Exclusive: Could Hortonworks Inc Gain Strenght? The Stock Reaches 1 Year Low

Exclusive: Could Hortonworks Inc Gain Strenght? The Stock Reaches 1 Year Low

The stock of Hortonworks Inc (NASDAQ:HDP) is a huge mover today! The stock decreased 2.22% or $0.19 during the last trading session, hitting $8.35. About 700,776 shares traded hands. Hortonworks Inc (NASDAQ:HDP) has declined 27.71% since February 29, 2016 and is downtrending. It has underperformed by 38.13% the S&P500.
The move comes after 5 months negative chart setup for the $486.00 million company. It was reported on Oct, 1 by Barchart.com. We have $7.35 PT which if reached, will make NASDAQ:HDP worth $58.32M less.

Analysts await Hortonworks Inc (NASDAQ:HDP) to report earnings on November, 2. They expect $-0.99 earnings per share, up 1.00% or $0.01 from last year’s $-1 per share. After $-1.11 actual earnings per share reported by Hortonworks Inc for the previous quarter, Wall Street now forecasts -10.81% EPS growth.

Hortonworks Inc (NASDAQ:HDP) Ratings Coverage

Out of 15 analysts covering Hortonworks (NASDAQ:HDP), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. Hortonworks has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Wunderlich maintained it with “Buy” rating and $36.0 target price in Thursday, August 6 report. The stock of Hortonworks Inc (NASDAQ:HDP) has “Buy” rating given on Thursday, February 11 by Mizuho. The firm has “Perform” rating by Oppenheimer given on Monday, January 25. The stock has “Buy” rating given by Needham on Friday, November 20. The rating was maintained by Wunderlich with “Buy” on Thursday, February 11. As per Friday, August 5, the company rating was downgraded by Needham. The stock of Hortonworks Inc (NASDAQ:HDP) earned “Overweight” rating by Barclays Capital on Thursday, February 4. The stock of Hortonworks Inc (NASDAQ:HDP) has “Outperform” rating given on Friday, August 5 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, January 19 by Mizuho. As per Thursday, November 5, the company rating was maintained by Oppenheimer.

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 Q2 2016. Its up 0.06, from 1.34 in 2016Q1. The ratio is positive, 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.
Millennium Mngmt Ltd Company, a New York-based fund reported 138,256 shares. South Dakota Council has 0.03% invested in the company for 117,861 shares. Envestnet Asset, a Illinois-based fund reported 4,755 shares. Moreover, Credit Suisse Ag has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 37,164 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 1,592 shares. Royal State Bank Of Canada has invested 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP). New York State Common Retirement Fund reported 83,510 shares or 0% of all its holdings. Voya Inv Management Ltd Liability Corp owns 17,645 shares or 0% of their US portfolio. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Hortonworks Inc (NASDAQ:HDP). Tower Research Ltd Com (Trc) accumulated 0% or 500 shares. Connor Clark & Lunn Inv Management Ltd has 0.01% invested in the company for 70,650 shares. Old Mutual Investors (Uk) Limited last reported 4,059 shares in the company. Lazard Asset Mngmt Llc last reported 0% of its portfolio in the stock. Granite Investment Ltd Liability Company last reported 453,957 shares in the company. Massachusetts Ma, a Massachusetts-based fund reported 245,500 shares.

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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