Is Red Hat, Inc. (RHT) Stock a Sell after Michael Cunningham’s Insider Sale?; Ballentine Partners Lowered By $478,800 Its Athenahealth (ATHN) Position

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Ballentine Partners Llc decreased Athenahealth Inc (ATHN) stake by 11.33% reported in 2018Q3 SEC filing. Ballentine Partners Llc sold 3,600 shares as Athenahealth Inc (ATHN)’s stock declined 9.64%. The Ballentine Partners Llc holds 28,165 shares with $3.76 million value, down from 31,765 last quarter. Athenahealth Inc now has $5.56B valuation. The stock increased 0.01% or $0.01 during the last trading session, reaching $134.99. About 2.51 million shares traded or 133.71% up from the average. athenahealth, Inc. (NASDAQ:ATHN) has declined 2.25% since February 11, 2018 and is downtrending. It has underperformed by 2.25% the S&P500. Some Historical ATHN News: 07/05/2018 – Athenahealth Confirmed It Received an Unsolicited Proposal From Elliott Management; 14/05/2018 – ELLIOTT MANAGEMENT SAYS AWARE THAT OTHER PARTIES HAVE CONVEYED DIRECTLY TO ATHENAHEALTH INTEREST IN ACQUIRING ATHENAHEALTH; 07/05/2018 – Elliott Management Proposes to Acquire Athenahealth for $160/Share in Cash; 29/05/2018 – Athenahealth CEO apologizes for attacking ex-wife during custody battle more than a decade ago; 24/05/2018 – Elliott Says Athenahealth Reached Out in Response to Deal Offer; 07/05/2018 – ValueWalk: CNBC BREAKING: Paul Singer’s Elliott to make all-cash offer for Athenahealth of; 07/05/2018 – ELLIOTT MGMT MAKES PROPOSAL TO BUY ATHENAHEALTH; 07/05/2018 – RT @CNBCnow: @davidfaber BREAKING: Athenahealth soars 20% in pre-market trading after sources tell CNBC that Elliott has made an all-cash o…; 07/05/2018 – Elliott Approached Athenahealth About Possibility of Take-Private Transaction Last Nov. but Co. Refused to Engage; 24/04/2018 – Champlain College Online Forms truED Alliance Partnership with athenahealth

Investors sentiment increased to 1.33 in 2018 Q3. Its up 0.13, from 1.2 in 2018Q2. It increased, as 39 investors sold ATHN shares while 58 reduced holdings. 57 funds opened positions while 72 raised stakes. 37.55 million shares or 5.13% less from 39.58 million shares in 2018Q2 were reported. Pentwater Capital Mngmt Ltd Partnership stated it has 0.13% in athenahealth, Inc. (NASDAQ:ATHN). Jefferies Lc invested 0.01% in athenahealth, Inc. (NASDAQ:ATHN). Great West Life Assurance Can reported 4,278 shares. Wealthtrust, a Alabama-based fund reported 125 shares. Macquarie Gp Limited stated it has 11,325 shares or 0% of all its holdings. Fifth Third Bank has 0% invested in athenahealth, Inc. (NASDAQ:ATHN). Alpine holds 78,844 shares. Lpl Financial Ltd Llc holds 0% or 4,581 shares in its portfolio. Daiwa Sb Investments stated it has 0.82% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN). Tompkins Fin reported 333 shares. 9,425 are held by Brown Advisory Inc. Federated Invsts Incorporated Pa owns 57,365 shares. Art Ltd Liability accumulated 9,600 shares or 0.06% of the stock. Evercore Wealth Mngmt Ltd Liability has invested 0.02% in athenahealth, Inc. (NASDAQ:ATHN). 168,200 are owned by Kornitzer Mngmt Ks.

Since August 27, 2018, it had 0 insider buys, and 4 sales for $340,770 activity. Shares for $17,750 were sold by Porter Jonathan D. on Friday, October 26. Shares for $280,413 were sold by Haley Daniel P on Monday, October 1.

