CENTRAL TRUST Co raised its holdings in Red Hat Inc (NYSE:RHT) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,052 shares of the open-source software company’s stock after purchasing an additional 63 shares during the period. CENTRAL TRUST Co’s holdings in Red Hat were worth $360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RHT. Truvestments Capital LLC bought a new stake in shares of Red Hat in the 3rd quarter valued at approximately $138,000. Stratos Wealth Partners LTD. bought a new stake in shares of Red Hat in the 3rd quarter valued at approximately $146,000. Whitener Capital Management Inc. bought a new stake in shares of Red Hat in the 3rd quarter valued at approximately $151,000. Columbia Asset Management bought a new stake in shares of Red Hat in the 3rd quarter valued at approximately $176,000. Finally, WESPAC Advisors SoCal LLC bought a new stake in shares of Red Hat in the 3rd quarter valued at approximately $190,000. 96.42% of the stock is currently owned by institutional investors.

NYSE:RHT opened at $176.06 on Friday. Red Hat Inc has a 1 year low of $115.31 and a 1 year high of $179.49. The firm has a market capitalization of $30.77 billion, a PE ratio of 76.55, a price-to-earnings-growth ratio of 4.48 and a beta of 0.60. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.23.

Red Hat (NYSE:RHT) last released its quarterly earnings results on Monday, December 17th. The open-source software company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Red Hat had a return on equity of 33.96% and a net margin of 8.66%. The company had revenue of $847.00 million during the quarter, compared to analysts’ expectations of $852.79 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, sell-side analysts predict that Red Hat Inc will post 2.59 earnings per share for the current year.

A number of equities research analysts have recently weighed in on RHT shares. Nomura downgraded Red Hat from a “buy” rating to a “hold” rating and boosted their price target for the company from $175.00 to $190.00 in a report on Tuesday, October 30th. JPMorgan Chase & Co. downgraded Red Hat from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $150.00 in a report on Tuesday, September 18th. Jefferies Financial Group lowered their price target on Red Hat from $154.00 to $140.00 and set a “hold” rating for the company in a report on Friday, September 21st. KeyCorp lowered their price target on Red Hat from $184.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, September 20th. Finally, Royal Bank of Canada lowered their price target on Red Hat to $169.00 and set an “outperform” rating for the company in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Red Hat has a consensus rating of “Hold” and an average price target of $165.36.

In other news, EVP Delisa Alexander sold 960 shares of the stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $125.03, for a total value of $120,028.80. Following the completion of the transaction, the executive vice president now owns 33,217 shares of the company’s stock, valued at $4,153,121.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James M. Whitehurst sold 2,513 shares of the company’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $125.03, for a total value of $314,200.39. Following the completion of the sale, the chief executive officer now owns 361,627 shares of the company’s stock, valued at approximately $45,214,223.81. The disclosure for this sale can be found here. In the last three months, insiders sold 3,631 shares of company stock valued at $453,984. Company insiders own 0.58% of the company’s stock.

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About Red Hat

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 (NYSE:RHT)

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