Arrowstreet Capital Limited Partnership Has $3.56 Million Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Arrowstreet Capital Limited Partnership raised its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 270.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,911 shares of the company’s stock after buying an additional 75,897 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.05% of HashiCorp worth $3,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Highbridge Capital Management LLC boosted its position in shares of HashiCorp by 17.0% in the fourth quarter. Highbridge Capital Management LLC now owns 998,230 shares of the company’s stock worth $34,149,000 after buying an additional 144,890 shares during the period. Pictet Asset Management Holding SA raised its position in HashiCorp by 12.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 20,844 shares of the company’s stock valued at $713,000 after buying an additional 2,260 shares during the period. Norges Bank purchased a new stake in HashiCorp in the 4th quarter worth about $161,190,000. Mint Tower Capital Management B.V. acquired a new stake in HashiCorp during the 4th quarter worth about $2,138,000. Finally, Vanguard Group Inc. boosted its position in HashiCorp by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock worth $559,347,000 after acquiring an additional 611,447 shares during the period. 86.25% of the stock is currently owned by institutional investors and hedge funds.

HashiCorp Price Performance

Shares of HCP opened at $34.78 on Wednesday. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The company’s fifty day moving average is $34.60 and its 200-day moving average is $34.19. HashiCorp, Inc. has a 12 month low of $23.00 and a 12 month high of $34.85.

Analyst Upgrades and Downgrades

HCP has been the subject of a number of research analyst reports. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com assumed coverage on shares of HashiCorp in a research report on Monday. They issued a “hold” rating for the company. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat, HashiCorp currently has a consensus rating of “Hold” and a consensus price target of $34.40.

HashiCorp 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.