Red Hat Inc (NYSE:RHT) Director William S. Kaiser sold 7,700 shares of Red Hat stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $130.00, for a total value of $1,001,000.00. Following the completion of the sale, the director now owns 61,652 shares of the company’s stock, valued at approximately $8,014,760. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Red Hat Inc (NYSE RHT) opened at $127.05 on Tuesday. The firm has a market capitalization of $22,490.00, a P/E ratio of 69.05, a price-to-earnings-growth ratio of 3.91 and a beta of 1.23. Red Hat Inc has a fifty-two week low of $77.40 and a fifty-two week high of $135.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 1.37.

Red Hat (NYSE:RHT) last released its quarterly earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. The firm had revenue of $747.98 million during the quarter, compared to analysts’ expectations of $734.69 million. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. Red Hat’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. equities analysts forecast that Red Hat Inc will post 2.08 earnings per share for the current year.

RHT has been the subject of several recent analyst reports. Zacks Investment Research cut Red Hat from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Northland Securities restated a “buy” rating and issued a $150.00 price target on shares of Red Hat in a report on Thursday, December 21st. Mizuho lifted their price target on Red Hat from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Credit Suisse Group restated a “neutral” rating and issued a $120.00 price target (up previously from $113.00) on shares of Red Hat in a report on Wednesday, December 20th. Finally, Bank of America restated an “underperform” rating and issued a $115.00 price target on shares of Red Hat in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $126.65.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its holdings in Red Hat by 6.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock worth $102,000 after acquiring an additional 68 shares during the period. Nordea Investment Management AB boosted its holdings in Red Hat by 1.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,011 shares of the open-source software company’s stock worth $671,000 after acquiring an additional 92 shares during the period. Gyroscope Capital Management Group LLC boosted its holdings in Red Hat by 4.0% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 2,429 shares of the open-source software company’s stock worth $233,000 after acquiring an additional 93 shares during the period. Gofen & Glossberg LLC IL boosted its holdings in Red Hat by 0.3% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 44,097 shares of the open-source software company’s stock worth $4,222,000 after acquiring an additional 151 shares during the period. Finally, Oakbrook Investments LLC boosted its holdings in Red Hat by 3.1% in the 4th quarter. Oakbrook Investments LLC now owns 14,205 shares of the open-source software company’s stock worth $1,706,000 after acquiring an additional 430 shares during the period. Hedge funds and other institutional investors own 95.42% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Red Hat (NYSE:RHT)

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