Atalanta Sosnoff Capital LLC acquired a new stake in Red Hat Inc. (NYSE:RHT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,454 shares of the open-source software company’s stock, valued at approximately $3,227,000.

A number of other large investors also recently modified their holdings of the company. Hills Bank & Trust Co. bought a new stake in shares of Red Hat during the second quarter valued at $222,000. Acrospire Investment Management LLC bought a new stake in shares of Red Hat during the first quarter valued at $261,000. Creative Planning boosted its stake in shares of Red Hat by 4.5% in the second quarter. Creative Planning now owns 4,019 shares of the open-source software company’s stock valued at $292,000 after buying an additional 174 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of Red Hat during the second quarter valued at $302,000. Finally, Capital One National Association bought a new stake in shares of Red Hat during the second quarter valued at $317,000. 95.22% of the stock is currently owned by institutional investors.

Red Hat Inc. (NYSE:RHT) traded down 0.21% during midday trading on Tuesday, hitting $75.78. 1,430,984 shares of the stock traded hands. Red Hat Inc. has a one year low of $59.59 and a one year high of $84.44. The company has a market cap of $13.72 billion, a P/E ratio of 66.47 and a beta of 1.32. The company’s 50 day moving average is $73.96 and its 200-day moving average is $74.09.

Several brokerages have weighed in on RHT. Robert W. Baird reissued a “buy” rating on shares of Red Hat in a research note on Thursday, June 23rd. Raymond James Financial Inc. reissued a “buy” rating on shares of Red Hat in a research note on Thursday, June 23rd. Stifel Nicolaus reissued a “buy” rating on shares of Red Hat in a research note on Thursday, June 23rd. Mizuho restated a “buy” rating and set a $88.00 target price on shares of Red Hat in a research report on Thursday, June 23rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Red Hat in a research report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Red Hat presently has a consensus rating of “Buy” and a consensus price target of $87.69.

In other news, EVP Delisa Alexander sold 2,395 shares of Red Hat stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $72.83, for a total transaction of $174,427.85. Following the completion of the sale, the executive vice president now directly owns 60,780 shares of the company’s stock, valued at approximately $4,426,607.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Cunningham sold 10,000 shares of Red Hat stock in a transaction on Monday, July 11th. The stock was sold at an average price of $73.14, for a total transaction of $731,400.00. Following the sale, the executive vice president now directly owns 64,800 shares of the company’s stock, valued at $4,739,472. The disclosure for this sale can be found here. Insiders own 0.76% 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.

5 Day Chart for NYSE:RHT

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