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

June 27, 2018 - By Alberta Moore

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 dived. 144 increased stakes while 80 funds bought stakes. Funds hold 160.68 million shares thus 0.87% more from 2017Q4’s 159.29 million shares. Hartford Financial Mngmt reported 20 shs. Reilly Financial Advsr Limited Liability Company holds 196 shs. Jericho Capital Asset Mgmt Limited Partnership reported 6.63% stake. State Bank Of Hawaii reported 3,400 shs or 0.04% of all its holdings. 857 are held by Morgan Dempsey Cap Ltd Liability Company. Cls Invests holds 46 shs or 0% of its capital. Kames Public Ltd Company accumulated 7,279 shs. Prudential owns 0.05% invested in Red Hat, Inc. (NYSE:RHT) for 209,724 shs. Blackrock reported 0.08% stake. Lomas Cap Lc invested in 2.79% or 115,339 shs. Moreover, Ls Ltd Liability Co has 0.05% invested in Red Hat, Inc. (NYSE:RHT). 66,604 were reported by Voloridge Management Lc. Envestnet Asset Mgmt owns 30,517 shs. 25 were accumulated by Architects Incorporated. Intrust Natl Bank Na reported 1,808 shs or 0.08% of all its holdings.

Thrivent Financial For Lutherans’s holdings in Red Hat Inc (RHT) is reduced by 3.82% based on its latest 2018Q1 regulatory filing with the SEC. By selling 83,943 shares Thrivent Financial For Lutherans made the stock popped up with 11.53%. At the end of 2018Q1, the institutional investor held 2.11M shares of the technology company, priced at $315.91M, down from 2.20M at the end of the previous reported quarter. $23.83B is the market cap of Red Hat Inc. RHT hit $134.12 during the last trading session after $4.34 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. The stock outperformed the S&P500 by 73.42%.

About $82.94 billion and $29.56B US Long portfolio Thrivent Financial For Lutherans operates. According to a filing the fund rose its stake in Liberty Interactive Llc by 3.36 million shares to 20.56M shares, valued at $22.56M in 2018Q1. Thrivent Financial For Lutherans has risen its stake in Biomarin Pharmaceutical Inc (NASDAQ:BMRN) and also increased its holding in Prologis Inc (NYSE:PLD) by 115,840 shares in the quarter, for a total of 404,545 shares.

A couple more Red Hat, Inc. (NYSE:RHT) news were published by: Seekingalpha.com which released on June 22, 2018 “Red Hat: Due For A Pullback”, also Streetinsider.com on June 21, 2018 published “After-Hours Stock Movers 06/21: (TNDM) (SENS) Higher; (RHT) (TCS) (NRZ) Lower (more…)”, the next Streetinsider.com is “Pre-Open Movers 06/22: (WSC) (TNDM) (KMX) Higher; (GRBK) (RHT) (YTRA) Lower (more…)” 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. In Monday, March 12 report Mizuho downgraded the stock to “Neutral” rating. On Thursday, June 21 Evercore maintained Red Hat, Inc. (NYSE:RHT) with “Buy” rating. On Wednesday, March 28 the company was maintained by JP Morgan. On Tuesday, March 27 Credit Suisse maintained Red Hat, Inc. (NYSE:RHT) rating. Credit Suisse has “Neutral” rating and $150 target. On Friday, June 22 the stock of Red Hat, Inc. (NYSE:RHT) earned “Overweight” rating by Barclays Capital. In Thursday, March 22 report Cowen & Co maintained the stock with “Buy” rating. The company rating was maintained by Nomura on Tuesday, March 27. On Monday, March 26 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Tuesday, March 27 Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) rating. Barclays Capital has “Overweight” rating and $170 target. On Friday, June 22 Cowen & Co maintained Red Hat, Inc. (NYSE:RHT) with “Buy” rating.

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

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