Aperio Group LLC raised its position in Red Hat Inc. (NYSE:RHT) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,822 shares of the open-source software company’s stock after buying an additional 2,885 shares during the period. Aperio Group LLC’s holdings in Red Hat were worth $4,835,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Red Hat by 44.9% in the first quarter. Wellington Management Group LLP now owns 120,042 shares of the open-source software company’s stock worth $8,944,000 after buying an additional 37,221 shares during the last quarter. LPL Financial LLC boosted its position in shares of Red Hat by 34.0% in the first quarter. LPL Financial LLC now owns 16,990 shares of the open-source software company’s stock worth $1,258,000 after buying an additional 4,310 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Red Hat by 2.5% in the first quarter. Arizona State Retirement System now owns 49,500 shares of the open-source software company’s stock worth $3,688,000 after buying an additional 1,200 shares during the last quarter. Boltwood Capital Management boosted its position in shares of Red Hat by 5.6% in the second quarter. Boltwood Capital Management now owns 6,365 shares of the open-source software company’s stock worth $462,000 after buying an additional 340 shares during the last quarter. Finally, British Columbia Investment Management Corp boosted its position in shares of Red Hat by 58.5% in the second quarter. British Columbia Investment Management Corp now owns 109,108 shares of the open-source software company’s stock worth $7,921,000 after buying an additional 40,288 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

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

Red Hat Inc. (NYSE:RHT) traded down 1.11% during trading on Wednesday, hitting $79.11. 2,002,338 shares of the company traded hands. The company’s 50-day moving average is $77.31 and its 200 day moving average is $75.69. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 66.53 and a beta of 1.51. Red Hat Inc. has a 52-week low of $59.59 and a 52-week high of $84.44.

Red Hat (NYSE:RHT) last released its quarterly earnings data on Wednesday, September 21st. The open-source software company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 had revenue of $599.80 million for the quarter. During the same period in the previous year, the business posted $0.47 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, equities analysts anticipate that Red Hat Inc. will post $2.24 earnings per share for the current year.

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RHT has been the subject of a number of recent research reports. Vetr cut shares of Red Hat from a “strong-buy” rating to a “buy” rating and set a $84.60 price objective for the company. in a research note on Monday, August 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target on shares of Red Hat in a research note on Saturday, August 13th. Mizuho reaffirmed a “buy” rating and set a $88.00 price target on shares of Red Hat in a research note on Wednesday, September 14th. Barclays PLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Red Hat in a research note on Thursday, September 15th. Finally, BMO Capital Markets lifted their price target on shares of Red Hat from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, September 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $89.55.

In other news, EVP Delisa Alexander sold 1,121 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $77.00, for a total transaction of $86,317.00. Following the transaction, the executive vice president now directly owns 57,356 shares in the company, valued at $4,416,412. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Cunningham sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $80.42, for a total transaction of $1,206,300.00. Following the transaction, the executive vice president now owns 37,484 shares in the company, valued at $3,014,463.28. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

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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