Red Hat Inc (RHT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in shares of Red Hat Inc (NYSE:RHT) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,045,639 shares of the open-source software company’s stock after selling 53,021 shares during the quarter. Janus Henderson Group PLC owned about 0.59% of Red Hat worth $115,916,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. grew 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 buying an additional 68 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Red Hat by 1.3% during the second quarter. Nordea Investment Management AB now owns 7,011 shares of the open-source software company’s stock valued at $671,000 after buying an additional 92 shares during the last quarter. Gyroscope Capital Management Group LLC grew its holdings in shares of 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 valued at $233,000 after buying an additional 93 shares during the last quarter. Gofen & Glossberg LLC IL grew its holdings in shares of Red Hat by 0.3% during the second quarter. Gofen & Glossberg LLC IL now owns 44,097 shares of the open-source software company’s stock valued at $4,222,000 after buying an additional 151 shares during the last quarter. Finally, Comerica Securities Inc. grew its holdings in shares of Red Hat by 4.6% during the second quarter. Comerica Securities Inc. now owns 4,170 shares of the open-source software company’s stock valued at $399,000 after buying an additional 183 shares during the last quarter. 93.85% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on RHT shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $117.00 price target (up from $110.00) on shares of Red Hat in a report on Tuesday, September 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $127.00 price target on shares of Red Hat in a report on Tuesday, September 19th. KeyCorp reaffirmed an “overweight” rating and issued a $125.00 price target (up from $121.00) on shares of Red Hat in a report on Tuesday, September 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $136.00 price target (up from $115.00) on shares of Red Hat in a report on Tuesday, September 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $98.00 price target (down from $120.00) on shares of Red Hat in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-four have assigned a buy rating to the stock. Red Hat has a consensus rating of “Buy” and an average target price of $115.74.

Red Hat Inc (NYSE:RHT) traded up $0.74 on Thursday, hitting $126.49. 1,383,700 shares of the company traded hands, compared to its average volume of 1,652,799. Red Hat Inc has a 52-week low of $68.54 and a 52-week high of $129.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $22,419.72, a P/E ratio of 69.09, a PEG ratio of 4.00 and a beta of 1.19.

Red Hat (NYSE:RHT) last released its quarterly earnings results on Monday, September 25th. The open-source software company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. The firm had revenue of $723.60 million during the quarter, compared to the consensus estimate of $699.56 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. sell-side analysts expect that Red Hat Inc will post 2 earnings per share for the current year.

In related news, EVP Delisa Alexander sold 1,073 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $120.36, for a total transaction of $129,146.28. Following the completion of the transaction, the executive vice president now owns 38,150 shares in the company, valued at approximately $4,591,734. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael A. Kelly sold 2,888 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $121.03, for a total transaction of $349,534.64. Following the completion of the sale, the insider now owns 8,751 shares of the company’s stock, valued at approximately $1,059,133.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,172 shares of company stock valued at $3,926,377. Insiders own 0.66% of the company’s stock.

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Red Hat 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.

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

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