Hartwell J M Limited Partnership purchased a new stake in shares of Red Hat Inc (NYSE:RHT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,500 shares of the open-source software company’s stock, valued at approximately $661,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHT. Swedbank purchased a new position in Red Hat during the 3rd quarter valued at approximately $115,424,000. American Century Companies Inc. grew its holdings in Red Hat by 6,697.1% during the 3rd quarter. American Century Companies Inc. now owns 953,634 shares of the open-source software company’s stock valued at $105,720,000 after buying an additional 939,604 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Red Hat by 282.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,177,208 shares of the open-source software company’s stock valued at $112,718,000 after buying an additional 869,550 shares in the last quarter. Bank of Montreal Can grew its holdings in Red Hat by 93.9% during the 4th quarter. Bank of Montreal Can now owns 1,242,177 shares of the open-source software company’s stock valued at $149,187,000 after buying an additional 601,622 shares in the last quarter. Finally, Amerigo Asset Management purchased a new position in Red Hat during the 3rd quarter valued at approximately $36,584,000. Institutional investors and hedge funds own 94.61% of the company’s stock.
Red Hat Inc (RHT) traded up $0.22 on Monday, reaching $126.16. The company had a trading volume of 101,818 shares, compared to its average volume of 1,551,969. Red Hat Inc has a one year low of $73.46 and a one year high of $130.93. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.53. The stock has a market cap of $22,260.00, a PE ratio of 68.57, a P/E/G ratio of 3.85 and a beta of 1.19.
Red Hat (NYSE:RHT) last posted its quarterly earnings data on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. The company had revenue of $747.98 million during the quarter, compared to analysts’ expectations of $734.69 million. During the same quarter in the previous year, the business earned $0.61 EPS. Red Hat’s revenue was up 21.6% compared to the same quarter last year. sell-side analysts anticipate that Red Hat Inc will post 2.08 EPS for the current fiscal year.
Several equities analysts have weighed in on RHT shares. Zacks Investment Research cut Red Hat from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Northland Securities reiterated a “buy” rating and issued a $150.00 target price on shares of Red Hat in a report on Thursday, December 21st. Wells Fargo & Co reiterated an “outperform” rating and issued a $124.00 target price (up previously from $120.00) on shares of Red Hat in a report on Wednesday, September 27th. Mizuho lifted their target price on Red Hat from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $128.00 target price (up previously from $107.00) on shares of Red Hat in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. Red Hat presently has an average rating of “Buy” and an average target price of $124.25.
In related news, CEO James M. Whitehurst sold 5,593 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $124.87, for a total transaction of $698,397.91. Following the completion of the transaction, the chief executive officer now owns 373,506 shares in the company, valued at approximately $46,639,694.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Delisa Alexander sold 1,393 shares of Red Hat stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total value of $173,943.91. Following the sale, the executive vice president now directly owns 36,420 shares of the company’s stock, valued at $4,547,765.40. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
About Red Hat
Red Hat, Inc (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.
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