OxFORD Asset Management LLP raised its holdings in shares of Red Hat, Inc. (NYSE:RHT) by 193.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,191 shares of the open-source software company’s stock after buying an additional 71,941 shares during the period. OxFORD Asset Management LLP owned about 0.06% of Red Hat worth $10,455,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RHT. Mutual of America Capital Management LLC boosted its position in shares of Red Hat by 4.6% during the first quarter. Mutual of America Capital Management LLC now owns 25,799 shares of the open-source software company’s stock valued at $2,232,000 after buying an additional 1,141 shares during the period. Baird Financial Group Inc. purchased a new position in shares of Red Hat during the first quarter valued at approximately $266,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Red Hat by 17.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,023 shares of the open-source software company’s stock valued at $867,000 after buying an additional 1,472 shares during the period. Pacer Advisors Inc. boosted its position in shares of Red Hat by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,462 shares of the open-source software company’s stock valued at $299,000 after buying an additional 110 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Red Hat by 1.0% during the first quarter. Nordea Investment Management AB now owns 6,919 shares of the open-source software company’s stock valued at $598,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.

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Several research firms have recently weighed in on RHT. Cowen and Company reaffirmed a “buy” rating and set a $112.00 price target on shares of Red Hat in a research note on Sunday. Robert W. Baird lifted their price target on shares of Red Hat from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, June 21st. Mizuho decreased their price target on shares of Red Hat from $109.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, June 21st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $120.00 price target (up previously from $115.00) on shares of Red Hat in a research note on Tuesday, September 19th. Finally, BTIG Research decreased their price target on shares of Red Hat from $120.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, June 21st. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $103.99.

In other news, Director William S. Kaiser sold 4,006 shares of Red Hat stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $96.43, for a total value of $386,298.58. Following the sale, the director now owns 91,808 shares of the company’s stock, valued at $8,853,045.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Ryan Shander sold 1,521 shares of Red Hat stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $99.98, for a total transaction of $152,069.58. Following the completion of the sale, the chief financial officer now directly owns 9,913 shares in the company, valued at approximately $991,101.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,087 shares of company stock worth $4,265,012. Insiders own 0.66% of the company’s stock.

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.

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

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