Red Hat Inc (NYSE:RHT) CEO James M. Whitehurst sold 5,593 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total value of $698,397.91. Following the sale, the chief executive officer now owns 373,506 shares in the company, valued at approximately $46,639,694.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Red Hat Inc (NYSE:RHT) traded down $1.13 during trading on Thursday, reaching $125.47. The company’s stock had a trading volume of 1,431,813 shares, compared to its average volume of 1,555,450. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $22,200.00, a PE ratio of 68.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19. Red Hat Inc has a fifty-two week low of $73.46 and a fifty-two week high of $130.93.

Red Hat (NYSE:RHT) last released its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Red Hat had a net margin of 12.14% and a return on equity of 26.23%. The firm had revenue of $747.98 million during the quarter, compared to analyst estimates of $734.69 million. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue was up 21.6% on a year-over-year basis. equities analysts forecast that Red Hat Inc will post 2.08 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings 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 purchasing an additional 68 shares during the last quarter. Clear Perspective Advisors LLC purchased a new position in shares of Red Hat during the second quarter valued at approximately $112,000. Sun Life Financial INC lifted its holdings in shares of 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 during the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Red Hat during the second quarter valued at approximately $135,000. Finally, Zions Bancorporation purchased a new position in Red Hat in the 3rd quarter worth approximately $164,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

Several research analysts have recently commented on the company. Robert W. Baird reiterated a “hold” rating on shares of Red Hat in a report on Tuesday, September 26th. BTIG Research reiterated a “buy” rating and issued a $120.00 price objective on shares of Red Hat in a report on Wednesday, September 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $128.00 price objective (up previously from $107.00) on shares of Red Hat in a report on Tuesday, September 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Red Hat in a report on Tuesday, September 26th. Finally, Barclays lifted their price objective on Red Hat from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $124.25.

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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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