Public Employees Retirement System of Ohio lifted its position in shares of Red Hat, Inc. (NYSE:RHT) by 19.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,085 shares of the open-source software company’s stock after purchasing an additional 34,649 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.12% of Red Hat worth $20,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in RHT. D.A. Davidson & CO. grew its holdings in shares of Red Hat by 6.8% during the 2nd quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock worth $102,000 after purchasing an additional 68 shares in the last quarter. Clear Perspective Advisors LLC acquired a new stake in shares of Red Hat during the 2nd quarter worth approximately $112,000. Sun Life Financial INC grew its holdings in shares of 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 worth $114,000 after purchasing an additional 1,187 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Red Hat during the 2nd quarter worth approximately $117,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Red Hat during the 2nd quarter worth approximately $122,000. 94.01% of the stock is currently owned by institutional investors.

Red Hat, Inc. (NYSE RHT) traded down 0.67% during midday trading on Monday, reaching $120.29. The company had a trading volume of 235,502 shares. The stock has a 50-day moving average price of $110.14 and a 200 day moving average price of $97.17. The company has a market capitalization of $21.28 billion, a PE ratio of 71.99 and a beta of 1.25. Red Hat, Inc. has a 12-month low of $68.54 and a 12-month high of $122.31.

Red Hat (NYSE:RHT) last posted its quarterly earnings data on Monday, September 25th. The open-source software company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Red Hat had a return on equity of 25.27% and a net margin of 11.49%. The firm had revenue of $723.60 million during the quarter, compared to analyst estimates of $699.56 million. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was up 20.6% on a year-over-year basis. Equities analysts forecast that Red Hat, Inc. will post $2.79 EPS for the current year.

Several analysts have recently weighed in on RHT shares. Goldman Sachs Group, Inc. (The) lifted their price objective on Red Hat from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. BTIG Research decreased their price objective on Red Hat from $120.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Stifel Nicolaus raised Red Hat from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $83.00 to $115.00 in a report on Wednesday, June 21st. Mizuho decreased their price objective on Red Hat from $109.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Finally, Deutsche Bank AG lifted their price objective on Red Hat from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $110.93.

In other news, CFO Eric Ryan Shander sold 1,521 shares of Red Hat stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $99.98, for a total value of $152,069.58. Following the completion of the transaction, the chief financial officer now directly owns 9,913 shares of the company’s stock, valued at approximately $991,101.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Delisa Alexander sold 2,444 shares of Red Hat stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $98.25, for a total value of $240,123.00. Following the completion of the transaction, the executive vice president now directly owns 41,570 shares of the company’s stock, valued at $4,084,252.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,087 shares of company stock valued at $4,227,191. Corporate insiders own 0.66% of the company’s stock.

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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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