Red Hat Inc (NYSE:RHT) EVP Delisa Alexander sold 1,393 shares of Red Hat stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $124.87, for a total value of $173,943.91. Following the completion of the sale, the executive vice president now owns 36,420 shares in the company, valued at $4,547,765.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Red Hat Inc (NYSE:RHT) traded down $1.13 on Thursday, reaching $125.47. 1,431,813 shares of the company’s stock were exchanged, compared to its average volume of 1,850,000. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 1.37. Red Hat Inc has a twelve month low of $72.78 and a twelve month high of $130.93. The stock has a market cap of $22,200.00, a price-to-earnings ratio of 68.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19.

Red Hat (NYSE:RHT) last released its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $747.98 million for the quarter, compared to analyst estimates of $734.69 million. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 21.6% on a year-over-year basis. sell-side analysts forecast that Red Hat Inc will post 2.08 EPS for the current year.

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Red Hat from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Northland Securities reiterated a “buy” rating and issued a $150.00 price objective on shares of Red Hat in a report on Thursday, December 21st. Jefferies Group reiterated a “hold” rating and issued a $119.00 price objective on shares of Red Hat in a report on Thursday, December 21st. Oppenheimer reiterated a “buy” rating and issued a $140.00 price objective (up from $125.00) on shares of Red Hat in a report on Wednesday, December 20th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $150.00 price objective on shares of Red Hat in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company. Red Hat presently has a consensus rating of “Buy” and a consensus price target of $124.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schroder Investment Management Group raised its position in shares of Red Hat by 41.2% during the 2nd quarter. Schroder Investment Management Group now owns 55,305 shares of the open-source software company’s stock valued at $5,282,000 after buying an additional 16,146 shares during the period. Martingale Asset Management L P purchased a new stake in shares of Red Hat during the 2nd quarter valued at approximately $250,000. Profund Advisors LLC raised its position in shares of Red Hat by 19.9% during the 2nd quarter. Profund Advisors LLC now owns 6,128 shares of the open-source software company’s stock valued at $587,000 after buying an additional 1,015 shares during the period. ProShare Advisors LLC raised its position in shares of Red Hat by 9.8% during the 2nd quarter. ProShare Advisors LLC now owns 19,999 shares of the open-source software company’s stock valued at $1,915,000 after buying an additional 1,778 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in shares of Red Hat by 3.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 26,803 shares of the open-source software company’s stock valued at $2,566,000 after buying an additional 1,004 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.

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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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