Robert W. Baird reiterated their not rated rating on shares of Red Hat (NYSE:RHT) in a research note published on Thursday morning, BenzingaRatingsTable reports.

Several other equities analysts have also commented on RHT. William Blair reissued a buy rating on shares of Dynavax Technologies in a research report on Friday, June 21st. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $179.37.

NYSE RHT opened at $187.71 on Thursday. The firm has a market cap of $33.43 billion, a price-to-earnings ratio of 67.28, a P/E/G ratio of 3.98 and a beta of 0.45. Red Hat has a 1-year low of $115.31 and a 1-year high of $189.14. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $186.50.

Red Hat (NYSE:RHT) last released its quarterly earnings data on Thursday, June 20th. The open-source software company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. The business had revenue of $934.10 million for the quarter, compared to analyst estimates of $931.58 million. Red Hat had a return on equity of 36.67% and a net margin of 13.26%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, equities analysts expect that Red Hat will post 3.14 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. 6 Meridian boosted its position in Red Hat by 2.3% during the 2nd quarter. 6 Meridian now owns 2,767 shares of the open-source software company’s stock worth $520,000 after acquiring an additional 62 shares during the period. Nisa Investment Advisors LLC boosted its position in Red Hat by 0.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 60,600 shares of the open-source software company’s stock worth $11,378,000 after acquiring an additional 300 shares during the period. Alpine Global Management LLC boosted its position in Red Hat by 21.7% during the 2nd quarter. Alpine Global Management LLC now owns 70,000 shares of the open-source software company’s stock worth $13,143,000 after acquiring an additional 12,500 shares during the period. Havens Advisors LLC boosted its position in Red Hat by 4.4% during the 2nd quarter. Havens Advisors LLC now owns 78,390 shares of the open-source software company’s stock worth $14,719,000 after acquiring an additional 3,300 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its position in Red Hat by 6.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 34,728 shares of the open-source software company’s stock worth $6,521,000 after acquiring an additional 2,136 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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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Analyst Recommendations for Red Hat (NYSE:RHT)

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