HashiCorp, Inc. (NASDAQ:HCP) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its stake in HashiCorp, Inc. (NASDAQ:HCP) by 20.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 790,065 shares of the company’s stock after acquiring an additional 134,170 shares during the quarter. Northern Trust Corp owned approximately 0.39% of HashiCorp worth $27,028,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of HashiCorp by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock valued at $559,347,000 after buying an additional 611,447 shares in the last quarter. Norges Bank acquired a new stake in HashiCorp during the fourth quarter valued at $161,190,000. Westchester Capital Management LLC boosted its position in HashiCorp by 0.5% during the fourth quarter. Westchester Capital Management LLC now owns 3,217,643 shares of the company’s stock valued at $110,076,000 after purchasing an additional 17,321 shares during the last quarter. Geode Capital Management LLC boosted its position in HashiCorp by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,585,092 shares of the company’s stock valued at $88,465,000 after purchasing an additional 63,090 shares during the last quarter. Finally, Alpine Associates Management Inc. boosted its position in HashiCorp by 11.8% during the fourth quarter. Alpine Associates Management Inc. now owns 2,394,854 shares of the company’s stock valued at $81,928,000 after purchasing an additional 252,700 shares during the last quarter. 86.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on HashiCorp in a research report on Wednesday, May 7th. They set a “hold” rating for the company.

HashiCorp Stock Performance

HCP opened at $34.78 on Monday. The company has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The stock has a 50-day moving average of $34.78 and a 200-day moving average of $34.35. HashiCorp, Inc. has a 52-week low of $32.75 and a 52-week high of $34.85.

About HashiCorp

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.