Red Hat Inc. (NYSE:RHT) Director William S. Kaiser sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $80.35, for a total transaction of $1,004,375.00. Following the transaction, the director now owns 120,814 shares in the company, valued at approximately $9,707,404.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Red Hat Inc. (NYSE:RHT) opened at 79.65 on Wednesday. The stock’s 50 day moving average is $75.40 and its 200 day moving average is $74.71. Red Hat Inc. has a 12-month low of $59.59 and a 12-month high of $84.44. The company has a market cap of $14.36 billion, a P/E ratio of 66.99 and a beta of 1.52.

Red Hat (NYSE:RHT) last issued its quarterly earnings data on Wednesday, September 21st. The open-source software company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Red Hat had a net margin of 9.84% and a return on equity of 18.93%. The company earned $599.80 million during the quarter. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts forecast that Red Hat Inc. will post $2.24 earnings per share for the current year.

Insider Buying and Selling by Quarter for Red Hat (NYSE:RHT)

Large investors have recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of Red Hat by 10.1% in the first quarter. Aperio Group LLC now owns 44,483 shares of the open-source software company’s stock valued at $3,314,000 after buying an additional 4,079 shares during the last quarter. Virginia Retirement System acquired a new position in shares of Red Hat during the first quarter valued at approximately $705,000. BlackRock Group LTD boosted its position in shares of Red Hat by 4.6% in the first quarter. BlackRock Group LTD now owns 1,416,051 shares of the open-source software company’s stock valued at $105,510,000 after buying an additional 61,955 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Red Hat by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,695,624 shares of the open-source software company’s stock valued at $349,871,000 after buying an additional 109,046 shares during the last quarter. Finally, BlackRock Japan Co. Ltd boosted its position in shares of Red Hat by 0.3% in the first quarter. BlackRock Japan Co. Ltd now owns 234,954 shares of the open-source software company’s stock valued at $17,506,000 after buying an additional 674 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

A number of research analysts recently commented on RHT shares. Drexel Hamilton reiterated a “buy” rating and set a $105.00 price objective on shares of Red Hat in a research note on Monday, June 20th. Deutsche Bank AG reiterated a “buy” rating on shares of Red Hat in a research note on Friday, June 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Red Hat in a research note on Thursday, June 16th. Stifel Nicolaus restated a “buy” rating on shares of Red Hat in a research report on Thursday, June 23rd. Finally, Robert W. Baird restated a “buy” rating on shares of Red Hat in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $89.33.

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.

5 Day Chart for NYSE:RHT

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