Camden National Bank grew its holdings in Red Hat Inc (NYSE:RHT) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,040 shares of the open-source software company’s stock after acquiring an additional 60 shares during the period. Camden National Bank’s holdings in Red Hat were worth $358,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Red Hat by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 18,703,926 shares of the open-source software company’s stock valued at $2,548,970,000 after acquiring an additional 103,057 shares during the period. Vanguard Group Inc raised its stake in shares of Red Hat by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 18,703,926 shares of the open-source software company’s stock valued at $2,548,970,000 after acquiring an additional 103,057 shares during the period. Sustainable Growth Advisers LP raised its stake in shares of Red Hat by 11.6% in the 3rd quarter. Sustainable Growth Advisers LP now owns 2,221,772 shares of the open-source software company’s stock valued at $302,783,000 after acquiring an additional 230,675 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of Red Hat by 1.2% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,832,275 shares of the open-source software company’s stock valued at $249,702,000 after acquiring an additional 21,970 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of Red Hat by 3.6% in the 3rd quarter. Blair William & Co. IL now owns 1,487,185 shares of the open-source software company’s stock valued at $202,674,000 after acquiring an additional 51,258 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Northland Securities downgraded shares of Red Hat from an “outperform” rating to a “market perform” rating in a research note on Monday, October 29th. Royal Bank of Canada raised their target price on shares of Red Hat to $190.00 in a research note on Monday, October 29th. Needham & Company LLC began coverage on shares of Red Hat in a research note on Monday, October 22nd. They issued a “buy” rating and a $183.00 target price on the stock. Credit Suisse Group set a $190.00 price target on shares of Red Hat and gave the stock a “hold” rating in a research note on Monday, October 29th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Red Hat in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Red Hat presently has a consensus rating of “Hold” and a consensus price target of $166.30.

RHT opened at $178.81 on Thursday. The stock has a market capitalization of $31.59 billion, a PE ratio of 68.99, a P/E/G ratio of 4.59 and a beta of 0.55. Red Hat Inc has a 1-year low of $115.31 and a 1-year high of $179.49. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.23.

Red Hat (NYSE:RHT) last released its earnings results on Monday, December 17th. The open-source software company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The company had revenue of $847.00 million during the quarter, compared to the consensus estimate of $852.79 million. Red Hat had a net margin of 8.66% and a return on equity of 33.96%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. On average, equities analysts expect that Red Hat Inc will post 2.59 EPS for the current year.

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Red Hat Company Profile

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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Institutional Ownership by Quarter for Red Hat (NYSE:RHT)

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