Blair William & Co. IL cut its position in Red Hat, Inc. (NYSE:RHT) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 1,442,302 shares of the open-source software company’s stock after selling 14,258 shares during the period. Red Hat makes up 1.0% of Blair William & Co. IL’s investment portfolio, making the stock its 13th largest position. Blair William & Co. IL’s holdings in Red Hat were worth $138,100,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Red Hat by 0.4% in the first quarter. Bank of Montreal Can now owns 194,562 shares of the open-source software company’s stock worth $16,828,000 after buying an additional 807 shares during the last quarter. DnB Asset Management AS boosted its stake in Red Hat by 242.9% in the first quarter. DnB Asset Management AS now owns 58,456 shares of the open-source software company’s stock worth $5,056,000 after buying an additional 41,410 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Red Hat by 50.5% in the first quarter. Retirement Systems of Alabama now owns 301,182 shares of the open-source software company’s stock worth $26,052,000 after buying an additional 101,056 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in Red Hat by 8.2% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 29,890 shares of the open-source software company’s stock worth $2,585,000 after buying an additional 2,265 shares during the last quarter. Finally, Nicolet Bankshares Inc. boosted its stake in Red Hat by 342.0% in the first quarter. Nicolet Bankshares Inc. now owns 3,965 shares of the open-source software company’s stock worth $343,000 after buying an additional 3,068 shares during the last quarter. Institutional investors and hedge funds own 93.23% of the company’s stock.

Red Hat, Inc. (NYSE:RHT) traded up 0.0696% during trading on Friday, hitting $100.7301. 84,250 shares of the stock traded hands. The company has a market cap of $17.88 billion, a P/E ratio of 68.9932 and a beta of 1.26. Red Hat, Inc. has a 52-week low of $68.54 and a 52-week high of $101.82. The firm has a 50-day moving average price of $98.27 and a 200 day moving average price of $89.09.

Red Hat (NYSE:RHT) last issued its quarterly earnings data on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Red Hat had a net margin of 10.54% and a return on equity of 22.84%. The firm had revenue of $677 million for the quarter, compared to analysts’ expectations of $647.42 million. During the same quarter in the prior year, the business earned $0.50 EPS. The business’s quarterly revenue was up 19.2% on a year-over-year basis. On average, equities analysts expect that Red Hat, Inc. will post $2.66 EPS for the current year.

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RHT has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Red Hat from a “hold” rating to a “strong-buy” rating and set a $101.00 price target for the company in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $96.00 price target (up from $94.00) on shares of Red Hat in a report on Wednesday, May 10th. Sanford C. Bernstein initiated coverage on shares of Red Hat in a report on Wednesday, May 24th. They issued a “market perform” rating and a $102.00 price target for the company. Stifel Nicolaus upgraded shares of Red Hat from a “hold” rating to a “buy” rating and raised their price target for the stock from $83.00 to $115.00 in a report on Wednesday, June 21st. Finally, BMO Capital Markets raised their price target on shares of Red Hat from $90.00 to $107.00 and gave the stock a “market perform” rating in a report on Wednesday, June 21st. Nine research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $98.72.

In other news, CFO Eric Ryan Shander sold 1,521 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $99.98, for a total value of $152,069.58. Following the transaction, the chief financial officer now owns 9,913 shares in the company, valued at approximately $991,101.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James M. Whitehurst sold 12,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $95.70, for a total transaction of $1,148,400.00. Following the completion of the transaction, the chief executive officer now owns 422,873 shares in the company, valued at approximately $40,468,946.10. The disclosure for this sale can be found here. Insiders sold a total of 130,549 shares of company stock worth $12,133,438 in the last quarter. Company insiders own 0.66% 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.

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

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