Grantham Mayo Van Otterloo & Co. LLC Cuts Stock Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 661,459 shares of the company’s stock after selling 88,074 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.32% of HashiCorp worth $22,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MetLife Investment Management LLC boosted its position in HashiCorp by 43.8% during the 3rd quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock valued at $254,000 after acquiring an additional 2,282 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in HashiCorp by 4.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 276,513 shares of the company’s stock valued at $9,363,000 after purchasing an additional 12,246 shares in the last quarter. State Street Corp grew 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 purchasing an additional 282,965 shares during the last quarter. K2 Principal Fund L.P. grew its stake in HashiCorp by 34.0% in the third quarter. K2 Principal Fund L.P. now owns 117,951 shares of the company’s stock valued at $3,994,000 after purchasing an additional 29,901 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of HashiCorp by 39.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,231 shares of the company’s stock worth $1,735,000 after acquiring an additional 14,555 shares in the last quarter. 86.25% of the stock is currently owned by institutional investors.

HashiCorp Stock Performance

NASDAQ:HCP opened at $34.78 on Friday. The stock has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The company has a fifty day moving average of $34.57 and a two-hundred day moving average of $34.17. HashiCorp, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $34.85.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HCP shares. StockNews.com started coverage on shares of HashiCorp in a research note on Tuesday, April 1st. They issued a “hold” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Ten investment 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 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.