Should You Buy Red Hat, Inc. (NYSE:RHT) On Current Analyst Views?

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29 May, 2017

The Notes will mature on March 15, 2023 and will be senior unsecured obligations, ranking pari passu with all existing and future senior unsecured indebtedness of the Issuer and the Company. The Firm provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. It has a 63.4 P/E ratio. The Company's business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/05/27/state-of-wisconsin-investment-board-boosts-position-in-red-hat-inc-rht-updated.html. Fuller & Thaler Asset Management Inc. now owns 1,700 shares of the open-source software company's stock valued at $137,000 after buying an additional 1,100 shares during the last quarter. First Midwest Bank Trust Division now owns 10,886 shares of the open-source software company's stock worth $942,000 after buying an additional 2,612 shares in the last quarter. 1,442,004 shares of the company traded hands.

Canada Pension Plan Investment Board raised its position in Red Hat Inc (NYSE:RHT) by 64,378.3% during the first quarter, according to its most recent Form 13F filing with the SEC. It has outperformed by 2.27% the S&P500. Aristeia Ltd Llc holds 1.12% or 140,300 shares. Zacks Investment Research upgraded shares of Red Hat from a "hold" rating to a "strong-buy" rating and set a $101.00 price target on the stock in a research note on Tuesday, May 2nd. CXW was included in 3 notes of analysts from August 24, 2016. Tiaa Cref Limited Liability Co reported 1.35 million shares. The stock presently has an average rating of "Buy" and an average price target of $91.51. The company was downgraded on Tuesday, January 26 by Bank of America. Allianz Asset Mngmt Ag has 786,950 shares for 0.05% of their portfolio. Dorsey & Whitney Trust Co Llc owns 6,033 shares or 0.22% of their USA portfolio. Fund Mngmt invested in 0.05% or 89,697 shares. The Ohio-based Camelot Portfolios Llc has invested 0.14% in the stock.

About 359,735 shares traded. Macy's Inc (NYSE:M) has declined 25.46% since May 26, 2016 and is downtrending. It has underperformed by 18.49% the S&P500. It also upped Sysco (NYSE:SYY) stake by 83,281 shares and now owns 163,081 shares. Broadcom Ltd was raised too. Drexel Hamilton reiterated a "buy" rating and set a $105.00 price objective on shares of Red Hat in a report on Friday, March 24th. During the same period in the previous year, the firm earned $0.52 EPS. Analysts forecast EPS of $0.34, down exactly $0.01 or 2.86 % from 2014's $0.35 EPS. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the company's stock. Therefore 77% are positive. The firm earned "Outperform" rating on Thursday, February 4 by Cowen & Co. The firm has "Overweight" rating by Pacific Crest given on Thursday, April 14. The rating was maintained by RBC Capital Markets on Thursday, May 12 with "Sector Perform".

Several brokerages recently issued reports on RHT. Analysts expect that Red Hat Inc will post $2.60 earnings per share for the current fiscal year. UBS has "Buy" rating and $90 target. BMO Capital Markets lifted their price objective on shares of Red Hat from $75.00 to $90.00 and gave the company a "market perform" rating in a research report on Tuesday, March 28th. The stock rose 0.02% or $0.04 reaching $193.1. Mizuho maintained Red Hat Inc (NYSE:RHT) on Thursday, December 22 with "Buy" rating.

03/28/2017 - Red Hat, Inc. had its "buy" rating reiterated by analysts at Deutsche Bank.

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.16, from 1.04 in 2016Q3.

Other hedge funds have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Red Hat by 413.4% in the third quarter. 161.03 million shares or 0.70% more from 159.91 million shares in 2016Q3 were reported.

Red Hat (NYSE:RHT) last released its quarterly earnings data on Monday, March 27th. State Of Tennessee Treasury Department reported 73,952 shares. Macquarie Gru Ltd owns 53,547 shares.

In other news, CEO James M. Whitehurst sold 5,099 shares of the stock in a transaction that occurred on Wednesday, March 1st.

Commonwealth Bank Of Australia increased Nisource Inc (NI) stake by 2818.31% reported in 2016Q4 SEC filing. Jericho Capital Asset Management L.P. acquired a new stake in shares of Red Hat during the first quarter worth approximately $92,816,000. (NYSE:RHT) was up +0.41% during the last trading session, with a day high of 88.28. Blackrock Japan Com Limited reported 0.06% in Red Hat Inc (NYSE:RHT).

Red Hat Incorporated (NYSE:RHT) had an increase of 5.9% in short interest.

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