Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Red Hat, Inc. (NYSE:RHT) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 362,629 shares of the open-source software company’s stock after selling 2,689 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Red Hat worth $34,722,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Red Hat by 13.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 42,651 shares of the open-source software company’s stock worth $4,084,000 after buying an additional 5,044 shares during the period. Airain ltd raised its stake in shares of Red Hat by 59.7% in the second quarter. Airain ltd now owns 14,812 shares of the open-source software company’s stock worth $1,418,000 after buying an additional 5,535 shares during the period. Andra AP fonden raised its stake in shares of Red Hat by 45.2% in the second quarter. Andra AP fonden now owns 24,100 shares of the open-source software company’s stock worth $2,308,000 after buying an additional 7,500 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Red Hat by 453.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 37,951 shares of the open-source software company’s stock worth $3,634,000 after buying an additional 31,100 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of Red Hat by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,288 shares of the open-source software company’s stock worth $219,000 after buying an additional 264 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Shares of Red Hat, Inc. (NYSE RHT) opened at 106.16 on Thursday. The company has a 50 day moving average price of $99.58 and a 200 day moving average price of $90.24. Red Hat, Inc. has a 12-month low of $68.54 and a 12-month high of $106.45. The company has a market capitalization of $18.84 billion, a P/E ratio of 72.71 and a beta of 1.26.

Red Hat (NYSE:RHT) last posted its quarterly earnings results on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. Red Hat had a return on equity of 22.84% and a net margin of 10.54%. The firm had revenue of $677 million during the quarter, compared to the consensus estimate of $647.42 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. Equities analysts anticipate that Red Hat, Inc. will post $2.68 EPS for the current year.

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A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $100.00 price objective on shares of Red Hat in a report on Sunday. Zacks Investment Research lowered shares of Red Hat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 22nd. MKM Partners reaffirmed a “neutral” rating and set a $98.00 price objective (up from $82.00) on shares of Red Hat in a report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating on shares of Red Hat in a report on Thursday, June 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $112.00 price objective (up from $95.00) on shares of Red Hat in a report on Thursday, June 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $98.72.

In other news, CFO Eric Ryan Shander sold 1,521 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $99.98, for a total value of $152,069.58. Following the completion of the sale, the chief financial officer now owns 9,913 shares of the company’s stock, valued at $991,101.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul J. Cormier sold 30,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $90.35, for a total value of $2,710,500.00. Following the completion of the sale, the executive vice president now directly owns 249,578 shares of the company’s stock, valued at approximately $22,549,372.30. The disclosure for this sale can be found here. Insiders sold 130,549 shares of company stock valued at $12,133,438 in the last ninety days. 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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