Thrivent Financial For Lutherans Decreased Stake in Red Hat INC (RHT) by $12.51 Million as Shares Rose

June 27, 2018 - By Maria Robertson

Red Hat, Inc. (NYSE:RHT) Corporate LogoBig Money Sentiment decreased to 0.86 in 2018 Q1. It has change of 0.26, from 2017Q4’s 1.12. The ratio turned negative due to RHT positioning: 46 sold and 214 reduced. 80 funds amassed holdings and 144 increased holdings. Investors holded 159.29 million in 2017Q4 but now own 160.68 million shares or 0.87% more. Williams Jones And Associate Ltd Llc stated it has 0.28% in Red Hat, Inc. (NYSE:RHT). Sit Invest Associate owns 16,985 shs for 0.06% of their capital. Toronto Dominion Bank & Trust stated it has 0.03% of its capital in Red Hat, Inc. (NYSE:RHT). Westpac Bk Corp has invested 0% in Red Hat, Inc. (NYSE:RHT). Convergence Invest Ptnrs Ltd Liability Co holds 0% of its capital in Red Hat, Inc. (NYSE:RHT) for 49 shs. Public Employees Retirement Of Ohio holds 174,652 shs. Granite Investment Prtn Lc holds 0.92% in Red Hat, Inc. (NYSE:RHT) or 92,405 shs. Dekabank Deutsche Girozentrale reported 18,314 shs. 90 are owned by Wealthtrust. 574,363 were reported by Nomura Asset Mgmt. Hartford Mgmt Company, Connecticut-based fund reported 35,976 shs. Moreover, Baystate Wealth Ltd has 0% invested in Red Hat, Inc. (NYSE:RHT) for 20 shs. Polar Capital Limited Liability Partnership holds 349,857 shs. Sumitomo Mitsui Tru Hldg holds 0.13% or 692,880 shs. Dnb Asset As stated it has 20,546 shs.

Thrivent Financial For Lutherans’s stake in Red Hat Inc (RHT) is reduced by 3.82% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 11.53% while stock markets declined as Thrivent Financial For Lutherans sold 83,943 shares. The technology company reported $315.91 million value for the 2018Q1. Now the institutional investor is holding 2.11M shares, compared to the 2.20M from the previous quarter. $23.83 billion is the market cap of Red Hat Inc. The stock decreased 3.13% or $4.34 during the last trading session, touching $134.12.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. RHT outperformed by 73.42% the S&P 500.

According to a filing the Thrivent Financial For Lutherans’s stake in Plexus Corp (NASDAQ:PLXS) was rose by 237,695 shares to 525,306 shares valued at $31.38M in 2018Q1. It manages about $82.94 billion and $29.56B US Long portfolio. For a total of 477,535 shares it increased its holding in Nvidia Corp (NASDAQ:NVDA) by 35,985 shares in the quarter, and has risen its stake in Lockheed Martin Corp (NYSE:LMT).

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

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

In total 26 analysts cover Red Hat (NYSE:RHT). “Buy” rating has 18, “Sell” are 0, while 8 are “Hold”. (NYSE:RHT) has 69% bullish analysts. 31 are the (NYSE:RHT)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, March 27 the stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given by J.P. Morgan. On Monday, March 12 the stock of Red Hat, Inc. (NYSE:RHT) earned “Neutral” rating by Mizuho. On Thursday, June 21 the company was maintained by Evercore. On Wednesday, March 21 the stock has “Buy” rating by RBC Capital Markets. On Tuesday, March 27 the rating was maintained by Morgan Stanley with “Equal-Weight”. The stock rating was downgraded by Raymond James to “Market Perform” on Tuesday, June 19. On Tuesday, March 27 the stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Northland Capital. On Monday, May 14 the stock has “Buy” rating by Monness. On Friday, June 22 the firm has “Overweight” rating by Barclays Capital given. In Wednesday, March 28 report JP Morgan maintained it with “Overweight” rating and $175 target.

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

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