Robert W. Baird reiterated their not rated rating on shares of Red Hat (NYSE:RHT) in a research note released on Thursday, BenzingaRatingsTable reports.

Several other brokerages have also weighed in on RHT. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. William Blair restated a buy rating on shares of Dynavax Technologies in a research note on Friday, June 21st. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $179.37.

Shares of Red Hat stock opened at $187.71 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.11. Red Hat has a twelve month low of $115.31 and a twelve month high of $189.14. The company has a 50-day simple moving average of $186.50. The stock has a market cap of $33.43 billion, a price-to-earnings ratio of 67.28, a PEG ratio of 3.98 and a beta of 0.45.

Red Hat (NYSE:RHT) last announced its quarterly earnings results on Thursday, June 20th. The open-source software company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.14. Red Hat had a return on equity of 36.67% and a net margin of 13.26%. The firm had revenue of $934.10 million during the quarter, compared to analyst estimates of $931.58 million. During the same quarter in the previous year, the business earned $0.72 EPS. Red Hat’s revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Red Hat will post 3.14 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors Inc. boosted its holdings in Red Hat by 26.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 297 shares of the open-source software company’s stock worth $54,000 after buying an additional 62 shares during the last quarter. 6 Meridian boosted its holdings in shares of Red Hat by 2.3% during the 2nd quarter. 6 Meridian now owns 2,767 shares of the open-source software company’s stock worth $520,000 after purchasing an additional 62 shares during the last quarter. Glassman Wealth Services boosted its holdings in shares of Red Hat by 58.0% during the 1st quarter. Glassman Wealth Services now owns 207 shares of the open-source software company’s stock worth $38,000 after purchasing an additional 76 shares during the last quarter. Smithfield Trust Co. boosted its holdings in shares of Red Hat by 19.3% during the 1st quarter. Smithfield Trust Co. now owns 617 shares of the open-source software company’s stock worth $113,000 after purchasing an additional 100 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of Red Hat by 7.2% during the 1st quarter. Greenleaf Trust now owns 1,511 shares of the open-source software company’s stock worth $276,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Red Hat Company Profile

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.

Featured Story: How are the companies in the S&P 500 selected?

Analyst Recommendations for Red Hat (NYSE:RHT)

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