Today’s Stock Alert: Right Management Consultants Inc (NYSE:RHT) Institutional Investor Positioning

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Stock Alert: Right Management Consultants Inc (NYSE:RHT) Institutional Investor Positioning

Sentiment for Right Management Consultants Inc (NYSE:RHT)

Right Management Consultants Inc (NYSE:RHT) institutional sentiment decreased to 1.04 in 2016 Q2. Its down -0.04, from 1.08 in 2016Q1. The ratio turned negative, as 215 investment managers increased and opened new stock positions, while 199 sold and decreased their stock positions in Right Management Consultants Inc. The investment managers in our partner’s database now possess: 162.52 million shares, down from 165.27 million shares in 2016Q1. Also, the number of investment managers holding Right Management Consultants Inc in their top 10 stock positions was flat from 8 to 8 for the same number . Sold All: 32 Reduced: 167 Increased: 156 New Position: 59.

Red Hat, Inc. provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. The company has a market cap of $14.09 billion. Red Hat operates through three geographical divisions: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. It has a 65.84 P/E ratio. The Company’s services and products include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

About 1.06 million shares traded hands or 4.95% up from the average. Red Hat Inc (NYSE:RHT) has risen 5.83% since April 25, 2016 and is uptrending. It has underperformed by 0.19% the S&P500.

Analysts await Red Hat Inc (NYSE:RHT) to report earnings on December, 15. They expect $0.37 earnings per share, up 19.35% or $0.06 from last year’s $0.31 per share. RHT’s profit will be $66.50 million for 52.97 P/E if the $0.37 EPS becomes a reality. After $0.37 actual earnings per share reported by Red Hat Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Red Hat Inc. is a leading developer and provider of open source software and services, including the Red Hat Linux operating system. Unlike proprietary software, open source software has publicly available source code and can be copied, modified and distributed with minimal restrictions. The web site, REDHAT.COM, is a leading online source of information and news about open source software and one of the largest online communities of open source software users and developers.”

Gagnon Advisors Llc holds 6.73% of its portfolio in Red Hat Inc for 107,587 shares. Gagnon Securities Llc owns 148,578 shares or 5.16% of their US portfolio. Moreover, Df Dent & Co Inc has 3.93% invested in the company for 1.93 million shares. The Connecticut-based Sustainable Growth Advisers Lp has invested 3.93% in the stock. Rail, a Alabama-based fund reported 220,364 shares.#img1#

Red Hat Inc (NYSE:RHT) Ratings Coverage

Ratings analysis reveals 90% of Red Hat’s analysts are positive. Out of 20 Wall Street analysts rating Red Hat, 18 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $75 while the high is $98. The stock’s average target of $90.82 is 15.84% above today’s ($78.4) share price. RHT was included in 36 notes of analysts from August 25, 2015. JP Morgan maintained Red Hat Inc (NYSE:RHT) on Tuesday, September 22 with “Overweight” rating. The stock of Red Hat Inc (NYSE:RHT) has “Outperform” rating given on Tuesday, December 8 by RBC Capital Markets. The stock of Red Hat Inc (NYSE:RHT) has “Outperform” rating given on Friday, January 8 by BMO Capital Markets. The rating was upgraded by Cowen & Co on Thursday, February 4 to “Outperform”. The rating was initiated by Drexel Hamilton on Friday, October 9 with “Buy”. The stock of Red Hat Inc (NYSE:RHT) earned “Buy” rating by Stifel Nicolaus on Friday, December 18. The rating was maintained by Needham with “Buy” on Friday, December 18. The rating was maintained by Jefferies on Thursday, September 22 with “Hold”. The firm earned “Buy” rating on Thursday, September 10 by BTIG Research. The stock has “Outperform” rating given by RBC Capital Markets on Friday, December 18.

RHT Company Profile

Red Hat, Inc. (Red Hat), incorporated on October 17, 1998, is a well-known provider of open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. The Firm operates through three geographical divisions: the Americas (the United States, Canada and Latin America); Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company’s services and products include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

More notable recent Red Hat Inc (NYSE:RHT) news were published by: Fool.com which released: “How Red Hat, Inc.’s Second Quarter Stunned the Street” on September 23, 2016, also Profitconfidential.com with their article: “Red Hat Inc: Why RHT Stock Can Pop 40%” published on October 16, 2016, Forbes.com published: “Red Hat Stock Sees Short Interest Make 21% Move” on October 26, 2016. More interesting news about Red Hat Inc (NYSE:RHT) were released by: Fool.com and their article: “3 Things Red Hat Inc.’s Management Wants You to Know” published on June 27, 2016 as well as Fool.com‘s news article titled: “Is Red Hat Inc. Stock on Your Buy List? It Should Be” with publication date: July 08, 2016.

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By Ruchi Gupta

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