Sun Life Financial Has Decreased Its United Technologies (UTX) Stake; Gagnon Securities Has Trimmed Red Hat (RHT) Stake

April 20, 2018 - By Michael Collier

United Technologies Corporation (NYSE:UTX) Logo

Sun Life Financial Inc decreased United Technologies Corp (UTX) stake by 39.65% reported in 2017Q4 SEC filing. Sun Life Financial Inc sold 3,842 shares as United Technologies Corp (UTX)’s stock declined 1.53%. The Sun Life Financial Inc holds 5,848 shares with $746,000 value, down from 9,690 last quarter. United Technologies Corp now has $98.48 billion valuation. The stock decreased 0.62% or $0.77 during the last trading session, reaching $123.08. About 5.36M shares traded or 4.01% up from the average. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 20, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Gagnon Securities Llc decreased Red Hat Inc (RHT) stake by 9.24% reported in 2017Q4 SEC filing. Gagnon Securities Llc sold 11,530 shares as Red Hat Inc (RHT)’s stock rose 25.63%. The Gagnon Securities Llc holds 113,201 shares with $13.60M value, down from 124,731 last quarter. Red Hat Inc now has $28.19B valuation. The stock decreased 0.54% or $0.86 during the last trading session, reaching $159.28. About 1.72M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since April 20, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

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. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, March 27. As per Monday, March 26, the company rating was maintained by Piper Jaffray. JP Morgan maintained the shares of RHT in report on Tuesday, September 22 with “Overweight” rating. Bank of America downgraded Red Hat, Inc. (NYSE:RHT) on Tuesday, October 24 to “Sell” rating. The firm earned “Buy” rating on Tuesday, March 27 by Deutsche Bank. The company was maintained on Wednesday, December 20 by Jefferies. The rating was maintained by BMO Capital Markets with “Market Perform” on Tuesday, March 28. The firm earned “Outperform” rating on Thursday, September 22 by BMO Capital Markets. As per Friday, September 15, the company rating was maintained by BMO Capital Markets. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, March 28.

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It is negative, 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. Nelson Van Denburg & Campbell Wealth Group Limited Liability has 1,559 shares. 4,450 are owned by Tocqueville Asset Limited Partnership. Jennison Assoc Ltd Liability stated it has 1.13% of its portfolio in Red Hat, Inc. (NYSE:RHT). Cambridge Invest Rech Advsrs Inc stated it has 0.01% in Red Hat, Inc. (NYSE:RHT). Bbva Compass Bank & Trust Inc invested in 0.03% or 3,891 shares. 43,160 were reported by Amer Natl Insurance Tx. Shine Advisory holds 1,188 shares or 0.07% of its portfolio. Integral Derivatives Limited Liability owns 0.01% invested in Red Hat, Inc. (NYSE:RHT) for 4,239 shares. Whittier Tru Of Nevada invested in 183 shares or 0% of the stock. United Automobile Association owns 136,119 shares for 0.04% of their portfolio. Seabridge Inv Advsrs Ltd Liability Corporation holds 0.17% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 6,660 shares. Barbara Oil holds 11,000 shares or 0.84% of its portfolio. Cap Counsel Inc accumulated 24,063 shares or 1.19% of the stock. 564 were reported by Benjamin F Edwards Company Incorporated. Sterling Capital Mgmt Limited Liability reported 0.6% stake.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 19. They expect $0.49 earnings per share, up 22.50% or $0.09 from last year’s $0.4 per share. RHT’s profit will be $86.73M for 81.27 P/E if the $0.49 EPS becomes a reality. After $0.73 actual earnings per share reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

Sun Life Financial Inc increased Public Service Enterprise Group Inc (NYSE:PEG) stake by 19,955 shares to 32,809 valued at $1.69M in 2017Q4. It also upped Vanguard Whitehall Fds Inc (VYM) stake by 7,723 shares and now owns 81,222 shares. Centerpoint Energy Inc (NYSE:CNP) was raised too.

Since December 13, 2017, it had 0 buys, and 5 insider sales for $1.06 million activity. 864 shares were sold by Bailey Robert J., worth $108,873 on Friday, December 15. $546,600 worth of United Technologies Corporation (NYSE:UTX) was sold by Amato Elizabeth B on Friday, December 15.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.13, from 1.05 in 2017Q3. It turned negative, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Compton Cap Mngmt Ri accumulated 0.9% or 16,481 shares. Massachusetts Fin Co Ma holds 17.34 million shares or 0.93% of its portfolio. Field Main Bancorporation accumulated 11,556 shares. Brown Advisory Incorporated holds 0.44% of its portfolio in United Technologies Corporation (NYSE:UTX) for 1.08 million shares. Schmidt P J Investment stated it has 0.31% of its portfolio in United Technologies Corporation (NYSE:UTX). Cypress Capital Mgmt owns 85,756 shares for 2.1% of their portfolio. American Communications Tx, Texas-based fund reported 101,690 shares. Asset Mngmt Inc has invested 0.3% of its portfolio in United Technologies Corporation (NYSE:UTX). Select Equity Gru Limited Partnership has invested 0.08% of its portfolio in United Technologies Corporation (NYSE:UTX). Clifford Swan Invest Counsel Limited stated it has 0.92% of its portfolio in United Technologies Corporation (NYSE:UTX). Contravisory Investment Mngmt has 142 shares for 0.01% of their portfolio. New York-based Neville Rodie Shaw Inc has invested 0.88% in United Technologies Corporation (NYSE:UTX). Apriem Advsr holds 0.88% of its portfolio in United Technologies Corporation (NYSE:UTX) for 27,795 shares. Pennsylvania-based Veritable Lp has invested 0.2% in United Technologies Corporation (NYSE:UTX). Earnest Ptnrs Llc has invested 0% in United Technologies Corporation (NYSE:UTX).

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

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