As Eaton Plc (ETN) Stock Rose, Plante Moran Financial Advisors Has Trimmed Its Position by $365,332; As Red Hat (RHT) Valuation Rose, Ontario Teachers Pension Plan Board Has Trimmed Its Position by $667,590

January 14, 2018 - By Peter Kolinski

Plante Moran Financial Advisors Llc decreased its stake in Eaton Corp Plc (ETN) by 18.93% based on its latest 2017Q3 regulatory filing with the SEC. Plante Moran Financial Advisors Llc sold 4,807 shares as the company’s stock rose 8.91% with the market. The institutional investor held 20,587 shares of the technology company at the end of 2017Q3, valued at $1.58 million, down from 25,394 at the end of the previous reported quarter. Plante Moran Financial Advisors Llc who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $37.47 billion market cap company. The stock increased 0.30% or $0.25 during the last trading session, reaching $84.24. About 2.42 million shares traded or 1.01% up from the average. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since January 14, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Ontario Teachers Pension Plan Board decreased its stake in Red Hat Inc (RHT) by 19.01% based on its latest 2017Q3 regulatory filing with the SEC. Ontario Teachers Pension Plan Board sold 6,069 shares as the company’s stock rose 4.33% with the market. The institutional investor held 25,850 shares of the technology company at the end of 2017Q3, valued at $2.87 million, down from 31,919 at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in Red Hat Inc for a number of months, seems to be less bullish one the $22.29B market cap company. The stock decreased 0.17% or $0.21 during the last trading session, reaching $125.95. About 1.07 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since January 14, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

Among 34 analysts covering Red Hat (NYSE:RHT), 25 have Buy rating, 1 Sell and 8 Hold. Therefore 74% are positive. Red Hat had 111 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America on Tuesday, January 26 to “Neutral”. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Stifel Nicolaus on Monday, September 25. The rating was maintained by BMO Capital Markets on Tuesday, March 28 with “Market Perform”. Wells Fargo maintained Red Hat, Inc. (NYSE:RHT) rating on Tuesday, September 19. Wells Fargo has “Outperform” rating and $120 target. JP Morgan maintained Red Hat, Inc. (NYSE:RHT) on Tuesday, September 22 with “Overweight” rating. Wells Fargo maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 20. Wells Fargo has “Buy” rating and $144.0 target. The stock has “Hold” rating by BMO Capital Markets on Monday, August 14. The rating was downgraded by Zacks on Tuesday, August 25 to “Hold”. The company was maintained on Monday, September 18 by Barclays Capital. RBC Capital Markets maintained Red Hat, Inc. (NYSE:RHT) on Friday, December 18 with “Outperform” rating.

Ontario Teachers Pension Plan Board, which manages about $7.54 billion US Long portfolio, upped its stake in Campbell Soup Co (NYSE:CPB) by 31,553 shares to 136,169 shares, valued at $6.38 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (FXI) by 300,000 shares in the quarter, for a total of 460,000 shares, and has risen its stake in Truecar Inc (NASDAQ:TRUE).

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.02, from 1.25 in 2017Q2. It turned negative, as 43 investors sold RHT shares while 154 reduced holdings. 65 funds opened positions while 177 raised stakes. 157.62 million shares or 0.16% less from 157.87 million shares in 2017Q2 were reported. Telemark Asset Mngmt Ltd Liability Corporation holds 100,000 shares. Jericho Cap Asset Mngmt LP accumulated 1.68M shares or 10.56% of the stock. Century Incorporated reported 953,634 shares stake. Los Angeles Cap Mgmt & Equity Research holds 0% or 3,738 shares. Clifford Swan Invest Counsel Limited Co invested 0.02% of its portfolio in Red Hat, Inc. (NYSE:RHT). Livforsakringsbolaget Skandia Omsesidigt holds 3,414 shares. Renaissance Techs Ltd Limited Liability Company holds 0.08% or 634,765 shares. Fred Alger Mgmt Incorporated reported 966,203 shares. Alyeska Inv Ltd Partnership reported 27,147 shares. 17.83M were reported by Vanguard Group Incorporated. Point72 Asset Management Limited Partnership invested in 29,200 shares. Brinker Capital has invested 0.17% in Red Hat, Inc. (NYSE:RHT). 15,115 were accumulated by 1St Source Bancorp. Counsel Ltd Llc has invested 6.1% in Red Hat, Inc. (NYSE:RHT). Oakbrook Invs Limited reported 13,775 shares.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It fall, as 59 investors sold ETN shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported. Whittier Trust Of Nevada Inc reported 0.28% of its portfolio in Eaton Corporation plc (NYSE:ETN). Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 36,174 shares or 0.04% of their US portfolio. Stonebridge Cap Limited Liability Com holds 0.57% in Eaton Corporation plc (NYSE:ETN) or 30,381 shares. Jefferies Group Inc Ltd Liability Co holds 0.06% in Eaton Corporation plc (NYSE:ETN) or 111,849 shares. Amalgamated Retail Bank reported 0.12% in Eaton Corporation plc (NYSE:ETN). 43 were accumulated by Vantage Invest Limited Co. Wilen Investment Management Corp stated it has 0.2% of its portfolio in Eaton Corporation plc (NYSE:ETN). Kcm Invest Advsr Limited Com stated it has 18,704 shares or 0.09% of all its holdings. Fdx Advsr invested in 73,379 shares. Canada Pension Plan Inv Board, Ontario – Canada-based fund reported 375,869 shares. Miller Howard Investments New York has 763,608 shares. Puzo Michael J holds 0.14% or 3,400 shares in its portfolio. 925,654 are held by Thrivent Financial For Lutherans. Advsrs Asset reported 14,224 shares. Teachers Retirement Systems Of The State Of Kentucky has invested 0.12% in Eaton Corporation plc (NYSE:ETN).

Plante Moran Financial Advisors Llc, which manages about $10.58B and $168.21M US Long portfolio, upped its stake in Ishares Core S&P Mid (IJH) by 2,131 shares to 15,271 shares, valued at $2.73M in 2017Q3, according to the filing. It also increased its holding in Ishares Russell 1000 (IWB) by 7,558 shares in the quarter, for a total of 24,233 shares, and has risen its stake in Spdr S&P 500 Etf (SPY).

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