Traders sold shares of Red Hat Inc (NYSE:RHT) on strength during trading on Thursday. $62.47 million flowed into the stock on the tick-up and $113.00 million flowed out of the stock on the tick-down, for a money net flow of $50.53 million out of the stock. Of all equities tracked, Red Hat had the 0th highest net out-flow for the day. Red Hat traded up $0.01 for the day and closed at $173.64

RHT has been the subject of a number of analyst reports. OTR Global cut Red Hat to a “positive” rating in a research note on Thursday, September 13th. Nomura cut Red Hat from a “buy” rating to a “hold” rating and boosted their target price for the company from $175.00 to $190.00 in a research note on Tuesday, October 30th. JPMorgan Chase & Co. cut Red Hat from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $150.00 in a research note on Tuesday, September 18th. Jefferies Financial Group decreased their target price on Red Hat from $154.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, September 21st. Finally, KeyCorp decreased their target price on Red Hat from $184.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Red Hat currently has a consensus rating of “Hold” and a consensus target price of $163.48.

The firm has a market cap of $30.55 billion, a P/E ratio of 75.54, a PEG ratio of 4.51 and a beta of 0.71. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.40.

Red Hat (NYSE:RHT) last issued its quarterly earnings results on Wednesday, September 19th. The open-source software company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $822.75 million for the quarter, compared to analyst estimates of $828.12 million. Red Hat had a return on equity of 31.80% and a net margin of 9.15%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities analysts forecast that Red Hat Inc will post 2.57 EPS for the current fiscal year.

In other news, EVP Delisa Alexander sold 960 shares of the business’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $125.03, for a total value of $120,028.80. Following the sale, the executive vice president now directly owns 33,217 shares in the company, valued at $4,153,121.51. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James M. Whitehurst sold 2,513 shares of the business’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $125.03, for a total value of $314,200.39. Following the completion of the sale, the chief executive officer now owns 361,627 shares in the company, valued at $45,214,223.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,631 shares of company stock worth $453,984. Corporate insiders own 0.58% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Red Hat by 16,350.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 987 shares of the open-source software company’s stock worth $133,000 after acquiring an additional 981 shares in the last quarter. Quad Cities Investment Group LLC acquired a new position in shares of Red Hat in the second quarter valued at approximately $134,000. Truvestments Capital LLC acquired a new position in shares of Red Hat in the third quarter valued at approximately $138,000. Financial Architects Inc grew its position in shares of Red Hat by 95.2% in the second quarter. Financial Architects Inc now owns 1,025 shares of the open-source software company’s stock valued at $137,000 after purchasing an additional 500 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Red Hat in the third quarter valued at approximately $146,000. Institutional investors own 95.77% of the company’s stock.

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About Red Hat (NYSE:RHT)

Red Hat, Inc provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications.

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