Ontario Teachers Pension Plan Board lifted its stake in shares of Red Hat, Inc. (NYSE:RHT) by 35.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,919 shares of the open-source software company’s stock after buying an additional 8,392 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Red Hat were worth $3,056,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Red Hat by 1.0% during the second quarter. US Bancorp DE now owns 84,508 shares of the open-source software company’s stock worth $8,091,000 after buying an additional 870 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Red Hat by 17.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 576,206 shares of the open-source software company’s stock worth $55,172,000 after purchasing an additional 86,292 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Red Hat by 6.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,104 shares of the open-source software company’s stock worth $1,481,000 after purchasing an additional 1,100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Red Hat by 1,271.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 494,347 shares of the open-source software company’s stock worth $35,890,000 after purchasing an additional 458,307 shares during the last quarter. Finally, Hillview Capital Advisors LLC bought a new stake in shares of Red Hat in the second quarter worth $345,000. Institutional investors own 94.00% of the company’s stock.

In other Red Hat news, CEO James M. Whitehurst sold 12,000 shares of Red Hat stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $95.70, for a total value of $1,148,400.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director William S. Kaiser sold 10,994 shares of Red Hat stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $96.20, for a total transaction of $1,057,622.80. Following the completion of the transaction, the director now directly owns 80,814 shares of the company’s stock, valued at $7,774,306.80. The disclosure for this sale can be found here. Insiders sold 40,081 shares of company stock valued at $3,878,714 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.

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Several brokerages recently weighed in on RHT. J P Morgan Chase & Co reissued an “overweight” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Red Hat in a research note on Tuesday, September 26th. Drexel Hamilton reissued a “buy” rating and issued a $127.00 price objective on shares of Red Hat in a research note on Tuesday, September 19th. KeyCorp reissued an “overweight” rating and issued a $125.00 price objective (up previously from $121.00) on shares of Red Hat in a research note on Tuesday, September 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 price objective (up previously from $115.00) on shares of Red Hat in a research note on Tuesday, September 26th. Finally, Deutsche Bank AG boosted their price objective on shares of Red Hat from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Red Hat has an average rating of “Buy” and a consensus price target of $110.61.

Shares of Red Hat, Inc. (NYSE RHT) opened at 110.86 on Friday. Red Hat, Inc. has a 1-year low of $68.54 and a 1-year high of $110.93. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 75.93 and a beta of 1.24. The firm has a 50-day moving average of $103.43 and a 200 day moving average of $93.28.

Red Hat (NYSE:RHT) last posted its quarterly earnings data on Monday, September 25th. The open-source software company reported $0.77 EPS for the quarter, topping the 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 business had revenue of $723.60 million for the quarter, compared to analyst estimates of $699.56 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Red Hat’s quarterly revenue was up 20.6% on a year-over-year basis. Equities research analysts forecast that Red Hat, Inc. will post $2.78 earnings per share for the current year.

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.

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

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