Columbus Circle Investors Acquires New Holdings in Red Hat Inc (NYSE:RHT)

(NYSE:RHT) news were published by: Businesswire.com which released: "Latest Version of Red Hat OpenShift Container Platform Joins Infrastructure ..." on November 16, 2017, also Businesswire.com with their article: "Orange and Red Hat Join Forces to Spearhead Network Virtualization Innovation" published on November 07, 2017, Businesswire.com published: "Red Hat Improves IT Flexibility and Reduces Complexity with Linux Containers ..." on November 05, 2017. Nordea Investment Management AB now owns 7,011 shares of the open-source software company's stock worth $671,000 after purchasing an additional 92 shares during the period. William Blair Investment Management LLC now owns 4,260,498 shares of the open-source software company's stock worth $296,957,000 after buying an additional 942,852 shares during the last quarter. The total number of shares traded in the last 12 months is 1.13 million. 1,442,004 shares of the company's stock were exchanged.

Red Hat (NYSE:RHT) last issued its quarterly earnings results on Monday, September 25th. It has outperformed by 2.27% the S&P500.

The top 5 institutional holders, in ascending order, are as follows: PRICE T ROWE ASSOCIATES INC /MD/ with 19.75 million shares, VANGUARD GROUP INC with 17.83 million shares, FMR LLC with 12.84 million shares, BLACKROCK INC. with 11.2 million shares, and JENNISON ASSOCIATES LLC with 8 million shares. Therefore 80% are positive. The firm earned " rating on Tuesday, March 29 by Deutsche Bank. Mizuho maintained the stock with "Buy" rating in Thursday, December 22 report. The company was maintained on Friday, December 18 by Stifel Nicolaus. The rating was maintained by Jefferies with "Hold" on Tuesday, June 20. The rating was maintained by Bank of America on Wednesday, March 23 with "Neutral". Corporate insiders own 0.66% of the company's stock. Cibc World Corp owns 27,000 shares for 0.04% of their portfolio. The firm owned 13,225 shares of the open-source software company's stock after buying an additional 2,930 shares during the period. Brandywine Rlty Tr (NYSE:BDN) was raised too.

Investors sentiment decreased to 1.25 in Q2 2017. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Red Hat Inc (NYSE:RHT) by 28.5% during the first quarter, according to its most recent disclosure with the SEC.

Other hedge funds also recently made changes to their positions in the company. 157.87 million shares or 0.26% more from 157.46 million shares in 2017Q1 were reported.

The average Wall Street analyst rating for Red Hat, Inc.is Strong Buy, according to the average of 25 analyst scores. (NYSE:RHT). Whittier Tru has 190 shares. Adams Diversified Equity Fund reported 46,800 shares or 0.36% of all its holdings. Ftb Advisors invested in 261 shares. 2,280 are owned by Wetherby Asset Incorporated.

Insider Trading Activity for Red Hat, Inc. (NYSE:RHT). Ent Fincl Ser Corporation has invested 0.24% in Red Hat, Inc. 1,195 are owned by Sun Life Fincl. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since December 1, 2016 and is uptrending. (NYSE:RHT) for 24,613 shares. The United Kingdom-based Polar Capital Llp has invested 0.45% in Red Hat, Inc. (NYSE:RHT) or 68,296 shares. 32,476 are held by Utah Retirement Sys. After having $0.58 EPS previously, Red Hat, Inc.'s analysts see -13.79 % EPS growth. Voya Investment Limited Liability Co accumulated 1.01 million shares. Ontario Teachers Pension Plan Board has invested 0.04% in Red Hat, Inc.

TRADEMARK VIOLATION WARNING: "Columbus Circle Investors Acquires New Holdings in Red Hat Inc (NYSE:RHT)" was posted by Week Herald and is the property of of Week Herald. Gyroscope Capital Management Group LLC lifted its position in Red Hat by 4.0% in the second quarter. During the same period in the previous year, the business posted $0.55 earnings per share. RHT's profit will be $88.47M for 62.63 P/E if the $0.50 EPS becomes a reality. Shine Investment Advisory Services Inc. purchased a new position in Red Hat in the second quarter worth $117,000. Zacks Investment Research raised shares of Red Hat from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a report on Thursday, September 21st. Therefore 73% are positive. Sanford C. Bernstein reiterated a "market perform" rating and set a $136.00 price target (up from $115.00) on shares of Red Hat in a research note on Tuesday, September 26th. The stock has "Neutral" rating by JP Morgan on Tuesday, May 3. American Century Companies Inc. now owns 953,634 shares of the open-source software company's stock worth $105,720,000 after purchasing an additional 939,604 shares during the last quarter. (NYSE:RHT) earned "Buy" rating by Rosenblatt on Monday, November 28. The rating was maintained by Credit Suisse with "Outperform" on Monday, September 21. Cowen reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Red Hat in a report on Sunday, September 24th. (NYSE:RHT) rating on Friday, June 23. The rating was initiated by Goldman Sachs on Wednesday, November 25 with "Buy".

There are 615 institutional holders with active positions, accounting for 169.14 million shares in total.

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