Sustainable Growth Advisers LP Raised Its Red Hat (RHT) Stake by $29.10 Million; Stock Price Declined; As United Technologies (UTX) Share Price Rose, Monroe Bank & Trust Has Cut Stake

Red Hat, Inc. (NYSE:RHT) Logo

Sustainable Growth Advisers Lp increased its stake in Red Hat Inc (RHT) by 12.24% based on its latest 2018Q2 regulatory filing with the SEC. Sustainable Growth Advisers Lp bought 217,139 shares as the company’s stock declined 12.72% while stock markets rallied. The institutional investor held 1.99 million shares of the technology company at the end of 2018Q2, valued at $267.54 million, up from 1.77 million at the end of the previous reported quarter. Sustainable Growth Advisers Lp who had been investing in Red Hat Inc for a number of months, seems to be bullish on the $31.40 billion market cap company. The stock decreased 0.29% or $0.51 during the last trading session, reaching $177.85. About 1.59M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 41.09% since December 6, 2017 and is uptrending. It has outperformed by 25.47% the S&P500. Some Historical RHT News: 31/05/2018 – Maxta Announces Support for Comprehensive Private Cloud Infrastructure Based on Red Hat Virtualization and Red Hat OpenShift Co; 21/03/2018 – CloudBees Jenkins Enterprise Now Available for Red Hat OpenShift Container Platform; 22/03/2018 – RED HAT INC RHT.N : CITIGROUP RAISES TARGET PRICE TO $179 FROM $148; 02/05/2018 – Trilio Announces Version 3 of Its Revolutionary TrilioVault Data Protection Software, Expands to Support Red Hat Virtualization; 15/05/2018 – Red Hat Enhances Foundation for Digital Transformation with Latest Version of Red Hat Virtualization; 16/04/2018 – S&PGR: Upgrade Reflects Red Hat’s Continued Strong Operating Performance Due to Shr Gains in the Server Operating System Market; 10/04/2018 – Red Hat Strengthens Hybrid Cloud’s Backbone with Latest Version of Red Hat Enterprise Linux; 26/03/2018 – RED HAT INC RHT.N FY2019 SHR VIEW $3.34, REV VIEW $3.37 BLN — THOMSON REUTERS l/B/E/S; 20/03/2018 – Trilio Joins Red Hat Connect for Technology Partner Program, Achieves Certification for Red Hat OpenStack Platform; 26/03/2018 – RED HAT SEES 1Q REV. $800M TO $810.0M, EST. $795.0M

Monroe Bank & Trust decreased its stake in United Technologies Corp (UTX) by 47.63% based on its latest 2018Q2 regulatory filing with the SEC. Monroe Bank & Trust sold 3,604 shares as the company’s stock rose 5.48% with the market. The institutional investor held 3,962 shares of the aerospace company at the end of 2018Q2, valued at $495,000, down from 7,566 at the end of the previous reported quarter. Monroe Bank & Trust who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $104.36 billion market cap company. The stock decreased 2.21% or $2.73 during the last trading session, reaching $120.87. About 7.69M shares traded or 55.14% up from the average. United Technologies Corporation (NYSE:UTX) has risen 21.87% since December 6, 2017 and is uptrending. It has outperformed by 6.25% the S&P500. Some Historical UTX News: 22/05/2018 – UTX CEO SEES INCREASE IN PRATT INVENTORY TURNS; 17/04/2018 – UTC AEROSPACE SYSTEMS – ANNOUNCED 8-YEAR CONTRACT EXTENSION WITH QANTAS AIRLINES TO PROVIDE BR715 ENGINE NACELLE ASSET SUPPORT AND REPAIR SERVICES; 12/03/2018 – Avista/Hydro One in Settlement Talks With Washington UTC Staff; 22/05/2018 – MAGELLAN AEROSPACE-SIGNED AGREEMENT WITH HAMILTON SUNDSTRAND, TO MAKE COMPLEX MAGNESIUM,ALUMINIUM CASTINGS FOR MILITARY,COMMERCIAL AEROSPACE PLATFORMS; 16/03/2018 – UNITED TECHNOLOGIES REAFFIRMS FORECAST FOR 2018 IN SLIDES; 22/05/2018 – Seritage Growth Properties and Invesco Real Estate Announce Partnership to Own Collection at UTC in La Jolla, Calif; 04/05/2018 – European Commission Approves UTC Takeover of Rockwell With Conditions; 24/04/2018 – UNITED TECH SAYS SEEN NO CHANGE IN BEHAVIOR FROM CHINESE REGULATORS WITH RESPECT TO THE ROCKWELL COLLINS DEAL – CONF CALL; 17/05/2018 – IT — NASDAQ EXPANDS PTP SERVICES IN EUROPE, ADDS UTC TRACEABILITY REPORTING AND PTP SERVICES IN LONDON (29/18); 24/04/2018 – UNITED TECHNOLOGIES CORP UTX.N RAISES FY 2018 ADJUSTED SHR VIEW TO $6.95 TO $7.15

