Red Hat Inc (NYSE:RHT) EVP Delisa Alexander sold 1,393 shares of the firm’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 $173,943.91. Following the sale, the executive vice president now directly owns 36,420 shares in the company, valued at approximately $4,547,765.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Red Hat Inc (RHT) opened at $125.94 on Friday. 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 $22,291.88, a PE ratio of 64.92, a price-to-earnings-growth ratio of 3.85 and a beta of 1.20. Red Hat Inc has a twelve month low of $73.46 and a twelve month high of $130.93.

Red Hat (NYSE:RHT) last issued its quarterly earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $747.98 million during the quarter, compared to the consensus estimate of $734.69 million. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. sell-side analysts forecast that Red Hat Inc will post 2.08 EPS for the current year.

Several large investors have recently made changes to their positions in RHT. D.A. Davidson & CO. raised its stake in shares of Red Hat by 6.8% in the second quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock worth $102,000 after purchasing an additional 68 shares during the last quarter. Clear Perspective Advisors LLC purchased a new position in shares of Red Hat in the second quarter worth about $112,000. Sun Life Financial INC raised its stake in shares of Red Hat by 14,837.5% in the second quarter. Sun Life Financial INC now owns 1,195 shares of the open-source software company’s stock worth $114,000 after purchasing an additional 1,187 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Red Hat in the second quarter worth about $135,000. Finally, Zions Bancorporation purchased a new position in shares of Red Hat in the third quarter worth about $164,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

A number of brokerages recently weighed in on RHT. Robert W. Baird reaffirmed a “hold” rating on shares of Red Hat in a research report on Wednesday, December 20th. BMO Capital Markets raised their price objective on Red Hat from $128.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, December 20th. BTIG Research raised their price objective on Red Hat from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Wells Fargo & Co set a $144.00 price objective on Red Hat and gave the company 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 objective (up previously from $113.00) on shares of Red Hat in a research report on Wednesday, December 20th. One investment 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 currently has an average rating of “Buy” and a consensus target price 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.

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

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