Vanguard Group Inc. Has $559.35 Million Position in HashiCorp, Inc. (NASDAQ:HCP)

Vanguard Group Inc. grew its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,350,402 shares of the company’s stock after purchasing an additional 611,447 shares during the quarter. Vanguard Group Inc. owned about 8.00% of HashiCorp worth $559,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HCP. State Street Corp lifted its stake in HashiCorp by 14.5% in the third quarter. State Street Corp now owns 2,239,850 shares of the company’s stock valued at $75,841,000 after buying an additional 282,965 shares during the period. Syquant Capital Sas acquired a new position in shares of HashiCorp during the 4th quarter valued at $18,554,000. Geode Capital Management LLC boosted its stake in HashiCorp by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after acquiring an additional 385,118 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in HashiCorp by 42.7% in the fourth quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock worth $8,268,000 after purchasing an additional 72,088 shares during the period. Finally, Principal Financial Group Inc. increased its stake in HashiCorp by 41.9% in the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock valued at $390,000 after purchasing an additional 3,399 shares in the last quarter. Institutional investors own 86.25% of the company’s stock.

Wall Street Analyst Weigh In

HCP has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.40.

HashiCorp Stock Performance

Shares of NASDAQ:HCP opened at $34.78 on Tuesday. The stock has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The stock’s fifty day simple moving average is $34.53 and its two-hundred day simple moving average is $34.15. HashiCorp, Inc. has a 1-year low of $23.00 and a 1-year high of $34.85.

HashiCorp Company Profile

HashiCorp, Inc engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up.