DekaBank Deutsche Girozentrale Has $1.22 Million Position in Red Hat, Inc. (RHT)
DekaBank Deutsche Girozentrale reduced its position in Red Hat, Inc. (NYSE:RHT) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,131 shares of the open-source software company’s stock after selling 892 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Red Hat were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of RHT. Dimensional Fund Advisors LP lifted its stake in shares of Red Hat by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 401,242 shares of the open-source software company’s stock valued at $34,705,000 after purchasing an additional 13,616 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Red Hat in the 2nd quarter valued at $122,000. Aperio Group LLC lifted its stake in shares of Red Hat by 9.5% in the 2nd quarter. Aperio Group LLC now owns 67,773 shares of the open-source software company’s stock valued at $6,489,000 after purchasing an additional 5,902 shares during the period. First Midwest Bank Trust Division lifted its stake in shares of Red Hat by 49.6% in the 2nd quarter. First Midwest Bank Trust Division now owns 16,281 shares of the open-source software company’s stock valued at $1,559,000 after purchasing an additional 5,395 shares during the period. Finally, Parametrica Management Ltd acquired a new position in shares of Red Hat in the 2nd quarter valued at $386,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.
Red Hat, Inc. (NYSE:RHT) traded up $1.77 during trading on Friday, hitting $128.36. 480,521 shares of the stock were exchanged, compared to its average volume of 1,116,559. Red Hat, Inc. has a fifty-two week low of $68.54 and a fifty-two week high of $129.23. The stock has a market capitalization of $22,569.48, a price-to-earnings ratio of 69.56, a price-to-earnings-growth ratio of 4.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.30 and a quick ratio of 1.30.
Red Hat (NYSE:RHT) last released its earnings results on Monday, September 25th. The open-source software company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. The business had revenue of $723.60 million during the quarter, compared to analyst estimates of $699.56 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. equities analysts expect that Red Hat, Inc. will post 2 EPS for the current fiscal year.
In other news, Director Eugene Beukman sold 100,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $0.73, for a total transaction of $73,000.00. Also, Director William S. Kaiser sold 14,000 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $114.79, for a total transaction of $1,607,060.00. The disclosure for this sale can be found here. Insiders have sold 234,172 shares of company stock valued at $4,072,377 in the last ninety days. Insiders own 0.66% of the company’s stock.
Several equities analysts recently issued reports on the stock. Bank of America Corporation reiterated an “underperform” rating and issued a $115.00 target price on shares of Red Hat in a research note on Tuesday, October 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $130.00 target price on shares of Red Hat in a research note on Monday, October 2nd. BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of Red Hat in a research note on Wednesday, September 27th. Wells Fargo & Company reiterated an “outperform” rating and issued a $124.00 target price (up from $120.00) on shares of Red Hat in a research note on Wednesday, September 27th. Finally, KeyCorp restated an “overweight” rating and set a $125.00 price objective (up from $121.00) on shares of Red Hat in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have issued a buy rating to the stock. Red Hat currently has an average rating of “Buy” and a consensus price target of $110.93.
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Red Hat 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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