Charter Trust Co. decreased its holdings in shares of Red Hat Inc (NYSE:RHT) by 13.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,922 shares of the open-source software company’s stock after selling 290 shares during the quarter. Charter Trust Co.’s holdings in Red Hat were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sustainable Growth Advisers LP grew its stake in shares of Red Hat by 11.6% during the third 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 buying an additional 230,675 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Red Hat by 64.9% during the second quarter. Janus Henderson Group PLC now owns 2,162,044 shares of the open-source software company’s stock valued at $290,527,000 after buying an additional 850,715 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of Red Hat by 1.2% during the third 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 buying an additional 21,970 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Red Hat by 3.6% during the third 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 buying an additional 51,258 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Red Hat by 16.7% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,022,828 shares of the open-source software company’s stock valued at $139,391,000 after buying an additional 146,233 shares during the last quarter. 96.99% of the stock is currently owned by hedge funds and other institutional investors.

Red Hat stock opened at $177.10 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $31.30 billion, a price-to-earnings ratio of 77.00, a P/E/G ratio of 4.62 and a beta of 0.70. Red Hat Inc has a twelve month low of $115.31 and a twelve month high of $179.49.

Red Hat (NYSE:RHT) last posted its earnings results on Wednesday, September 19th. The open-source software company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $822.75 million during 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%. Red Hat’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. Analysts anticipate that Red Hat Inc will post 2.57 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the company. Credit Suisse Group set a $190.00 price objective on Red Hat and gave the stock a “hold” rating in a research note on Monday, October 29th. Northland Securities cut Red Hat from an “outperform” rating to a “market perform” rating in a research note on Monday, October 29th. Needham & Company LLC cut Red Hat from a “buy” rating to a “hold” rating in a research note on Monday, November 5th. Royal Bank of Canada increased their price objective on Red Hat to $190.00 in a research note on Monday, October 29th. Finally, ValuEngine raised Red Hat from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $163.48.

In other Red Hat news, CEO James M. Whitehurst sold 2,513 shares of the company’s stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $125.03, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Delisa Alexander sold 960 shares of the company’s stock in a transaction on 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 owns 33,217 shares of the company’s stock, valued at approximately $4,153,121.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,631 shares of company stock valued at $453,984. 0.58% of the stock is owned by company insiders.

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About Red Hat

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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