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Is Red Hat, Inc. (NYSE:RHT) a buy or a sell? If you were to ask many investors, hedge funds are seen as delayed, old financial vehicles of a forgotten age. Let's analyze the latest info for Red Hat, Inc.
How are hedge funds trading Red Hat, Inc. (NYSE:RHT)?
In preparation for the third quarter, a total of 30 of the hedge funds we track held long positions in this stock, a change of -14% from one quarter earlier. With the smart money's sentiment swirling, there exists an "upper tier" of notable hedge fund managers who were increasing their holdings significantly.