As Red Hat INC (RHT) Valuation Rose, Shareholder Hudson Valley Investment Advisors INC Has Decreased Its Stake

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 0.8 in Q4 2018. Its down 0.25, from 1.05 in 2018Q3. It fall, as 68 investors sold RHT shares while 219 reduced holdings. 125 funds opened positions while 105 raised stakes. 156.27 million shares or 3.03% less from 161.15 million shares in 2018Q3 were reported. Smithfield Trust holds 0.01% in Red Hat, Inc. (NYSE:RHT) or 517 shares. Highbridge Cap Ltd Liability Corp holds 0.44% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 85,000 shares. Rampart Inv Mngmt Com Limited Liability Company has 0.08% invested in Red Hat, Inc. (NYSE:RHT) for 1,681 shares. Levin Strategies Lp stated it has 2,567 shares or 0.01% of all its holdings. Capstone Invest Ltd Limited Liability Company holds 0.44% in Red Hat, Inc. (NYSE:RHT) or 201,345 shares. Tudor Corporation Et Al reported 6,595 shares or 0.02% of all its holdings. Wells Fargo And Mn accumulated 980,347 shares. Bridgeway Management Incorporated stated it has 0.04% in Red Hat, Inc. (NYSE:RHT). Norinchukin Financial Bank The stated it has 32,420 shares. Clearbridge Lc has invested 0.48% in Red Hat, Inc. (NYSE:RHT). Hrt Fin Ltd Limited Liability Company stated it has 3,773 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0.06% invested in Red Hat, Inc. (NYSE:RHT) for 36,250 shares. New York-based Amalgamated Bank & Trust has invested 0.13% in Red Hat, Inc. (NYSE:RHT). Pathstone Family Office Llc reported 0.01% stake. Axa, France-based fund reported 90,250 shares.

Hudson Valley Investment Advisors Inc decreased its stake in Red Hat Inc (RHT) by 58.53% based on its latest 2018Q4 regulatory filing with the SEC. Hudson Valley Investment Advisors Inc sold 19,941 shares as the company’s stock rose 2.71% with the market. The institutional investor held 14,126 shares of the technology company at the end of 2018Q4, valued at $2.48 million, down from 34,067 at the end of the previous reported quarter. Hudson Valley Investment Advisors Inc who had been investing in Red Hat Inc for a number of months, seems to be less bullish one the $32.77 billion market cap company. The stock increased 0.15% or $0.28 during the last trading session, reaching $184.35. About 442,961 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 25.74% since May 8, 2018 and is uptrending. It has outperformed by 21.37% the S&P500.

Hudson Valley Investment Advisors Inc, which manages about $579.98M and $433.86 million US Long portfolio, upped its stake in Comcast Corp New Cl A (NASDAQ:CMCSA) by 107,775 shares to 116,442 shares, valued at $3.97 million in 2018Q4, according to the filing.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 20. They expect $0.63 earnings per share, up 18.87 % or $0.10 from last year’s $0.53 per share. RHT’s profit will be $111.99M for 73.15 P/E if the $0.63 EPS becomes a reality. After $0.91 actual earnings per share reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -30.77 % negative EPS growth.

More notable recent Red Hat, Inc. (NYSE:RHT) news were published by: Businesswire.com which released: “Red Hat Upgrades the Business Developer’s Toolbox for a Cloud-Native World with Latest Release of Red Hat Process Automation – Business Wire” on May 02, 2019, also Seekingalpha.com with their article: “How I Might Make 8.2% On The IBM/Red Hat Merger… With Very Little Risk – Seeking Alpha” published on December 12, 2018, Seekingalpha.com published: “Masters Of Cloud, Part 1: The Players – Seeking Alpha” on May 06, 2019. More interesting news about Red Hat, Inc. (NYSE:RHT) were released by: Investorplace.com and their article: “4 Big Tech Stocks in Major Trouble – Investorplace.com” published on April 30, 2019 as well as Benzinga.com‘s news article titled: “Merger Arbitrage ETF Tops $1 Billion in Assets – Benzinga” with publication date: April 20, 2019.

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

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