Among 7 analysts covering athenahealth (NASDAQ:ATHN), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. athenahealth had 7 analyst reports since November 12, 2018 according to SRatingsIntel. SunTrust downgraded the shares of ATHN in report on Tuesday, November 13 to “Hold” rating. KeyBanc Capital Markets maintained athenahealth, Inc. (NASDAQ:ATHN) rating on Monday, November 12. KeyBanc Capital Markets has “Overweight” rating and $142 target. Robert W. Baird downgraded it to “Neutral” rating and $135 target in Monday, November 12 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, December 3. Citigroup maintained it with “Neutral” rating and $135 target in Tuesday, November 13 report. The stock of athenahealth, Inc. (NASDAQ:ATHN) earned “Hold” rating by Canaccord Genuity on Tuesday, November 13. The stock of athenahealth, Inc. (NASDAQ:ATHN) earned “Market Perform” rating by Wells Fargo on Tuesday, November 27.

Ballentine Partners Llc increased Facebook Inc (NASDAQ:FB) stake by 17,988 shares to 18,488 valued at $3.04 million in 2018Q3. It also upped Magellan Midstream Prtnrs Lp (NYSE:MMP) stake by 21,628 shares and now owns 43,716 shares. Ishares Inc (IEMG) was raised too.

More notable recent athenahealth, Inc. (NASDAQ:ATHN) news were published by: Nasdaq.com which released: “Here’s Why Investors Should Retain athenahealth (ATHN) Stock – Nasdaq” on January 17, 2019, also Nasdaq.com with their article: “Athenahealth (ATHN) Earnings Expected to Grow: Should You Buy? – Nasdaq” published on January 31, 2019, Digitaljournal.com published: “NASDAQ:ATHN Investor Alert: Lawsuit Filed Against the Acquisition of Athenahealth, Inc. – Press Release – Digital Journal” on January 14, 2019. More interesting news about athenahealth, Inc. (NASDAQ:ATHN) were released by: Nasdaq.com and their article: “Better Buy: Veeva Systems vs. Cerner – Nasdaq” published on January 30, 2019 as well as Nasdaq.com‘s news article titled: “Cerner (CERN) Teams Up With Nebraska-Based LRHC, Shares Up – Nasdaq” with publication date: January 16, 2019.

Investors sentiment decreased to 1.05 in Q3 2018. Its down 0.03, from 1.08 in 2018Q2. It fall, as 49 investors sold Red Hat, Inc. shares while 179 reduced holdings. 75 funds opened positions while 164 raised stakes. 161.15 million shares or 0.84% more from 159.81 million shares in 2018Q2 were reported. Cookson Peirce And has invested 0.49% in Red Hat, Inc. (NYSE:RHT). Laurion Cap Ltd Partnership has invested 0.01% in Red Hat, Inc. (NYSE:RHT). First Interstate Bank & Trust reported 650 shares. Twin Capital Mgmt Inc accumulated 14,260 shares. Metropolitan Life Ins Com New York has invested 0.1% in Red Hat, Inc. (NYSE:RHT). Plante Moran Ltd Limited Liability Company has 0.01% invested in Red Hat, Inc. (NYSE:RHT). The Washington-based Freestone Ltd has invested 0% in Red Hat, Inc. (NYSE:RHT). Mutual Of America Cap Mngmt Ltd invested in 0.05% or 27,720 shares. Champlain Ltd Com owns 1.28M shares or 1.55% of their US portfolio. 132,069 are held by Nuveen Asset Management Limited Liability Corporation. Brown Advisory holds 0.13% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 341,772 shares. New Jersey Better Educational Savings owns 2,000 shares or 0.28% of their US portfolio. Columbia Asset has invested 0.05% in Red Hat, Inc. (NYSE:RHT). Bancorp Of Nova Scotia has 0.03% invested in Red Hat, Inc. (NYSE:RHT). Virtu Ltd Limited Liability Company stated it has 9,957 shares.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on March, 25. They expect $0.77 earnings per share, up 5.48% or $0.04 from last year’s $0.73 per share. RHT’s profit will be $136.11M for 58.18 P/E if the $0.77 EPS becomes a reality. After $0.70 actual earnings per share reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. The company has market cap of $31.67 billion. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows clients to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. It has a 120.26 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.

