AHL Partners LLP boosted its stake in Red Hat, Inc. (NYSE:RHT) by 97.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,605 shares of the open-source software company’s stock after purchasing an additional 33,838 shares during the quarter. AHL Partners LLP’s holdings in Red Hat were worth $6,569,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RHT. Pacer Advisors Inc. lifted its stake in Red Hat by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,462 shares of the open-source software company’s stock worth $299,000 after purchasing an additional 110 shares in the last quarter. Nordea Investment Management AB lifted its stake in Red Hat by 1.0% in the 1st quarter. Nordea Investment Management AB now owns 6,919 shares of the open-source software company’s stock worth $598,000 after purchasing an additional 70 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Red Hat by 13.9% in the 1st quarter. Alliancebernstein L.P. now owns 345,363 shares of the open-source software company’s stock worth $29,874,000 after purchasing an additional 42,121 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Red Hat by 6.8% in the 1st quarter. OppenheimerFunds Inc. now owns 3,363 shares of the open-source software company’s stock worth $291,000 after purchasing an additional 215 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Red Hat by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 276,605 shares of the open-source software company’s stock worth $23,926,000 after purchasing an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

A number of analysts have recently weighed in on the stock. Credit Suisse Group AG assumed coverage on shares of Red Hat in a report on Tuesday, September 5th. They issued a “neutral” rating and a $111.00 target price on the stock. BTIG Research reduced their target price on shares of Red Hat from $120.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Rosenblatt Securities restated a “buy” rating and issued a $112.00 target price (up from $95.00) on shares of Red Hat in a report on Thursday, June 22nd. Piper Jaffray Companies restated a “hold” rating and issued a $100.00 target price on shares of Red Hat in a report on Sunday, August 27th. Finally, Moffett Nathanson assumed coverage on shares of Red Hat in a report on Wednesday, September 6th. They issued a “buy” rating on the stock. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $110.93.

WARNING: “Red Hat, Inc. (RHT) Shares Bought by AHL Partners LLP” was published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/red-hat-inc-rht-shares-bought-by-ahl-partners-llp/1612794.html.

Red Hat, Inc. (NYSE:RHT) opened at 115.52 on Friday. Red Hat, Inc. has a one year low of $68.54 and a one year high of $115.62. The company has a market capitalization of $20.50 billion, a P/E ratio of 79.12 and a beta of 1.25. The company’s 50-day moving average is $107.25 and its 200 day moving average is $95.46.

Red Hat (NYSE:RHT) last released its quarterly earnings data on Monday, September 25th. The open-source software company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $723.60 million during the quarter, compared to analysts’ expectations of $699.56 million. During the same period last year, the business earned $0.55 earnings per share. Red Hat’s revenue was up 20.6% compared to the same quarter last year. On average, equities analysts anticipate that Red Hat, Inc. will post $2.79 earnings per share for the current year.

In other Red Hat news, CEO James M. Whitehurst sold 12,000 shares of Red Hat stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $111.15, for a total transaction of $1,333,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,979 shares in the company, valued at $43,679,615.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James M. Whitehurst sold 9,122 shares of Red Hat stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $98.02, for a total transaction of $894,138.44. Following the sale, the chief executive officer now owns 414,101 shares of the company’s stock, valued at $40,590,180.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,087 shares of company stock valued at $2,620,131. 0.66% of the stock is owned by company insiders.

About Red Hat

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.

Want to see what other hedge funds are holding RHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Hat, Inc. (NYSE:RHT).

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

Receive News & Ratings for Red Hat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.