What Can We Expect From Hortonworks (NASDAQ:HDP) After Goldman Sachs’s Latest Coverage?


Why Has Goldman Sachs Given Hortonworks (NASDAQ:HDP) a $25.00 Price Target

The financial firm Goldman Sachs has today initiated coverage on Hortonworks (NASDAQ:HDP) shares, with a Buy rating, while having set the TP at $25.00.

From a total of 12 analysts covering Hortonworks (NASDAQ:HDP) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $40 while the lowest target price is $17. The mean of all analyst targets is $29.42 with a 51.00% above today’s ($20.53) stock price. Hortonworks was the topic of 6 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Needham initiated shares on November 20 with “Buy” rating. Wunderlich maintained HDP stock in a recent report from August 6 with “Buy” rating.

Approximately 499,669 shares of stock traded hands. Hortonworks Inc (NASDAQ:HDP) has declined 0.10% since May 8, 2015 and is downtrending. It has outperformed by 2.92% the S&P500.

The overall sentiment of institutions has decreased to 1.4 in Q2 2015. Its down 0.70, from 2.1 in 2015Q2. The ratio turned negative, as 20 institutions have sold all the shares of Hortonworks Inc that they owned while 23 funds have taken shares off the table. 25 funds have purchased shares for the first time while 35 added to their positions. These institutions now hold 22.79 million shares or 48.18% more than the 15.38 million shares they owned in 2015Q2.

The Fund Contour Asset Management Llc currently is holding shares equating to 1.39% of its total portfolio in Hortonworks Inc representing a total of 1.10 million shares. Another fund,Cupps Capital Management Llc, is holding a total of 449,015 shares equating to 1.31% of their holdings. Additionally, Dragoneer Investment Group Llc has a 125,000 share stake in Hortonworks Inc which represents 1.08% of their total portfolio. The Fund, Passport Capital Llc, based out of California, has also built up a stake in the stock, which represents a total of 1.02% of their total portfolio. Finally Pier Capital Llc, a fund which is based in the state of Connecticut reported a total holdings of 282,384 shares.

Hortonworks, Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform . The company has a market cap of $925.98 million. The Company’s platform integrates with data center technologies to enable data architectures and enables its clients to collect, store, process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It currently has negative earnings. It provides support subscription offerings and related professional services around the HDP, which is its open source software distribution of Apache Hadoop and associated projects.

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.” Get a free copy of the Zacks research report on Hortonworks Inc (HDP).