Thrivent Financial For Lutherans Decreased Its Red Hat INC (RHT) Stake by $12.51 Million

June 27, 2018 - By Theresa McIntyre

Red Hat, Inc. (NYSE:RHT) Corporate LogoDuring 2018 Q1 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 turned negative. 144 increased holdings while 80 funds amassed holdings. Funds hold 160.68 million shares thus 0.87% more from 2017Q4’s 159.29 million shares. M&R Capital Mngmt Inc has invested 0.1% in Red Hat, Inc. (NYSE:RHT). Regions Corporation has 0% invested in Red Hat, Inc. (NYSE:RHT) for 726 shs. Clarivest Asset Management Limited Co holds 0% or 6 shs in its capital. 52,096 are owned by State Treasurer State Of Michigan. Nordea Investment Management stated it has 0% of its capital in Red Hat, Inc. (NYSE:RHT). Chevy Chase Tru Hldgs has 0.17% invested in Red Hat, Inc. (NYSE:RHT) for 256,561 shs. Hudson Valley Investment Advsr Adv holds 1.18% or 31,332 shs in its capital. Lombard Odier Asset Mngmt (Europe) Ltd holds 0.02% or 1,878 shs. The Connecticut-based Point72 Asset Mngmt Lp has invested 0.01% in Red Hat, Inc. (NYSE:RHT). Df Dent Commerce invested in 3.35% or 966,908 shs. Needham Invest Mgmt Ltd Com holds 9,000 shs or 0.38% of its capital. Pinebridge Invs LP invested in 0.32% or 89,876 shs. 352,078 were reported by Korea Inv Corp. Federated Invsts Pa reported 0.42% of its capital in Red Hat, Inc. (NYSE:RHT). Gagnon Advisors owns 62,972 shs.

In Red Hat Inc (RHT) was reduced the holdings held by Thrivent Financial For Lutherans. The reduction is 3.82% according to 2018Q1 SEC filling. The company’s stock popped up 11.53% while Thrivent Financial For Lutherans sold 83,943 shares. At the end of 2018Q1, the institutional investor held 2.11 million shares of the technology company, valued at $315.91 million, down from 2.20M at the end of the previous reported quarter. $23.83B is Red Hat Inc’s MC. Ticker’s shares touched $134.12 during the last trading session after 3.13% change.Red Hat, Inc. has 2.97M shares volume, 41.00% up from normal. RHT is uptrending and has moved 85.99% since June 27, 2017. RHT outperformed the S&P 500 by 73.42%.

Thrivent Financial For Lutherans operates about $82.94 billion and $29.56B US Long portfolio. It increased its stake in Us Bancorp (NYSE:USB) by 304,367 shares to 375,995 shares, valued at $18.99M in 2018Q1, according to the filing. Thrivent Financial For Lutherans has risen its stake in Marsh & Mclennan Co Inc (NYSE:MMC) and also increased its holding in Celanese Corp (NYSE:CE) by 40,327 shares in the quarter, for a total of 133,715 shares.

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

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

Total analysts of 26 have positions in Red Hat (NYSE:RHT) as follows: 18 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 69%. Since January 2, 2018 according to StockzIntelligence Inc Red Hat has 31 analyst reports. On Tuesday, March 27 the stock has “Buy” rating by Nomura. On Tuesday, June 19 the stock of Red Hat, Inc. (NYSE:RHT) has “Market Perform” rating given by Raymond James. The stock rating was maintained by Northland Capital with “Buy” on Tuesday, March 27. On Tuesday, March 27 Jefferies maintained Red Hat, Inc. (NYSE:RHT) with “Hold” rating. On Thursday, June 21 the stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given by Evercore. On Tuesday, March 27 Wells Fargo maintained Red Hat, Inc. (NYSE:RHT) with “Buy” rating. The stock rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, March 26. On Tuesday, March 27 the stock has “Buy” rating by Deutsche Bank. On Monday, March 12 Mizuho downgraded Red Hat, Inc. (NYSE:RHT) to “Neutral” rating. On Wednesday, March 28 the rating was maintained by JP Morgan with “Overweight”.

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

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