Syntel (SYNT) Market Valuation Declined While Horrell Capital Management Has Upped by $800,000 Its Position; As Red Hat (RHT) Share Value Rose, Shareholder Jericho Capital Asset Management LP Lowered Its Holding

October 12, 2017 - By Dolores Ford

Horrell Capital Management Inc increased its stake in Syntel (SYNT) by 45.13% based on its latest 2017Q2 regulatory filing with the SEC. Horrell Capital Management Inc bought 50,000 shares as the company’s stock declined 0.75% while stock markets rallied. The institutional investor held 160,800 shares of the technology company at the end of 2017Q2, valued at $2.73M, up from 110,800 at the end of the previous reported quarter. Horrell Capital Management Inc who had been investing in Syntel for a number of months, seems to be bullish on the $1.66 billion market cap company. The stock rose 0.05% or $0.01 reaching $19.78 per share. About 50,541 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since October 12, 2016 and is downtrending. It has underperformed by 49.34% the S&P500.

Josh Resnick decreased its stake in Red Hat Inc (RHT) by 7.08% based on its latest 2017Q2 regulatory filing with the SEC. Jericho Capital Asset Management Lp sold 76,000 shares as the company’s stock rose 4.33% with the market. The hedge fund run by Josh Resnick held 997,017 shares of the technology company at the end of 2017Q2, valued at $95.46M, down from 1.07M at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Red Hat Inc for a number of months, seems to be less bullish one the $21.60 billion market cap company. The stock rose 1.25% or $1.49 reaching $120.86. About 915,500 shares traded. Red Hat Inc (NYSE:RHT) has risen 18.97% since October 12, 2016 and is uptrending. It has outperformed by 2.27% the S&P500.

Among 11 analysts covering Syntel Inc. (NASDAQ:SYNT), 2 have Buy rating, 0 Sell and 9 Hold. Therefore 18% are positive. Syntel Inc. had 27 analyst reports since August 14, 2015 according to SRatingsIntel. Barrington Research downgraded Syntel, Inc. (NASDAQ:SYNT) on Thursday, September 22 to “Mkt Perform” rating. The stock has “Hold” rating by SunTrust on Monday, October 24. The firm has “Hold” rating given on Tuesday, August 22 by Cowen & Co. The stock has “Outperform” rating by Robert W. Baird on Thursday, August 20. Robert W. Baird maintained the stock with “Neutral” rating in Tuesday, September 13 report. The rating was initiated by Loop Capital with “Buy” on Tuesday, January 10. The rating was downgraded by Robert W. Baird on Monday, April 18 to “Neutral”. The rating was initiated by Suntrust Robinson with “Buy” on Thursday, September 10. SunTrust maintained the stock with “Buy” rating in Wednesday, October 5 report. The company was downgraded on Friday, February 19 by Wells Fargo.

Since May 3, 2017, it had 2 insider buys, and 0 selling transactions for $100,700 activity. 3,775 shares were bought by Jain Anil, worth $65,289.

Investors sentiment increased to 1.24 in 2017 Q2. Its up 0.30, from 0.94 in 2017Q1. It improved, as 22 investors sold SYNT shares while 29 reduced holdings. 19 funds opened positions while 44 raised stakes. 28.49 million shares or 4.56% more from 27.25 million shares in 2017Q1 were reported. Horrell Inc reported 1.61% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). The Alabama-based Oakworth Capital has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Goldman Sachs Gp holds 0% or 67,423 shares in its portfolio. Gru One Trading LP reported 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Intrepid Cap Mngmt Inc holds 8.74% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 1.32 million shares. Blackrock Inc accumulated 2.00 million shares. 125 were reported by Winfield. Gsa Capital Prns Limited Liability Partnership has 82,004 shares for 0.09% of their portfolio. Geode Cap Mngmt Ltd Limited Liability Company stated it has 378,586 shares or 0% of all its holdings. Fincl Bank Of New York Mellon Corporation stated it has 130,780 shares. Wfg Advsrs Limited Partnership invested in 0% or 128 shares. Fmr Limited Liability Company stated it has 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Lpl Fincl Limited Liability reported 0% in Syntel, Inc. (NASDAQ:SYNT). Federated Inc Pa reported 247,901 shares or 0.01% of all its holdings. Hsbc Holdings Public Limited reported 38,446 shares.

Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Red Hat had 91 analyst reports since August 25, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Buy” rating in Tuesday, September 26 report. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, March 28. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 18. As per Thursday, September 22, the company rating was maintained by BMO Capital Markets. The rating was maintained by BTIG Research with “Buy” on Wednesday, June 21. As per Tuesday, March 28, the company rating was maintained by RBC Capital Markets. As per Tuesday, March 28, the company rating was maintained by BMO Capital Markets. Stifel Nicolaus upgraded the stock to “Buy” rating in Wednesday, June 21 report. The company was maintained on Friday, December 18 by Mizuho. The stock of Red Hat Inc (NYSE:RHT) earned “Neutral” rating by Robert W. Baird on Tuesday, February 28.

Jericho Capital Asset Management Lp, which manages about $3.07B and $1.76 billion US Long portfolio, upped its stake in Broadcom Ltd by 11,000 shares to 223,000 shares, valued at $51.97 million in 2017Q2, according to the filing. It also increased its holding in Marvell Technology Group Ltd (NASDAQ:MRVL) by 333,968 shares in the quarter, for a total of 6.15 million shares, and has risen its stake in Symantec Corp (NASDAQ:SYMC).

Investors sentiment decreased to 1.25 in 2017 Q2. Its down 0.07, from 1.32 in 2017Q1. It fall, as 25 investors sold RHT shares while 161 reduced holdings. 77 funds opened positions while 156 raised stakes. 157.87 million shares or 0.26% more from 157.46 million shares in 2017Q1 were reported. Bnp Paribas Arbitrage Sa reported 338,423 shares stake. West Oak Capital Ltd reported 42 shares. Daiwa Securities Grp, Japan-based fund reported 5,200 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 0.02% in Red Hat Inc (NYSE:RHT) or 13,208 shares. Mitsubishi Ufj & Bk holds 0.07% of its portfolio in Red Hat Inc (NYSE:RHT) for 362,629 shares. Diversified Comm holds 0.02% of its portfolio in Red Hat Inc (NYSE:RHT) for 3,158 shares. Oak Assocs Ltd Oh holds 1.12% in Red Hat Inc (NYSE:RHT) or 154,608 shares. Rampart Management Llc owns 2,310 shares. San Francisco Sentry (Ca) owns 32 shares. Timessquare Cap Lc has 0.58% invested in Red Hat Inc (NYSE:RHT). 126,204 are held by Great West Life Assurance Can. 1,006 were reported by Point72 Asia (Hong Kong). Aristeia Cap Lc holds 0.35% of its portfolio in Red Hat Inc (NYSE:RHT) for 74,500 shares. 4,869 were reported by Kentucky Retirement Systems Insur Trust Fund. Ontario – Canada-based Manufacturers Life Insurance The has invested 0.02% in Red Hat Inc (NYSE:RHT).

More notable recent Red Hat Inc (NYSE:RHT) news were published by: Seekingalpha.com which released: “Red Hat – What Comes Next In This Growth Story?” on September 28, 2017, also Nasdaq.com with their article: “Red Hat (RHT) to Report Q2 Earnings: Will it Beat Estimates?” published on September 21, 2017, Nasdaq.com published: “Red Hat (RHT) Crushes Q2 Earnings Estimates, Raises ’18 View” on September 26, 2017. More interesting news about Red Hat Inc (NYSE:RHT) were released by: Nasdaq.com and their article: “Earnings Reaction History: Red Hat Inc., 55.6% Follow-Through Indicator, 14.1 …” published on September 25, 2017 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Tuesday: Ascena Retail Group Inc (ASNA), Red Hat Inc (RHT …” with publication date: September 26, 2017.

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