Red Hat Inc (NYSE:RHT) Sees Significantly Higher Trading Volume

Elias Hubbard
November 18, 2017

With 59,600 avg volume, 9 days are for RE/MAX Holdings Incorporated (NYSE:RMAX)'s short sellers to cover RMAX's short positions. Discover Financial Services (DFS) has risen 10.42% since November 16, 2016 and is uptrending. It has outperformed by 5.77% the S&P500.

Analysts await Red Hat Inc (NYSE:RHT) to report earnings on December, 20. RHT's profit would be $88.48 million giving it 61.91 P/E if the $0.50 EPS is correct. The lowest target is $70.0 while the high is $95.0. The stock declined 0.64% or $0.8 reaching $123.69 per share. About 50 shares traded.

More notable recent Red Hat Inc (NYSE:RHT) news were published by: Businesswire.com which released: "Red Hat Improves IT Flexibility and Reduces Complexity with Linux Containers ..." on November 05, 2017, also Nasdaq.com with their article: "Physicians Financial Services, Inc". It has outperformed by 2.27% the S&P500. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Therefore 63% are positive. Dekabank Deutsche Girozentrale reported 0.01% of its portfolio in Red Hat Inc (NYSE:RHT). The firm has "Neutral" rating given on Friday, January 6 by Susquehanna. The company was maintained on Tuesday, March 28 by Stifel Nicolaus. The rating was maintained by JP Morgan on Monday, October 30 with "Overweight".

The average Wall Street analyst rating for Red Hat, Inc.is Strong Buy, according to the average of 25 analyst scores. On Monday, August 7 the stock rating was downgraded by Stephens to "Equal-Weight". The stock has "Outperform" rating by BMO Capital Markets on Thursday, September 22. BMO Capital Markets maintained it with "Hold" rating and $107.0 target in Friday, September 15 report.

RE/MAX Holdings, Inc.is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. Minnesota-based Walleye Trading Limited has invested 0.01% in Red Hat Inc (NYSE:RHT). The Firm operates in well-known provider of software solutions segment. It has a 43.23 P/E ratio.

Since May 18, 2017, it had 0 buys, and 2 insider sales for $1.24 million activity. The shares were sold at an average price of $111.15, for a total value of $1,333,800.00. 13 funds opened positions while 51 raised stakes. Following the transaction, the insider now directly owns 8,751 shares of the company's stock, valued at $1,059,133.53. Sandhill Cap Lc owns 148,180 shares. Davis R M invested in 0.95% or 387,311 shares. X Management Co Ltd Co holds 0% of its portfolio in Red Hat Inc (NYSE:RHT) for 1,542 shares. Acadian Asset Mgmt Limited Liability Co accumulated 590 shares. Dynamic Capital Management Ltd claims 94,130 shares worth $10,435,000. Red Hat, Inc. The stock has a market cap of $22,410.00, a price-to-earnings ratio of 68.40, a P/E/G ratio of 3.96 and a beta of 1.18. It has a 74.28 P/E ratio. The Business's products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 1 Sell and 8 Hold. Therefore 87% are positive. Zacks Investment Research cut Red Hat from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 22nd. The firm has "Buy" rating given on Monday, October 30 by Loop Capital. The company was maintained on Sunday, July 23 by RBC Capital Markets. On Wednesday, January 11 the stock rating was initiated by Wells Fargo with "Outperform". Mizuho maintained Red Hat Inc (NYSE:RHT) on Friday, December 18 with "Buy" rating. As per Friday, November 3, the company rating was maintained by SunTrust. The stock has "Buy" rating by Cowen & Co on Friday, September 22. The firm has "Buy" rating given on Tuesday, December 15 by Sidoti. The company holds 177.26 million outstanding shares and 176.04 million shares are floating in market.

Investors sentiment increased to 1.21 in Q2 2017. Its down 0.07, from 1.32 in 2017Q1. It is negative, as 25 investors sold Red Hat Inc shares while 161 reduced holdings.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers owned about 0.19% of Red Hat worth $37,130,000 at the end of the most recent quarter. About 2.41M shares traded. During the same period in the previous year, the company posted $0.55 earnings per share. sell-side analysts anticipate that Red Hat, Inc. will post 2 EPS for the current year. Ubs Asset Americas stated it has 673,656 shares or 0% of all its holdings. Glenmede Na has invested 0% in Red Hat Inc (NYSE:RHT). 3,750 were accumulated by Schaper Benz & Wise Invest Counsel Wi. Fincl Bank Of Montreal Can reported 0.05% of its portfolio in Red Hat Inc (NYSE:RHT). Blackrock has invested 0.06% of its portfolio in Red Hat Inc (NYSE:RHT). Chevy Chase Trust reported 0.13% stake. Aperio Gru Ltd stated it has 67,773 shares.

How Active Are Red Hat, Inc. Independent Port Consultants has invested 0.01% of its portfolio in Red Hat Inc (NYSE:RHT). Parametrica Management Limited has invested 0.36% of its portfolio in Red Hat Inc (NYSE:RHT).

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