DekaBank Deutsche Girozentrale decreased its stake in Red Hat Inc (NYSE:RHT) by 7.9% during the first quarter, Holdings Channel reports. The institutional investor owned 37,762 shares of the open-source software company’s stock after selling 3,230 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Red Hat were worth $5,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of RHT. Vanguard Group Inc boosted its position in Red Hat by 0.6% during the third quarter. Vanguard Group Inc now owns 18,703,926 shares of the open-source software company’s stock worth $2,548,970,000 after purchasing an additional 103,057 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Red Hat by 11,583.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,095,436 shares of the open-source software company’s stock worth $57,000 after purchasing an additional 10,009,030 shares in the last quarter. Norges Bank purchased a new position in Red Hat during the fourth quarter worth approximately $297,683,000. Legal & General Group Plc boosted its position in Red Hat by 9.0% during the fourth quarter. Legal & General Group Plc now owns 876,865 shares of the open-source software company’s stock worth $153,998,000 after purchasing an additional 72,056 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Red Hat by 13.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 818,067 shares of the open-source software company’s stock worth $149,461,000 after purchasing an additional 97,447 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Separately, ValuEngine downgraded Red Hat from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Red Hat has an average rating of “Hold” and a consensus target price of $168.33.

Shares of Red Hat stock opened at $184.17 on Tuesday. Red Hat Inc has a 12 month low of $115.31 and a 12 month high of $186.36. The company has a market cap of $32.82 billion, a price-to-earnings ratio of 66.01, a PEG ratio of 4.05 and a beta of 0.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.14.

Red Hat (NYSE:RHT) last announced its earnings results on Monday, March 25th. The open-source software company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Red Hat had a return on equity of 35.35% and a net margin of 12.91%. The business had revenue of $879.00 million during the quarter, compared to analysts’ expectations of $885.64 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Red Hat Inc will post 3.04 EPS for the current fiscal 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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