Crossmark Global Holdings Inc. grew its stake in Red Hat Inc (NYSE:RHT) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,119 shares of the open-source software company’s stock after acquiring an additional 3,941 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Red Hat were worth $2,777,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. WASHINGTON TRUST Co increased its holdings in shares of Red Hat by 4.0% in the 4th quarter. WASHINGTON TRUST Co now owns 179,485 shares of the open-source software company’s stock valued at $21,557,000 after acquiring an additional 6,881 shares during the period. Alps Advisors Inc. increased its holdings in shares of Red Hat by 101.9% in the 4th quarter. Alps Advisors Inc. now owns 8,825 shares of the open-source software company’s stock valued at $1,060,000 after acquiring an additional 4,454 shares during the period. Calton & Associates Inc. purchased a new position in shares of Red Hat in the 4th quarter valued at $189,000. American Century Companies Inc. increased its holdings in shares of Red Hat by 14.2% in the 4th quarter. American Century Companies Inc. now owns 1,088,599 shares of the open-source software company’s stock valued at $130,741,000 after acquiring an additional 134,965 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Red Hat by 125.4% in the 4th quarter. Meeder Asset Management Inc. now owns 14,552 shares of the open-source software company’s stock valued at $1,747,000 after acquiring an additional 8,096 shares during the period. Institutional investors and hedge funds own 95.42% of the company’s stock.

A number of research analysts have recently issued reports on the company. Evercore ISI reiterated a “buy” rating and issued a $140.00 price target on shares of Red Hat in a report on Friday, February 2nd. Robert W. Baird reiterated a “hold” rating on shares of Red Hat in a report on Wednesday, December 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $120.00 price target (up from $113.00) on shares of Red Hat in a report on Wednesday, December 20th. Jefferies Group reiterated a “hold” rating and issued a $119.00 price target on shares of Red Hat in a report on Thursday, December 21st. Finally, Nomura started coverage on Red Hat in a research note on Tuesday, January 23rd. They set a “buy” rating and a $152.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $126.65.

Shares of Red Hat Inc (NYSE RHT) opened at $126.84 on Friday. Red Hat Inc has a 52-week low of $78.66 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 company has a market capitalization of $22,850.00, a PE ratio of 68.93, a price-to-earnings-growth ratio of 3.81 and a beta of 1.23.

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

In other news, CEO James M. Whitehurst sold 5,593 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $124.87, for a total value of $698,397.91. Following the completion of the transaction, the chief executive officer now owns 373,506 shares of the company’s stock, valued at approximately $46,639,694.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Delisa Alexander sold 1,393 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total value of $173,943.91. Following the completion of the transaction, the executive vice president now directly owns 36,420 shares of the company’s stock, valued at approximately $4,547,765.40. The disclosure for this sale can be found here. In the last three months, insiders sold 14,686 shares of company stock valued at $1,873,342. Insiders own 0.66% of the company’s stock.

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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.

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

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