Red Hat Inc (RHT) Position Reduced by National Pension Service

National Pension Service trimmed its holdings in shares of Red Hat Inc (NYSE:RHT) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,257 shares of the open-source software company’s stock after selling 6,535 shares during the quarter. National Pension Service owned about 0.10% of Red Hat worth $21,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Red Hat by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,627,522 shares of the open-source software company’s stock worth $1,687,836,000 after buying an additional 479,615 shares in the last quarter. FMR LLC grew its position in Red Hat by 10.8% during the second quarter. FMR LLC now owns 11,165,642 shares of the open-source software company’s stock worth $1,069,110,000 after buying an additional 1,085,953 shares in the last quarter. Bank of Montreal Can grew its position in Red Hat by 93.9% during the fourth quarter. Bank of Montreal Can now owns 1,242,177 shares of the open-source software company’s stock worth $149,187,000 after buying an additional 601,622 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Red Hat by 282.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,177,208 shares of the open-source software company’s stock worth $112,718,000 after buying an additional 869,550 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Red Hat by 3.1% during the second quarter. Janus Henderson Group PLC now owns 1,098,660 shares of the open-source software company’s stock worth $105,208,000 after buying an additional 32,871 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

In other news, EVP Delisa Alexander sold 1,393 shares of the business’s 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 of the company’s stock, valued at approximately $4,547,765.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO James M. Whitehurst sold 5,593 shares of the business’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 completion of the sale, the chief executive officer now directly owns 373,506 shares of the company’s stock, valued at approximately $46,639,694.22. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Shares of Red Hat Inc (NYSE:RHT) opened at $125.94 on Friday. Red Hat Inc has a 52 week low of $73.46 and a 52 week high of $130.93. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $22,280.00, a PE ratio of 68.45, a PEG ratio of 3.83 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, beating analysts’ consensus estimates of $0.70 by $0.03. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. The company had revenue of $747.98 million during the quarter, compared to analyst estimates of $734.69 million. During the same quarter in the previous year, the company posted $0.61 EPS. Red Hat’s revenue for the quarter was up 21.6% on a year-over-year basis. analysts expect that Red Hat Inc will post 2.08 earnings per share for the current year.

Several research firms recently commented on RHT. Robert W. Baird restated a “hold” rating on shares of Red Hat in a research report on Wednesday, December 20th. BMO Capital Markets boosted their target price on 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 boosted their target price on 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 target price on Red Hat and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $120.00 price target (up previously from $113.00) on shares of Red Hat in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has an average 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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Institutional Ownership by Quarter for Red Hat (NYSE:RHT)

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