How Analysts Rated Red Hat, Inc. (NYSE:RHT) Last Week?

April 17, 2018 - By Linda Rogers

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 1.12 in Q4 2017. Its down 0.11, from 1.23 in 2017Q3. It is negative, as 45 investors sold Red Hat, Inc. shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported.
Pathstone Family Office Ltd Liability holds 200 shares. Lmr Ptnrs Limited Liability Partnership holds 17,750 shares. Aqr Capital Ltd invested 0.03% in Red Hat, Inc. (NYSE:RHT). Pacad Inv has invested 0.18% in Red Hat, Inc. (NYSE:RHT). Commonwealth Comml Bank Of Aus accumulated 173 shares. Azimuth Cap Mgmt Limited Com accumulated 67,770 shares. Advisory Services Ntwk Ltd Liability Corp has 0.01% invested in Red Hat, Inc. (NYSE:RHT) for 672 shares. Ahl Prtnrs Ltd Liability Partnership reported 36,811 shares stake. Tarbox Family Office Incorporated accumulated 0% or 12 shares. Everence Capital Management owns 3,789 shares for 0.1% of their portfolio. Profund Advsr Limited Liability Company invested 0.03% in Red Hat, Inc. (NYSE:RHT). Martingale Asset Management L P holds 0.02% or 15,435 shares. Argent Management Lc invested 3.04% in Red Hat, Inc. (NYSE:RHT). Citadel Advsrs Ltd owns 0% invested in Red Hat, Inc. (NYSE:RHT) for 21,532 shares. 225 are owned by Sandy Spring Bancshares.

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

Among 25 analysts covering Red Hat (NYSE:RHT), 18 have Buy rating, 1 Sell and 6 Hold. Therefore 72% are positive. Red Hat had 43 analyst reports since October 22, 2017 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Tuesday, January 2 with “Buy”. J.P. Morgan maintained it with “Buy” rating and $17500 target in Tuesday, March 27 report. On Tuesday, October 24 the stock rating was downgraded by Bank of America to “Sell”. Cowen & Co maintained the shares of RHT in report on Thursday, March 22 with “Buy” rating. The firm earned “Buy” rating on Friday, December 15 by Stifel Nicolaus. Morgan Stanley maintained the shares of RHT in report on Tuesday, March 27 with “Equal-Weight” rating. The firm has “Buy” rating by Northland Capital given on Tuesday, March 27. The stock of Red Hat, Inc. (NYSE:RHT) has “Market Perform” rating given on Friday, March 23 by BMO Capital Markets. Cowen & Co maintained the shares of RHT in report on Monday, December 11 with “Buy” rating. Nomura maintained the stock with “Buy” rating in Tuesday, March 27 report. Below is a list of Red Hat, Inc. (NYSE:RHT) latest ratings and price target changes.

11/04/2018 Broker: Monness Crespi & Hardt Rating: Buy New Target: $175 Initiates Coverage On
27/03/2018 Broker: William Blair Rating: Buy
28/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $130 New Target: $175 Maintain
27/03/2018 Broker: J.P. Morgan Rating: Buy New Target: $175.0000 Maintain
27/03/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $165 New Target: $170 Maintain
27/03/2018 Broker: Northland Capital Rating: Buy New Target: $185.0000 Maintain
27/03/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $152 New Target: $182 Maintain
27/03/2018 Broker: Stephens Rating: Buy New Target: $170.0000
27/03/2018 Broker: Jefferies Rating: Hold New Target: $154.0000 Maintain
27/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $130 New Target: $150 Maintain

The stock increased 0.50% or $0.81 during the last trading session, reaching $161.34. About 319,713 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since April 17, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. The company has market cap of $28.56 billion. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows clients to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. It has a 115.24 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.

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

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