Winslow Evans & Crocker Inc. bought a new stake in shares of Red Hat Inc (NYSE:RHT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,610 shares of the open-source software company’s stock, valued at approximately $193,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. D.A. Davidson & CO. lifted its holdings in Red Hat by 6.8% during the second quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock valued at $102,000 after purchasing an additional 68 shares in the last quarter. Clear Perspective Advisors LLC purchased a new position in Red Hat during the second quarter valued at approximately $112,000. Sun Life Financial INC lifted its holdings in Red Hat by 14,837.5% during the second quarter. Sun Life Financial INC now owns 1,195 shares of the open-source software company’s stock valued at $114,000 after purchasing an additional 1,187 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in Red Hat during the second quarter valued at approximately $135,000. Finally, Zions Bancorporation purchased a new position in Red Hat during the third quarter valued at approximately $164,000. Institutional investors own 94.32% of the company’s stock.

RHT has been the topic of several analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Red Hat in a report on Tuesday, September 26th. Mizuho reaffirmed a “buy” rating and set a $125.00 price target (up previously from $109.00) on shares of Red Hat in a report on Tuesday, September 26th. Drexel Hamilton reaffirmed a “buy” rating and set a $130.00 price target (up previously from $127.00) on shares of Red Hat in a report on Monday, September 25th. Stifel Nicolaus lifted their price target on shares of Red Hat from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, September 26th. Finally, BTIG Research reaffirmed a “buy” rating and set a $120.00 price target on shares of Red Hat in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $124.25.

Red Hat Inc (NYSE:RHT) opened at $125.94 on Friday. The company has a market cap of $22,208.73, a price-to-earnings ratio of 68.82, a PEG ratio of 3.83 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 1.37. Red Hat Inc has a 1-year low of $73.46 and a 1-year high of $130.93.

Red Hat (NYSE:RHT) last released its quarterly earnings results 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. The company had revenue of $747.98 million for the quarter, compared to the consensus estimate of $734.69 million. Red Hat had a net margin of 12.14% and a return on equity of 26.23%. Red Hat’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. research analysts expect that Red Hat Inc will post 2.08 EPS for the current fiscal year.

In related news, CEO James M. Whitehurst sold 5,593 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $698,397.91. Following the sale, the chief executive officer now owns 373,506 shares of the company’s stock, valued at $46,639,694.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Delisa Alexander sold 1,393 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $173,943.91. Following the sale, the executive vice president now directly owns 36,420 shares in the company, valued at approximately $4,547,765.40. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Red Hat (NYSE:RHT)

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