Dimensional Fund Advisors LP Boosts Stake in Red Hat Inc (RHT)

Dimensional Fund Advisors LP lifted its holdings in Red Hat Inc (NYSE:RHT) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 426,663 shares of the open-source software company’s stock after purchasing an additional 3,107 shares during the period. Dimensional Fund Advisors LP’s holdings in Red Hat were worth $47,296,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in shares of Red Hat by 6.8% in the second quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock worth $102,000 after buying an additional 68 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Red Hat by 1.3% in the second quarter. Nordea Investment Management AB now owns 7,011 shares of the open-source software company’s stock worth $671,000 after buying an additional 92 shares in the last quarter. Gyroscope Capital Management Group LLC lifted its stake in shares of Red Hat by 4.0% in 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 buying an additional 93 shares in the last quarter. Gofen & Glossberg LLC IL lifted its stake in shares of Red Hat by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 44,097 shares of the open-source software company’s stock worth $4,222,000 after buying an additional 151 shares in the last quarter. Finally, Comerica Securities Inc. lifted its stake in shares of Red Hat by 4.6% in the second quarter. Comerica Securities Inc. now owns 4,170 shares of the open-source software company’s stock worth $399,000 after buying an additional 183 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. Robert W. Baird restated a “hold” rating on shares of Red Hat in a research report on Wednesday, December 20th. BMO Capital Markets raised their price objective on shares of Red Hat from $128.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 20th. BTIG Research raised their price objective on shares of Red Hat from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Wells Fargo & Co set a $144.00 price objective on shares of Red Hat and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Credit Suisse Group restated a “neutral” rating and set a $120.00 price objective (up from $113.00) on shares of Red Hat in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $124.25.

Red Hat Inc (NYSE RHT) opened at $124.14 on Friday. Red Hat Inc has a 12 month low of $71.20 and a 12 month high of $130.93. The company has a quick ratio of 1.30, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The stock has a market cap of $21,970.00, a P/E ratio of 67.47, a P/E/G ratio of 3.79 and a beta of 1.19.

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

In other news, insider Michael A. Kelly sold 2,888 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,059,133.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James M. Whitehurst sold 4,211 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $120.36, for a total transaction of $506,835.96. Following the sale, the chief executive officer now owns 380,158 shares of the company’s stock, valued at approximately $45,755,816.88. The disclosure for this sale can be found here. Insiders sold 8,172 shares of company stock valued at $985,517 in the last quarter. 0.66% of the stock is owned by insiders.

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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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