Cambridge Investment Research Advisors Inc. Grows Holdings in Red Hat Inc (RHT)

Marco Green
December 7, 2017

The average 1-year price target for (GT) reveals an average price target of $35.29 per share. Sumitomo Mitsui Trust Holdings Inc. grew its position in Red Hat by 9.2% in the 3rd quarter. It has outperformed by 20.71% the S&P500.

Champlain Investment Partners Llc decreased its stake in Red Hat Inc. Sei Invests owns 209,268 shares.

Bb&T Corp decreased Paychex Inc (NASDAQ:PAYX) stake by 8,244 shares to 21,000 valued at $1.20 million in 2017Q2. Parametric Portfolio Associates Llc who had been investing in Hub Group Inc for a number of months, seems to be bullish on the $1.60B market cap company.

Looking into last 5 trades, the stock observed a return of nearly -6.15%. The stock was sold at an average price of $114.79, for a total value of $1,607,060.00. (NYSE:RHT) for 158,135 shares. It has outperformed by 2.27% the S&P500.The move comes after 7 months positive chart setup for the $21.55B company. Westfield Capital Management Company Lp reported 641,422 shares. (NYSE: RHT) expressed a change of 1.34% and is now trading at $121.92. Therefore 24% are positive. Red Hat had 94 analyst reports since August 25, 2015 according to SRatingsIntel. Drexel Hamilton reiterated a "buy" rating and set a $105.00 price objective on shares of Red Hat in a research note on Friday, March 24th. The company has a market capitalization of $21,449.83, a PE ratio of 66.10, a PEG ratio of 3.82 and a beta of 1.19. The stock has "Hold" rating by Stifel Nicolaus on Thursday, December 22. (NYSE:RHT) on Friday, August 25 with "Buy" rating. (NYSE:RHT) on Thursday, June 23 with "Outperform" rating. KeyBanc Capital Markets has "Buy" rating and $135.0 target. (NYSE:RHT) or 3,000 shares. The stock has "Hold" rating by Zacks on Tuesday, August 25. (NYSE:RHT) to report $0.50 EPS on December, 20.They anticipate $0.08 EPS change or 19.05% from last quarter's $0.42 EPS. During the same quarter in the prior year, the business earned $0.55 EPS. RHT's profit will be $88.47 million for 60.52 P/E if the $0.50 EPS becomes a reality. Citigroup maintained the shares of RHT in report on Wednesday, March 23 with "Buy" rating. BMO Capital Markets downgraded Red Hat, Inc. (NYSE:RHT) was released by: Businesswire.com and their article: "Orange and Red Hat Join Forces to Spearhead Network Virtualization Innovation" with publication date: November 07, 2017. More interesting news about Red Hat, Inc.

The institutional investor owned 4,934 shares of the open-source software company's stock after acquiring an additional 1,655 shares during the period. Its up 0.05, from 1.11 in 2017Q1. It turned negative, as 25 investors sold RHT shares while 161 reduced holdings. Alyeska Investment Group L.P. now owns 248,925 shares of the open-source software company's stock worth $17,350,000 after buying an additional 77,249 shares during the period. The open-source software company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.10. Finally, State of Alaska Department of Revenue bought a new stake in shares of Red Hat during the 2nd quarter worth $122,000. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since December 6, 2016 and is uptrending.

Sustainable Growth Advisers Lp decreased Red Hat Inc (RHT) stake by 11.54% reported in 2017Q2 SEC filing. Hightower Advisors Limited Liability Company reported 0.49% in Amazon.com, Inc. Deroy And Devereaux Private Counsel invested in 0.03% or 269 shares. Hbk Invs LP reported 98,750 shares. Penn Davis Mcfarland Inc holds 1.42% or 209,040 shares. (NYSE:RHT). Etrade Capital Limited Co owns 18,647 shares. Toronto Dominion Bank now owns 48,126 shares of the open-source software company's stock worth $4,163,000 after buying an additional 17,143 shares during the period.

In other Red Hat news, insider Michael A. Kelly sold 2,888 shares of the firm's stock in a transaction that occurred on Wednesday, October 18th.

Investors sentiment increased to 1.16 in 2017 Q2. (NYSE:RHT). Barbara Oil holds 11,000 shares or 0.76% of its portfolio.

Champlain Investment Partners Llc, which manages about $6.04 billion and $8.18 billion US Long portfolio, upped its stake in Commvault Systems Inc. It also reduced its holding in International Game Technology by 56,561 shares in the quarter, leaving it with 361,927 shares, and cut its stake in Mack Cali Rlty Corp Com Reit (NYSE:CLI).

Analysts await Caterpillar Inc. Cornerstone Advsrs Incorporated reported 0.09% in Norfolk Southern Corporation (NYSE:NSC). The 1 year EPS growth rate is 29.50%. Finally, Mizuho reissued a "buy" rating and issued a $125.00 target price (up previously from $109.00) on shares of Red Hat in a report on Tuesday, September 26th.

Investors sentiment increased to 0.96 in Q2 2017.

The Standard & Poor's 500 index was up 1 point, or 0.1 percent, to 2,641, as of 10:05 a.m. 73 funds opened positions while 295 raised stakes. The shares were sold at an average price of $111.15, for a total transaction of $1,333,800.00. Rhumbline Advisers has invested 0% in Alexander's, Inc. Paradigm Asset Ltd Liability Corp invested 0% of its portfolio in The Mosaic Company (NYSE:MOS). (NYSE:RHT) rating on Monday, November 28. Amalgamated Bankshares reported 91,278 shares or 0.14% of all its holdings. M Secs holds 0.11% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 2,557 shares. Capital Mgmt Va accumulated 298 shares. (NYSE:CAT). Bancorp Of Nova Scotia holds 132,897 shares. (NASDAQ:AMZN). Blackhill Capital Inc holds 0.01% or 80 shares. Valicenti Advisory accumulated 0.82% or 15,940 shares. Ubs Asset Management Americas Inc reported 881,867 shares. 59,878 were reported by Canada Pension Plan Inv Board. Bill Melinda Gates Foundation has invested 5.24% of its portfolio in Caterpillar Inc. Susquehanna Intl Gru Ltd Liability Partnership holds 0% or 900 shares in its portfolio.

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