Red Hat, Inc. (RHT) Shares Bought by Dupont Capital Management Corp
Dupont Capital Management Corp boosted its position in Red Hat, Inc. (NYSE:RHT) by 274.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,850 shares of the open-source software company’s stock after buying an additional 40,190 shares during the period. Dupont Capital Management Corp’s holdings in Red Hat were worth $5,252,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Red Hat by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,147,907 shares of the open-source software company’s stock worth $1,483,294,000 after buying an additional 399,260 shares in the last quarter. FMR LLC raised its stake in shares of Red Hat by 3.3% in the first quarter. FMR LLC now owns 10,079,689 shares of the open-source software company’s stock worth $871,894,000 after buying an additional 317,464 shares in the last quarter. Sustainable Growth Advisers LP raised its stake in shares of Red Hat by 3.8% in the first quarter. Sustainable Growth Advisers LP now owns 2,425,693 shares of the open-source software company’s stock worth $209,823,000 after buying an additional 88,232 shares in the last quarter. DF Dent & Co. Inc. raised its stake in shares of Red Hat by 2.7% in the first quarter. DF Dent & Co. Inc. now owns 1,803,495 shares of the open-source software company’s stock worth $156,002,000 after buying an additional 47,219 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Red Hat by 8.8% in the first quarter. Geode Capital Management LLC now owns 1,681,066 shares of the open-source software company’s stock worth $145,198,000 after buying an additional 135,533 shares in the last quarter. 93.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Red Hat, Inc. (NYSE:RHT) opened at 99.99 on Wednesday. Red Hat, Inc. has a 12 month low of $68.54 and a 12 month high of $101.72. The firm has a market capitalization of $17.74 billion, a PE ratio of 68.49 and a beta of 1.26. The company has a 50 day moving average price of $97.99 and a 200-day moving average price of $88.92.
Red Hat (NYSE:RHT) last announced its quarterly earnings data on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The firm had revenue of $677 million during the quarter, compared to analyst estimates of $647.42 million. Red Hat had a return on equity of 22.84% and a net margin of 10.54%. Red Hat’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. Equities research analysts expect that Red Hat, Inc. will post $2.66 EPS for the current fiscal year.
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RHT has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $105.00 price target (up from $96.00) on shares of Red Hat in a research note on Thursday, June 22nd. Piper Jaffray Companies began coverage on Red Hat in a research note on Friday, June 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. Zacks Investment Research lowered Red Hat from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. MKM Partners reissued a “neutral” rating and set a $98.00 price objective (up previously from $82.00) on shares of Red Hat in a research note on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) boosted their price objective on Red Hat from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Nine analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $98.72.
In related news, CEO James M. Whitehurst sold 12,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $95.70, for a total value of $1,148,400.00. Following the completion of the sale, the chief executive officer now directly owns 422,873 shares of the company’s stock, valued at $40,468,946.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Eric Ryan Shander sold 1,521 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $99.98, for a total value of $152,069.58. Following the completion of the sale, the chief financial officer now directly owns 9,913 shares of the company’s stock, valued at $991,101.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,549 shares of company stock valued at $12,133,438. 0.66% of the stock is owned by corporate insiders.
Red Hat Company 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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