Red Hat, Inc. (RHT) Position Held by American National Registered Investment Advisor Inc.

American National Registered Investment Advisor Inc. continued to hold its stake in shares of Red Hat, Inc. (NYSE:RHT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,870 shares of the open-source software company’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Red Hat were worth $562,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Red Hat by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,147,907 shares of the open-source software company’s stock valued at $1,483,294,000 after buying an additional 399,260 shares during the last quarter. FMR LLC increased its stake in Red Hat by 3.3% in the first quarter. FMR LLC now owns 10,079,689 shares of the open-source software company’s stock valued at $871,894,000 after buying an additional 317,464 shares in the last quarter. Sustainable Growth Advisers LP increased its stake in Red Hat by 3.8% in the first quarter. Sustainable Growth Advisers LP now owns 2,425,693 shares of the open-source software company’s stock valued at $209,823,000 after buying an additional 88,232 shares in the last quarter. DF Dent & Co. Inc. increased its stake in Red Hat by 2.7% in the first quarter. DF Dent & Co. Inc. now owns 1,803,495 shares of the open-source software company’s stock valued at $156,002,000 after buying an additional 47,219 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Red Hat by 8.8% in the first quarter. Geode Capital Management LLC now owns 1,681,066 shares of the open-source software company’s stock valued at $145,198,000 after buying an additional 135,533 shares in the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

Shares of Red Hat, Inc. (NYSE:RHT) opened at 98.985 on Wednesday. The stock has a market cap of $17.57 billion, a PE ratio of 67.798 and a beta of 1.26. Red Hat, Inc. has a 52 week low of $68.54 and a 52 week high of $100.80. The company’s 50-day moving average is $93.95 and its 200 day moving average is $85.42.

Red Hat (NYSE:RHT) last announced its quarterly earnings data on Tuesday, June 20th. The open-source software company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Red Hat had a net margin of 10.54% and a return on equity of 22.84%. The firm had revenue of $677 million during the quarter, compared to analysts’ expectations of $647.42 million. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts forecast that Red Hat, Inc. will post $2.68 earnings per share for the current fiscal year.

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Several analysts have recently weighed in on RHT shares. Cowen and Company decreased their price target on shares of Red Hat from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, March 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $96.00) on shares of Red Hat in a research note on Thursday, June 22nd. William Blair reaffirmed an “outperform” rating on shares of Red Hat in a research note on Wednesday, March 22nd. Piper Jaffray Companies started coverage on shares of Red Hat in a research note on Friday, June 23rd. They set a “neutral” rating and a $100.00 price target for the company. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Red Hat in a research note on Friday, March 24th. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Red Hat presently has a consensus rating of “Buy” and an average target price of $98.72.

In other Red Hat news, EVP Michael Cunningham sold 4,000 shares of Red Hat stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $96.59, for a total transaction of $386,360.00. Following the completion of the transaction, the executive vice president now owns 30,050 shares in the company, valued at $2,902,529.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James M. Whitehurst sold 26,250 shares of Red Hat stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $86.85, for a total transaction of $2,279,812.50. Following the transaction, the chief executive officer now owns 397,380 shares of the company’s stock, valued at approximately $34,512,453. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 267,805 shares of company stock valued at $24,009,537. 0.66% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Red Hat (NYSE:RHT)

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