Among 10 analysts covering Red Hat (NYSE:RHT), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. Red Hat has $190 highest and $150 lowest target. $181.90’s average target is 1.52% above currents $179.18 stock price. Red Hat had 14 analyst reports since September 7, 2018 according to SRatingsIntel. Nomura maintained the stock with “Buy” rating in Thursday, September 20 report. Credit Suisse maintained it with “Neutral” rating and $190 target in Monday, October 29 report. Nomura downgraded the shares of RHT in report on Tuesday, October 30 to “Neutral” rating. As per Monday, October 29, the company rating was downgraded by Stifel Nicolaus. KeyBanc Capital Markets maintained it with “Overweight” rating and $180 target in Thursday, September 20 report. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, November 5. On Monday, October 29 the stock rating was downgraded by Deutsche Bank to “Hold”. Stifel Nicolaus maintained the shares of RHT in report on Thursday, September 20 with “Buy” rating. The rating was downgraded by Citigroup to “Neutral” on Tuesday, October 30. Barclays Capital maintained the stock with “Overweight” rating in Friday, September 7 report.

Since October 16, 2018, it had 0 insider purchases, and 4 insider sales for $814,814 activity. On Tuesday, October 16 Whitehurst James M sold $314,200 worth of Red Hat, Inc. (NYSE:RHT) or 2,513 shares. Kelly Michael A sold $19,755 worth of stock. Alexander DeLisa also sold $120,029 worth of Red Hat, Inc. (NYSE:RHT) on Tuesday, October 16.

The stock decreased 0.11% or $0.19 during the last trading session, reaching $179.18. About 1.65M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 42.97% since February 11, 2018 and is uptrending. It has outperformed by 42.97% the S&P500. Some Historical RHT News: 07/05/2018 – RED HAT APPOINTS ALFRED W. ZOLLAR TO ITS BOARD OF DIRECTORS; 01/05/2018 – Red Hat to Livestream Red Hat Summit Press Conference and General Sessions; 26/03/2018 – RED HAT INC RHT.N SEES FY 2019 NON-GAAP SHR ABOUT $3.38 TO $3.41; 26/03/2018 – RED HAT INC – TOTAL BACKLOG FOR FISCAL YEAR 2018 WAS IN EXCESS OF $3.4 BLN, UP 24 PCT YEAR-OVER-YEAR; 19/03/2018 – RED HAT INC RHT.N : BARCLAYS RAISES TARGET PRICE TO $165 FROM $145; 28/03/2018 – Red Hat to Stay in Bond Market Despite Plans to Repatriate Offshore Cash; 10/04/2018 – DLT Solutions Awarded DoD Enterprise Software Initiative Contract for Red Hat; 21/03/2018 – CloudBees Jenkins Enterprise Now Available for Red Hat OpenShift Container Platform; 27/03/2018 – RED HAT INC RHT.N : BMO RAISES TARGET PRICE TO $180 FROM $172; 27/03/2018 – Tech Today: Zuck’s Parliament Fail, Cheers for Lam Research, Red Hat Targets Soar — Barron’s Blog

More notable recent Red Hat, Inc. (NYSE:RHT) news were published by: Seekingalpha.com which released: “Red Hat holders vote for IBM merger – Seeking Alpha” on January 16, 2019, also Fool.com with their article: “Why Red Hat’s Stock Rose 46.2% in 2018 – Motley Fool” published on January 14, 2019, Businesswire.com published: “Red Hat Extends Datacenter Infrastructure Control, Automation with Latest Version of Red Hat CloudForms – Business Wire” on February 07, 2019. More interesting news about Red Hat, Inc. (NYSE:RHT) were released by: Seekingalpha.com and their article: “Red Hat drops MongoDB over SSPL; MDB -3% – Seeking Alpha” published on January 16, 2019 as well as Benzinga.com‘s news article titled: “Street’s Reaction To Big Blue Buying Red Hat (NYSE:RHT)(NYSE:IBM) – Benzinga” with publication date: October 29, 2018.

The well-informed person Michael Cunningham who is EVP – General Counsel of Red Hat Inc unloaded some 25,000 shares of the public company having a total value of $4,469,750 US Dollars based on a market stock price of $178.8 for share. The likelihood that the trade stays hidden are super little in view of the large amount of money involved. Today, Michael Cunningham owns 25,071 shares which make up about 0.01% of the Company’s total market cap. This transaction was reported on 11-02-2019 and is already filed with the (SEC). The public 4F filing is at your disposal for a review to the public here.

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

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