Dupont Capital Management Corp increased its stake in shares of Red Hat, Inc. (NYSE:RHT) by 274.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,850 shares of the open-source software company’s stock after buying an additional 40,190 shares during the period. Dupont Capital Management Corp’s holdings in Red Hat were worth $5,252,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Outfitter Advisors LTD. boosted its position in Red Hat by 0.9% in the second quarter. Outfitter Advisors LTD. now owns 11,120 shares of the open-source software company’s stock valued at $1,065,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Red Hat by 7.2% in the second quarter. Advisors Asset Management Inc. now owns 41,427 shares of the open-source software company’s stock worth $3,967,000 after buying an additional 2,765 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Red Hat by 2.4% in the second quarter. Rhumbline Advisers now owns 343,703 shares of the open-source software company’s stock worth $32,910,000 after buying an additional 8,096 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Red Hat during the second quarter worth about $2,307,000. Finally, First Trust Advisors LP boosted its stake in shares of Red Hat by 46.3% in the second quarter. First Trust Advisors LP now owns 609,295 shares of the open-source software company’s stock worth $58,340,000 after buying an additional 192,814 shares in the last quarter. Institutional investors and hedge funds own 93.23% of the company’s stock.
Shares of Red Hat, Inc. (NYSE RHT) opened at 99.99 on Wednesday. The company has a market cap of $17.74 billion, a PE ratio of 68.49 and a beta of 1.26. The stock’s 50 day moving average is $97.99 and its 200-day moving average is $88.92. Red Hat, Inc. has a one year low of $68.54 and a one year high of $101.72.
Red Hat (NYSE:RHT) last issued its quarterly earnings data on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Red Hat had a return on equity of 22.84% and a net margin of 10.54%. The company had revenue of $677 million for the quarter, compared to the consensus estimate of $647.42 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. Equities research analysts expect that Red Hat, Inc. will post $2.66 earnings per share for the current year.
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RHT has been the subject of a number of research analyst reports. MKM Partners reaffirmed a “neutral” rating and set a $98.00 price objective (up previously from $82.00) on shares of Red Hat in a research report on Friday, June 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $112.00 price target (up previously from $95.00) on shares of Red Hat in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating on shares of Red Hat in a research report on Thursday, June 22nd. Piper Jaffray Companies initiated coverage on shares of Red Hat in a research report on Friday, June 23rd. They issued a “neutral” rating and a $100.00 price target for the company. Finally, Zacks Investment Research raised shares of Red Hat from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Friday, June 23rd. Nine equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $98.72.
In related news, CFO Eric Ryan Shander sold 1,521 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $99.98, for a total transaction of $152,069.58. Following the sale, the chief financial officer now owns 9,913 shares of the company’s stock, valued at $991,101.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul J. Cormier sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $91.16, for a total value of $2,734,800.00. Following the sale, the executive vice president now directly owns 219,578 shares in the company, valued at approximately $20,016,730.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,549 shares of company stock worth $12,133,438. 0.66% of the stock is owned by corporate insiders.
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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