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies: Prioritizing Strengths – Seeking Alpha” on November 28, 2018, also Marketwatch.com with their article: “Dow changes are coming, as United Technologies and DowDuPont head for breakups – MarketWatch” published on November 28, 2018, Investorplace.com published: “3 Big Stock Charts for Tuesday: United Technologies, TJX Companies and Freeport-McMoRan – Investorplace.com” on November 27, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “United Technologies: Dead Money During Spin-Off Process – Seeking Alpha” published on November 30, 2018 as well as Bizjournals.com‘s news article titled: “UTC spin-off company with $18B in revenue to be based in South Florida – South Florida Business Journal” with publication date: November 28, 2018.

Since July 26, 2018, it had 0 insider purchases, and 2 insider sales for $2.41 million activity. JOHRI AKHIL sold 3,428 shares worth $465,591.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 23. They expect $1.54 earnings per share, down 3.75% or $0.06 from last year’s $1.6 per share. UTX’s profit will be $1.33 billion for 19.62 P/E if the $1.54 EPS becomes a reality. After $1.93 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -20.21% negative EPS growth.

Among 25 analysts covering United Technologies Corporation (NYSE:UTX), 16 have Buy rating, 0 Sell and 9 Hold. Therefore 64% are positive. United Technologies Corporation had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, April 27 with “Sector Perform”. The stock of United Technologies Corporation (NYSE:UTX) has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. The firm has “Buy” rating by Citigroup given on Thursday, September 10. The company was maintained on Wednesday, September 6 by Deutsche Bank. The stock of United Technologies Corporation (NYSE:UTX) earned “Mkt Perform” rating by Bernstein on Friday, January 8. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Wednesday, July 22 by Atlantic Securities. On Tuesday, October 13 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. As per Wednesday, July 22, the company rating was downgraded by Deutsche Bank. Argus Research upgraded it to “Buy” rating and $150.0 target in Friday, February 9 report. The rating was downgraded by CItigroup on Monday, October 10 to “Neutral”.

Investors sentiment increased to 1.02 in Q2 2018. Its up 0.08, from 0.94 in 2018Q1. It is positive, as 57 investors sold UTX shares while 515 reduced holdings. 106 funds opened positions while 477 raised stakes. 629.27 million shares or 0.22% less from 630.65 million shares in 2018Q1 were reported. 3,868 are owned by Weybosset Rech & Mngmt. American National Registered Investment Advisor Inc invested 0.44% of its portfolio in United Technologies Corporation (NYSE:UTX). Essex Finance Services reported 34,741 shares or 1.05% of all its holdings. Brown Advisory Securities Limited Liability Corp reported 0.73% stake. Kentucky Retirement holds 0.4% of its portfolio in United Technologies Corporation (NYSE:UTX) for 31,591 shares. Avalon Advsr Lc reported 96,897 shares. Aull Monroe Invest Management reported 20,690 shares. Eqis Cap Management holds 0.12% of its portfolio in United Technologies Corporation (NYSE:UTX) for 15,308 shares. Balasa Dinverno & Foltz Limited Liability Corporation has 0.04% invested in United Technologies Corporation (NYSE:UTX) for 2,405 shares. 1.60 million were reported by Mitsubishi Ufj Trust And Banking. Signature Finance Management has 0.17% invested in United Technologies Corporation (NYSE:UTX) for 6,575 shares. Quadrant Capital Mngmt Lc reported 1.48% of its portfolio in United Technologies Corporation (NYSE:UTX). Brandywine Global Inv Management Ltd Co has 0.57% invested in United Technologies Corporation (NYSE:UTX). Moreover, Narwhal Mngmt has 0.63% invested in United Technologies Corporation (NYSE:UTX) for 21,815 shares. Prudential Fincl Incorporated reported 0.16% of its portfolio in United Technologies Corporation (NYSE:UTX).

