Ontario Teachers Pension Plan Board Trimmed Red Hat (RHT) Position By $1.10 Million; Essex Property Trust (ESS)’s Sentiment Is 1.06

April 18, 2018 - By Clifton Ray

Red Hat, Inc. (NYSE:RHT) Logo

Ontario Teachers Pension Plan Board decreased Red Hat Inc (RHT) stake by 35.5% reported in 2017Q4 SEC filing. Ontario Teachers Pension Plan Board sold 9,178 shares as Red Hat Inc (RHT)’s stock rose 25.63%. The Ontario Teachers Pension Plan Board holds 16,672 shares with $2.00 million value, down from 25,850 last quarter. Red Hat Inc now has $28.56B valuation. The stock decreased 0.53% or $0.855 during the last trading session, reaching $161.375. About 174,527 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since April 18, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Essex Property Trust Inc (ESS) investors sentiment decreased to 1.06 in Q4 2017. It’s down -0.24, from 1.3 in 2017Q3. The ratio dived, as 174 investment managers started new or increased holdings, while 164 decreased and sold equity positions in Essex Property Trust Inc. The investment managers in our database now possess: 62.32 million shares, down from 62.90 million shares in 2017Q3. Also, the number of investment managers holding Essex Property Trust Inc in top ten holdings decreased from 8 to 5 for a decrease of 3. Sold All: 40 Reduced: 124 Increased: 129 New Position: 45.

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It dived, as 45 investors sold RHT 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. Baystate Wealth Mgmt Llc holds 0% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 20 shares. Telemark Asset Llc accumulated 2.35% or 100,000 shares. Tci Wealth Advsr holds 0% or 13 shares. Livforsakringsbolaget Skandia Omsesidigt holds 2,714 shares or 0.03% of its portfolio. California Public Employees Retirement reported 422,299 shares or 0.07% of all its holdings. Raymond James & Associates, a Florida-based fund reported 287,858 shares. Reilly Advisors Lc invested in 496 shares or 0.01% of the stock. Granahan Mgmt Inc Ma, Massachusetts-based fund reported 27,660 shares. Fiera, a Quebec – Canada-based fund reported 24,373 shares. First Mercantile Trust Co holds 6,112 shares. Scout Invs has 0.36% invested in Red Hat, Inc. (NYSE:RHT) for 120,113 shares. Ny State Common Retirement Fund has 0.06% invested in Red Hat, Inc. (NYSE:RHT) for 425,925 shares. Barclays Public Ltd holds 0.04% or 447,042 shares. Benjamin F Edwards & stated it has 564 shares. Sandy Spring Bancorp holds 225 shares or 0% of its portfolio.

Among 39 analysts covering Red Hat (NYSE:RHT), 28 have Buy rating, 1 Sell and 10 Hold. Therefore 72% are positive. Red Hat had 134 analyst reports since August 25, 2015 according to SRatingsIntel. As per Monday, March 26, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Tuesday, December 19 by Piper Jaffray. The rating was maintained by William Blair with “Outperform” on Thursday, March 23. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, September 26 report. On Monday, September 25 the stock rating was maintained by Piper Jaffray with “Hold”. The firm has “Buy” rating given on Friday, December 18 by Needham. Northland Capital maintained the shares of RHT in report on Tuesday, September 26 with “Buy” rating. The firm has “Outperform” rating given on Monday, March 7 by BMO Capital Markets. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Citigroup on Thursday, September 22. The firm has “Hold” rating by BMO Capital Markets given on Friday, September 15.

Ontario Teachers Pension Plan Board increased Lkq Corp (NASDAQ:LKQ) stake by 22,723 shares to 163,667 valued at $6.66 million in 2017Q4. It also upped Franklin Res Inc (NYSE:BEN) stake by 25,436 shares and now owns 52,013 shares. Vornado Rlty Tr (NYSE:VNO) was raised too.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 19. They expect $0.49 EPS, up 22.50% or $0.09 from last year’s $0.4 per share. RHT’s profit will be $86.73 million for 82.33 P/E if the $0.49 EPS becomes a reality. After $0.73 actual EPS reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. The company has market cap of $16.77 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 37.37 P/E ratio. As of March 31, 2012, the firm owned or had interests in 158 apartment communities; and 5 commercial buildings, as well as 5 development projects.

The stock decreased 0.28% or $0.685 during the last trading session, reaching $245.505. About 36,154 shares traded. Essex Property Trust, Inc. (ESS) has risen 0.21% since April 18, 2017 and is uptrending. It has underperformed by 11.34% the S&P500.

Analysts await Essex Property Trust, Inc. (NYSE:ESS) to report earnings on May, 2 after the close. They expect $3.06 earnings per share, up 4.08% or $0.12 from last year’s $2.94 per share. ESS’s profit will be $209.02M for 20.06 P/E if the $3.06 EPS becomes a reality. After $3.01 actual earnings per share reported by Essex Property Trust, Inc. for the previous quarter, Wall Street now forecasts 1.66% EPS growth.

Adelante Capital Management Llc holds 4.1% of its portfolio in Essex Property Trust, Inc. for 312,955 shares. Resolution Capital Ltd owns 356,612 shares or 3.85% of their US portfolio. Moreover, Cbre Clarion Securities Llc has 3.02% invested in the company for 1.09 million shares. The New York-based Cohen & Steers Inc has invested 2.58% in the stock. Garland Capital Management Inc, a Washington-based fund reported 14,970 shares.

Since January 1, 0001, it had 0 insider buys, and 5 selling transactions for $2.12 million activity.

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

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