Thrivent Financial For Lutherans Decreased Red Hat INC (RHT) Stake as Shares Rose

June 27, 2018 - By Anthony Rauscher

Red Hat, Inc. (NYSE:RHT) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.86. That’s change of 0.26, from 2017Q4’s 1.12. 46 investors sold all, 214 reduced holdings as RHT ratio dropped. 144 grew positions while 80 funds took positions. Funds hold 160.68 million shares thus 0.87% more from 2017Q4’s 159.29 million shares. 3,897 were reported by Ibm Retirement Fund. Sumitomo Mitsui Tru Holdings owns 692,880 shs. 188,268 are owned by Stephens Inv Mngmt Gp Ltd Limited Liability Company. Guardian Life Of America has invested 0.01% in Red Hat, Inc. (NYSE:RHT). Creative Planning holds 6,695 shs or 0% of its capital. British Columbia Mgmt has invested 0.08% in Red Hat, Inc. (NYSE:RHT). Outfitter Advsrs Ltd reported 6,420 shs. Atria Invs Ltd Limited Liability Company holds 5,173 shs. Shell Asset holds 31,180 shs. Timessquare Capital Mgmt Ltd holds 621,300 shs. Victory Mgmt invested 0.12% of its capital in Red Hat, Inc. (NYSE:RHT). Covington Mngmt invested in 0% or 448 shs. Hightower Advisors Ltd Liability reported 3,725 shs. Walleye Trading Ltd Liability Com reported 14,905 shs. Fort Point Capital Partners Limited Liability has 0.07% invested in Red Hat, Inc. (NYSE:RHT) for 1,643 shs.

The holdings In Red Hat Inc (RHT) was reduced held by Thrivent Financial For Lutherans. According to 2018Q1 SEC filling the decrease is 3.82%. By selling 83,943 shares Thrivent Financial For Lutherans made the stock popped up with 11.53%. The institutional investor is holding 2.11M shares, compared to the 2.20M from the previous quarter. And the announced value of the technology company is $315.91 million for the 2018Q1. $23.83 billion is the MC of Red Hat Inc. RHT is hitting $134.12 during the last trading session, after decreased 3.13%.Red Hat, Inc. has 2.97 million shares volume, 41.00% up from normal. RHT is uptrending and has moved 85.99% since June 27, 2017. The stock outperformed the S&P500 by 73.42%.

Thrivent Financial For Lutherans increased its stake in Cincinnati Financial Corp (NASDAQ:CINF) by 51,088 shares to 57,147 shares, valued at $4.24M in 2018Q1, according to the filing. It operates about $82.94B and $29.56 billion US Long portfolio. For a total of 60,894 shares it increased its holding in Ishares Tr (MTUM) by 33,223 shares in the quarter, and has risen its stake in Abbott Laboratories (NYSE:ABT).

A couple more Red Hat, Inc. (NYSE:RHT) news were brought out by: Seekingalpha.com which released on June 22, 2018 “Red Hat: Due For A Pullback”, also Fool.com on June 24, 2018 brought out “Should You Buy Red Hat After Its Post-Earnings Plunge?”, the next Streetinsider.com is “After-Hours Stock Movers 06/21: (TNDM) (SENS) Higher; (RHT) (TCS) (NRZ) Lower (more…)” on June 21, 2018. Streetinsider.com has article titled “Pre-Open Movers 06/22: (WSC) (TNDM) (KMX) Higher; (GRBK) (RHT) (YTRA) Lower (more…)”.

Red Hat, Inc. (NYSE:RHT) Ratings Coverage

A total of 26 analysts rate Red Hat (NYSE:RHT) as follows: 18 “Buy”, 8 “Hold” and 0 “Sell”. Тherefore 69% are bullish. (NYSE:RHT) has 31 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, March 27 the firm has “Buy” rating given by Wells Fargo. On Tuesday, March 27 JMP Securities maintained Red Hat, Inc. (NYSE:RHT) with “Market Outperform” rating. On Monday, March 26 Piper Jaffray maintained Red Hat, Inc. (NYSE:RHT) rating. Piper Jaffray has “Hold” rating and $17000 target. On Thursday, June 21 the company was maintained by Evercore. On Wednesday, March 28 JP Morgan maintained the shares of RHT in report with “Overweight” rating. In Tuesday, March 27 report Jefferies maintained the stock with “Hold” rating. On Monday, March 26 KeyBanc Capital Markets maintained Red Hat, Inc. (NYSE:RHT) rating. KeyBanc Capital Markets has “Buy” rating and $18400 target. On Friday, June 22 Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) rating. Barclays Capital has “Overweight” rating and $160 target. On Tuesday, March 27 the rating was maintained by Morgan Stanley with “Equal-Weight”. In Monday, March 12 report Mizuho downgraded the stock to “Neutral” rating.

Red Hat, Inc. (NYSE:RHT) Institutional Investors Chart

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