Monroe Bank & Trust, which manages about $323.08 million US Long portfolio, upped its stake in Select Sector Spdr Tr (XLP) by 7,039 shares to 74,641 shares, valued at $3.85 million in 2018Q2, according to the filing. It also increased its holding in Ishares Tr (IWM) by 2,862 shares in the quarter, for a total of 90,099 shares, and has risen its stake in Siteone Landscape Supply Inc.

More notable recent Red Hat, Inc. (NYSE:RHT) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within Gol Linhas Aereas Inteligentes SA, Duluth, International Business Machines, Lam Research, Red Hat, and Weatherford International — Future Expectations, Projections Moving into 2018 – Nasdaq” on November 30, 2018, also Benzinga.com with their article: “Cramer: IBM (NYSE:IBM) CEO Rometty Signaled ‘Real Commitment’ To Stock – Benzinga” published on November 06, 2018, Fool.com published: “Why International Business Machines Corporation Stock Tumbled 24% Last Month – Motley Fool” on November 07, 2018. More interesting news about Red Hat, Inc. (NYSE:RHT) were released by: Streetinsider.com and their article: “Red Hat (RHT) Acquires NooBaa – StreetInsider.com” published on November 27, 2018 as well as Seekingalpha.com‘s news article titled: “Red Hat Stumbles, Yet Again – Seeking Alpha” with publication date: October 03, 2018.

Sustainable Growth Advisers Lp, which manages about $6.01 billion and $8.43B US Long portfolio, decreased its stake in Fomento Economico Mexicano Sab (NYSE:FMX) by 61,577 shares to 596,314 shares, valued at $52.35M in 2018Q2, according to the filing. It also reduced its holding in Tjx Companies Inc. (NYSE:TJX) by 420,723 shares in the quarter, leaving it with 2.99M shares, and cut its stake in Novo Nordisk A/S (NYSE:NVO).

Investors sentiment increased to 1.08 in 2018 Q2. Its up 0.22, from 0.86 in 2018Q1. It improved, as 46 investors sold RHT shares while 187 reduced holdings. 76 funds opened positions while 176 raised stakes. 159.81 million shares or 0.54% less from 160.68 million shares in 2018Q1 were reported. Omers Administration Corp has invested 0.06% in Red Hat, Inc. (NYSE:RHT). Westfield Mngmt LP holds 0.47% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 471,222 shares. M&T Savings Bank Corporation accumulated 0.01% or 10,726 shares. Korea Investment reported 0.25% of its portfolio in Red Hat, Inc. (NYSE:RHT). Cordasco Ntwk holds 0% or 28 shares. Citizens & Northern owns 6,867 shares. Cibc Ww Markets has invested 0.04% in Red Hat, Inc. (NYSE:RHT). Kbc Gru Nv holds 164,586 shares. Bluemountain Management Ltd Com has 0.02% invested in Red Hat, Inc. (NYSE:RHT). Earnest Prtnrs Ltd Limited Liability Company holds 0% or 77 shares. Ameritas Inv Prtn Inc owns 0.02% invested in Red Hat, Inc. (NYSE:RHT) for 3,369 shares. Old Mutual Customised Solutions (Proprietary) holds 2,221 shares or 0.03% of its portfolio. The Indiana-based First Fincl In has invested 0.48% in Red Hat, Inc. (NYSE:RHT). Gagnon Advisors Ltd Liability Corp holds 5.43% or 63,818 shares in its portfolio. Pennsylvania-based Pitcairn has invested 0.02% in Red Hat, Inc. (NYSE:RHT).

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.