Wunderlich Capital Managemnt increased its holdings in Red Hat Inc (NYSE:RHT) by 330.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,831 shares of the open-source software company’s stock after acquiring an additional 7,548 shares during the period. Wunderlich Capital Managemnt’s holdings in Red Hat were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Red Hat by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,627,522 shares of the open-source software company’s stock worth $1,687,836,000 after acquiring an additional 479,615 shares during the period. FMR LLC grew its position in Red Hat by 10.8% in the second quarter. FMR LLC now owns 11,165,642 shares of the open-source software company’s stock worth $1,069,110,000 after acquiring an additional 1,085,953 shares during the period. Northern Trust Corp grew its position in Red Hat by 28.8% in the second quarter. Northern Trust Corp now owns 3,794,946 shares of the open-source software company’s stock worth $363,365,000 after acquiring an additional 848,777 shares during the period. TIAA CREF Investment Management LLC grew its position in Red Hat by 34.4% in the second quarter. TIAA CREF Investment Management LLC now owns 1,302,954 shares of the open-source software company’s stock worth $124,758,000 after acquiring an additional 333,408 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Red Hat by 282.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,177,208 shares of the open-source software company’s stock worth $112,718,000 after acquiring an additional 869,550 shares during the period. Institutional investors own 93.85% of the company’s stock.

In other Red Hat news, insider Michael A. Kelly sold 2,888 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $121.03, for a total value of $349,534.64. Following the sale, the insider now directly owns 8,751 shares in the company, valued at $1,059,133.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William S. Kaiser sold 14,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $114.79, for a total value of $1,607,060.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,172 shares of company stock worth $3,926,377. 0.66% of the stock is owned by insiders.

Red Hat Inc (RHT) traded up $1.33 during trading on Tuesday, reaching $126.62. The company’s stock had a trading volume of 1,654,200 shares, compared to its average volume of 1,655,821. Red Hat Inc has a one year low of $68.54 and a one year high of $129.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $22,337.71, a PE ratio of 68.84, a PEG ratio of 3.98 and a beta of 1.19.

Red Hat (NYSE:RHT) last posted its quarterly earnings results on Monday, September 25th. The open-source software company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Red Hat had a return on equity of 25.27% and a net margin of 11.49%. The company had revenue of $723.60 million for the quarter, compared to analysts’ expectations of $699.56 million. During the same period last year, the firm earned $0.55 earnings per share. Red Hat’s quarterly revenue was up 20.6% on a year-over-year basis. analysts anticipate that Red Hat Inc will post 2 earnings per share for the current year.

Several research analysts recently weighed in on RHT shares. Zacks Investment Research lowered Red Hat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $100.00 price objective on shares of Red Hat in a research report on Sunday, August 27th. Credit Suisse Group started coverage on Red Hat in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $111.00 price objective for the company. Moffett Nathanson started coverage on Red Hat in a research report on Wednesday, September 6th. They issued a “buy” rating for the company. Finally, KeyCorp reiterated an “overweight” rating and issued a $121.00 price objective on shares of Red Hat in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have given a buy rating to the stock. Red Hat currently has a consensus rating of “Buy” and a consensus price target of $112.36.

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

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