Today’s Stock On Watch: What Will Happen to Hortonworks Inc Next? The Stock Just Increased A Lot

Today's Stock On Watch: What Will Happen to Hortonworks Inc Next? The Stock Just Increased A Lot

The stock of Hortonworks Inc (NASDAQ:HDP) is a huge mover today! About 471,653 shares traded hands. Hortonworks Inc (NASDAQ:HDP) has declined 31.06% since March 3, 2016 and is downtrending. It has underperformed by 39.40% the S&P500.
The move comes after 8 months positive chart setup for the $447.86 million company. It was reported on Oct, 6 by Barchart.com. We have $14.28 PT which if reached, will make NASDAQ:HDP worth $376.20 million more.

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. The stock of Hortonworks Inc (NASDAQ:HDP) has “Neutral” rating given on Thursday, February 11 by Susquehanna. As per Wednesday, February 3, the company rating was maintained by Credit Suisse. The rating was maintained by Wunderlich on Friday, August 5 with “Buy”. The stock of Hortonworks Inc (NASDAQ:HDP) has “Sector Perform” rating given on Friday, August 5 by Pacific Crest. As per Thursday, February 4, the company rating was maintained by Barclays Capital. The firm has “Neutral” rating given on Friday, August 5 by Mizuho. The stock has “Buy” rating given by Goldman Sachs on Friday, December 11. Needham initiated Hortonworks Inc (NASDAQ:HDP) rating on Friday, November 20. Needham has “Buy” rating and $21.0 price target. The stock has “Perform” rating given by Oppenheimer on Monday, January 25. The firm has “Hold” rating given on Friday, August 5 by Needham.

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.
New Jersey Better Educational Savings Tru has invested 0.22% of its portfolio in Hortonworks Inc (NASDAQ:HDP). Croft has 43,300 shares for 0.1% of their US portfolio. Partner Fund Management Limited Partnership has 1.17 million shares for 0.38% of their US portfolio. Susquehanna Gp Ltd Liability Partnership has 27,474 shares for 0% of their US portfolio. State Of New Jersey Common Pension Fund D has invested 0.02% of its portfolio in Hortonworks Inc (NASDAQ:HDP). Blackrock holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 5,220 shares. Citigroup Incorporated, a New York-based fund reported 472,786 shares. Financial Bank Of New York Mellon Corporation holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 176,348 shares. The Virginia-based Strategic Management Ltd Limited Liability Company has invested 0.09% in Hortonworks Inc (NASDAQ:HDP). The Georgia-based Suntrust Banks Incorporated has invested 0% in Hortonworks Inc (NASDAQ:HDP). Moreover, Teachers Advsr has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 64,117 shares. Moreover, Manufacturers Life Insurance The has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 28,185 shares. Massachusetts Financial Com Ma reported 245,500 shares or 0% of all its holdings. Vanguard Group Inc Inc has invested 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP). Creative Planning reported 1,618 shares or 0% of all its holdings.

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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