Nisa Investment Advisors LLC increased its stake in Red Hat Inc (NYSE:RHT) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,027 shares of the open-source software company’s stock after acquiring an additional 3,179 shares during the period. Nisa Investment Advisors LLC’s holdings in Red Hat were worth $5,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in shares of Red Hat by 6.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock valued at $102,000 after acquiring an additional 68 shares during the last quarter. Clear Perspective Advisors LLC bought a new position in Red Hat during the 2nd quarter valued at approximately $112,000. Sun Life Financial INC raised its position in Red Hat by 14,837.5% during the 2nd quarter. Sun Life Financial INC now owns 1,195 shares of the open-source software company’s stock valued at $114,000 after purchasing an additional 1,187 shares during the last quarter. BB&T Investment Services Inc. bought a new position in Red Hat during the 2nd quarter valued at approximately $135,000. Finally, Zions Bancorporation bought a new position in Red Hat during the 3rd quarter valued at approximately $164,000. 94.32% of the stock is owned by institutional investors.

Shares of Red Hat Inc (RHT) opened at $124.59 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $22,293.69, a P/E ratio of 64.92, a P/E/G ratio of 3.85 and a beta of 1.20. Red Hat Inc has a 52 week low of $72.60 and a 52 week high of $130.93.

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

A number of research analysts have commented on RHT shares. Drexel Hamilton reaffirmed a “buy” rating and set a $127.00 price target on shares of Red Hat in a research report on Tuesday, September 19th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $120.00 price target (up previously from $115.00) on shares of Red Hat in a research report on Tuesday, September 19th. Royal Bank of Canada upped their price target on Red Hat from $106.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $115.00 price target on shares of Red Hat in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised Red Hat from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $124.25.

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

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