDP) earned “Buy” rating by DA Davidson on Monday, July 11. The rating was downgraded by Needham to “Hold” on Friday, August 5. Mizuho maintained Hortonworks Inc (NASDAQ:HDP) on Thursday, February 11 with “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 5 report. The firm has “Perform” rating given on Monday, January 25 by Oppenheimer. The stock has “Buy” rating given by Mizuho on Tuesday, January 19. Wunderlich maintained Hortonworks Inc (NASDAQ:HDP) rating on Thursday, February 11. Wunderlich has “Buy” rating and $17 price target. The firm has “Buy” rating given on Friday, August 5 by Wunderlich. Pacific Crest downgraded the shares of HDP in a report on Friday, August 5 to “Sector Perform” rating.
According to Zacks Investment Research, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California.”
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.06, from 1.34 in 2016Q1. The ratio improved, as 17 funds sold all Hortonworks Inc shares owned while 18 reduced positions. 14 funds bought stakes while 35 increased positions. They now own 30.22 million shares or 13.03% more from 26.73 million shares in 2016Q1.
Royal Comml Bank Of Canada holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 30,856 shares. Connor Clark & Lunn Inv Mngmt has 0.01% invested in the company for 70,650 shares. Strategic Mngmt Ltd Liability Com reported 16,778 shares or 0.09% of all its holdings. Commercial Bank Of Montreal Can last reported 2,465 shares in the company. Moreover, Great West Life Assurance Can has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 3,693 shares. California State Teachers Retirement System owns 84,580 shares or 0% of their US portfolio. Credit Suisse Ag holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 37,164 shares. Fmr owns 4.59 million shares or 0.01% of their US portfolio. Raging Mgmt Ltd Liability Company has invested 0.11% of its portfolio in Hortonworks Inc (NASDAQ:HDP). Rhumbline Advisers holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 31,335 shares. Moreover, Fifth Third Fincl Bank has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 37,000 shares. Moreover, Natixis Asset has 0.06% invested in Hortonworks Inc (NASDAQ:HDP) for 52,260 shares. Granite Limited Liability last reported 453,957 shares in the company. The Texas-based Carlson Limited Partnership has invested 0.05% in Hortonworks Inc (NASDAQ:HDP). Lazard Asset Llc has invested 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP).
More recent Hortonworks Inc (NASDAQ:HDP) news were published by: Prnewswire.com which released: “Hortonworks to Announce Third Quarter 2016 Results on November 3, 2016” on October 10, 2016. Also Marketwatch.com published the news titled: “Hortonworks surges on strong revenue outlook” on November 03, 2016. Prnewswire.com‘s news article titled: “Webtrends Chooses Hortonworks to Power Its Connected Data Architecture” with publication date: October 12, 2016 was also an interesting one.
HDP Company Profile
Hortonworks, Inc., incorporated on April 15, 2011, is a well-known provider and distributor of an enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). The Firm provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF. The Company’s Data at Rest solution, the HDP, is an enterprise-scale data management platform built entirely on open source software, including Apache Hadoop. HDP combines computer servers with local storage and open source software technology to create a distributed compute and storage platform for data sets that is secure and scalable over petabytes of data within thousands of servers or nodes.
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