Red Hat Inc (NYSE:RHT) shares hit a new 52-week high and low on Thursday . The company traded as low as $177.70 and last traded at $176.60, with a volume of 33853 shares trading hands. The stock had previously closed at $175.30.

RHT has been the topic of a number of research analyst reports. Raymond James lifted their price target on Red Hat from $139.00 to $164.00 and gave the company an “outperform” rating in a report on Thursday, March 22nd. Zacks Investment Research upgraded Red Hat from a “hold” rating to a “buy” rating and set a $173.00 price target on the stock in a report on Thursday, March 29th. Deutsche Bank lifted their price target on Red Hat to $185.00 and gave the company a “buy” rating in a report on Tuesday, April 17th. BMO Capital Markets lifted their price target on Red Hat from $142.00 to $172.00 and gave the company a “market perform” rating in a report on Friday, March 23rd. Finally, Barclays lifted their price target on Red Hat from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, March 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $157.76.

The company has a market capitalization of $30.25 billion, a PE ratio of 76.83, a PEG ratio of 4.22 and a beta of 1.07. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.51.

Red Hat (NYSE:RHT) last released its quarterly earnings results on Monday, March 26th. The open-source software company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $761.87 million. Red Hat had a return on equity of 29.36% and a net margin of 8.86%. The firm’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. equities analysts expect that Red Hat Inc will post 2.52 earnings per share for the current year.

In other news, EVP Arun Oberoi sold 15,000 shares of the company’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $153.58, for a total transaction of $2,303,700.00. Following the completion of the sale, the executive vice president now owns 74,457 shares in the company, valued at approximately $11,435,106.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James M. Whitehurst sold 4,422 shares of the company’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $161.32, for a total value of $713,357.04. Following the sale, the chief executive officer now owns 346,645 shares of the company’s stock, valued at approximately $55,920,771.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,376 shares of company stock valued at $17,167,724. 0.66% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHT. California Public Employees Retirement System lifted its position in shares of Red Hat by 3.7% during the 4th quarter. California Public Employees Retirement System now owns 422,299 shares of the open-source software company’s stock worth $50,718,000 after purchasing an additional 14,959 shares during the last quarter. NuWave Investment Management LLC acquired a new position in shares of Red Hat during the 4th quarter worth about $228,000. Candriam Luxembourg S.C.A. lifted its position in shares of Red Hat by 9.8% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 16,056 shares of the open-source software company’s stock worth $1,928,000 after purchasing an additional 1,435 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Red Hat by 3.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 17,048 shares of the open-source software company’s stock worth $2,047,000 after purchasing an additional 500 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Red Hat by 1.3% during the 4th quarter. Sei Investments Co. now owns 206,470 shares of the open-source software company’s stock worth $24,797,000 after purchasing an additional 2,674 shares during the last quarter. Institutional investors own 95.39% of the company’s stock.

About Red Hat

Red Hat, Inc provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications.

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