Red Hat, Inc. (NYSE:RHT) Director William S. Kaiser sold 14,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $114.79, for a total value of $1,607,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Red Hat, Inc. (NYSE:RHT) traded up 1.33% during mid-day trading on Friday, hitting $117.06. 2,041,735 shares of the stock were exchanged. The company has a 50-day moving average of $107.25 and a 200 day moving average of $95.46. Red Hat, Inc. has a one year low of $68.54 and a one year high of $117.22. The stock has a market cap of $20.75 billion, a PE ratio of 70.05 and a beta of 1.25.

Red Hat (NYSE:RHT) last announced its quarterly earnings data on Monday, September 25th. The open-source software company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. The business had revenue of $723.60 million for the quarter, compared to the consensus estimate of $699.56 million. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. On average, equities analysts predict that Red Hat, Inc. will post $2.79 earnings per share for the current year.

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Several equities analysts recently issued reports on the company. J P Morgan Chase & Co reissued an “overweight” rating and issued a $117.00 target price (up from $110.00) on shares of Red Hat in a research report on Tuesday, September 26th. Drexel Hamilton reissued a “buy” rating and issued a $127.00 target price on shares of Red Hat in a research report on Tuesday, September 19th. KeyCorp reissued an “overweight” rating and issued a $125.00 target price (up from $121.00) on shares of Red Hat in a research report on Tuesday, September 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 target price (up from $115.00) on shares of Red Hat in a research report on Tuesday, September 26th. Finally, Deutsche Bank AG upped their target price on Red Hat from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $110.93.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its stake in shares of 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 buying an additional 68 shares during the period. Nordea Investment Management AB raised its stake in Red Hat by 1.0% during the first quarter. Nordea Investment Management AB now owns 6,919 shares of the open-source software company’s stock worth $598,000 after purchasing an additional 70 shares during the period. Gyroscope Capital Management Group LLC raised its stake in Red Hat by 4.0% during the second quarter. Gyroscope Capital Management Group LLC now owns 2,429 shares of the open-source software company’s stock worth $233,000 after purchasing an additional 93 shares during the period. RB Capital Management LLC raised its stake in Red Hat by 2.6% during the second quarter. RB Capital Management LLC now owns 3,875 shares of the open-source software company’s stock worth $371,000 after purchasing an additional 100 shares during the period. Finally, Outfitter Advisors LTD. raised its stake in Red Hat by 0.9% during the second quarter. Outfitter Advisors LTD. now owns 11,120 shares of the open-source software company’s stock worth $1,065,000 after purchasing an additional 100 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Red Hat Company Profile

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.

Insider Buying and Selling by Quarter for Red Hat (NYSE:RHT)

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