Security National Bank lowered its position in Red Hat Software (NYSE:RHT) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,771 shares of the open-source software company’s stock after selling 2,472 shares during the period. Red Hat Software comprises approximately 1.6% of Security National Bank’s holdings, making the stock its 27th largest position. Security National Bank’s holdings in Red Hat Software were worth $2,357,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. We Are One Seven LLC purchased a new stake in Red Hat Software in the 4th quarter worth approximately $105,000. Calton & Associates Inc. bought a new stake in shares of Red Hat Software in the 4th quarter worth about $189,000. Avestar Capital LLC bought a new stake in shares of Red Hat Software in the 4th quarter worth about $168,000. Aries Wealth Management bought a new stake in shares of Red Hat Software in the 4th quarter worth about $210,000. Finally, D.A. Davidson & CO. bought a new stake in shares of Red Hat Software in the 1st quarter worth about $253,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

RHT has been the subject of several research analyst reports. Raymond James boosted their target price on shares of Red Hat Software from $139.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, March 22nd. Nomura initiated coverage on shares of Red Hat Software in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $152.00 target price for the company. Zacks Investment Research raised shares of Red Hat Software from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a research report on Thursday, March 29th. Deutsche Bank boosted their target price on shares of Red Hat Software to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. Finally, BMO Capital Markets boosted their target price on shares of Red Hat Software from $142.00 to $172.00 and gave the stock a “market perform” rating in a research report on Friday, March 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $156.76.

In other news, EVP Delisa Alexander sold 10,844 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $164.00, for a total value of $1,778,416.00. Following the completion of the sale, the executive vice president now directly owns 42,629 shares of the company’s stock, valued at approximately $6,991,156. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James M. Whitehurst sold 20,529 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $164.23, for a total transaction of $3,371,477.67. The disclosure for this sale can be found here. Insiders have sold a total of 107,376 shares of company stock valued at $17,167,724 over the last three months. 0.66% of the stock is currently owned by company insiders.

Red Hat Software stock opened at $163.28 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.51. The stock has a market cap of $29.01 billion, a price-to-earnings ratio of 72.57, a PEG ratio of 4.05 and a beta of 1.07. Red Hat Software has a 52-week low of $85.96 and a 52-week high of $173.58.

Red Hat Software (NYSE:RHT) last posted its earnings results on Monday, March 26th. The open-source software company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $761.87 million. Red Hat Software had a net margin of 8.86% and a return on equity of 29.36%. Red Hat Software’s revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. equities analysts forecast that Red Hat Software will post 2.52 EPS for the current fiscal year.

Red Hat Software Profile

Red Hat, Inc provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications.

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

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