California Public Employees Retirement System boosted its holdings in shares of Red Hat Inc (NYSE:RHT) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 422,299 shares of the open-source software company’s stock after purchasing an additional 14,959 shares during the period. California Public Employees Retirement System’s holdings in Red Hat were worth $50,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RHT. Jennison Associates LLC raised its position in Red Hat by 19.4% during the fourth quarter. Jennison Associates LLC now owns 9,552,072 shares of the open-source software company’s stock valued at $1,147,204,000 after acquiring an additional 1,550,821 shares in the last quarter. Swedbank bought a new position in Red Hat during the third quarter valued at approximately $115,424,000. American Century Companies Inc. raised its position in shares of Red Hat by 6,697.1% in the third quarter. American Century Companies Inc. now owns 953,634 shares of the open-source software company’s stock valued at $105,720,000 after purchasing an additional 939,604 shares during the period. Bank of Montreal Can raised its position in shares of Red Hat by 93.9% in the fourth quarter. Bank of Montreal Can now owns 1,242,177 shares of the open-source software company’s stock valued at $149,187,000 after purchasing an additional 601,622 shares during the period. Finally, Amerigo Asset Management bought a new position in shares of Red Hat in the third quarter valued at approximately $36,584,000. 94.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Delisa Alexander sold 1,393 shares of the business’s stock in a transaction on 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 owns 36,420 shares in the company, valued at approximately $4,547,765.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William S. Kaiser sold 7,700 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $130.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director now owns 61,652 shares in the company, valued at approximately $8,014,760. The disclosure for this sale can be found here. Insiders have sold 14,686 shares of company stock worth $1,873,342 in the last quarter. Corporate insiders own 0.66% of the company’s stock.

Shares of Red Hat Inc (NYSE:RHT) opened at $132.03 on Wednesday. Red Hat Inc has a 52 week low of $79.36 and a 52 week high of $135.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $23,370.00, a price-to-earnings ratio of 71.76, a price-to-earnings-growth ratio of 3.87 and a beta of 1.23.

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

RHT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Red Hat from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Northland Securities reissued a “buy” rating and issued a $150.00 price target on shares of Red Hat in a research report on Thursday, December 21st. Mizuho lifted their price target on shares of Red Hat from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Credit Suisse Group reissued a “neutral” rating and issued a $120.00 price target (up previously from $113.00) on shares of Red Hat in a research report on Wednesday, December 20th. Finally, Bank of America reissued an “underperform” rating and issued a $115.00 price target on shares of Red Hat in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $126.65.

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Red Hat 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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