Fuller & Thaler Asset Management Inc. purchased a new position in shares of Red Hat, Inc. (NYSE:RHT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,900 shares of the open-source software company’s stock, valued at approximately $211,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHT. Granite Investment Partners LLC grew its position in Red Hat by 6.9% during the third quarter. Granite Investment Partners LLC now owns 100,917 shares of the open-source software company’s stock worth $11,188,000 after buying an additional 6,488 shares during the period. Columbus Circle Investors acquired a new position in Red Hat during the third quarter worth about $35,155,000. Cipher Capital LP acquired a new position in Red Hat during the third quarter worth about $4,819,000. 361 Capital LLC acquired a new position in Red Hat during the third quarter worth about $1,483,000. Finally, SG Americas Securities LLC grew its position in Red Hat by 47.8% during the third quarter. SG Americas Securities LLC now owns 25,324 shares of the open-source software company’s stock worth $2,807,000 after buying an additional 8,193 shares during the period. 96.04% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Eugene Beukman sold 100,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $0.73, for a total value of $73,000.00. Also, insider Michael A. Kelly sold 2,888 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $121.03, for a total transaction of $349,534.64. Following the completion of the transaction, the insider now directly owns 8,751 shares in the company, valued at approximately $1,059,133.53. The disclosure for this sale can be found here. In the last three months, insiders sold 234,172 shares of company stock worth $4,072,377. Insiders own 0.66% of the company’s stock.
Shares of Red Hat, Inc. (RHT) traded up $1.77 during mid-day trading on Monday, hitting $128.36. 480,500 shares of the stock were exchanged, compared to its average volume of 1,653,869. Red Hat, Inc. has a fifty-two week low of $68.54 and a fifty-two week high of $129.23. 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 stock has a market cap of $22,710.00, a P/E ratio of 70.53, a PEG ratio of 4.08 and a beta of 1.18.
Red Hat (NYSE:RHT) last issued its earnings results on Monday, September 25th. The open-source software company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. The business had revenue of $723.60 million for the quarter, compared to the consensus estimate of $699.56 million. During the same quarter last year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. equities analysts forecast that Red Hat, Inc. will post 2 earnings per share for the current fiscal year.
Several research analysts have weighed in on RHT shares. Zacks Investment Research lowered shares of 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 target on shares of Red Hat in a research report on Sunday, August 27th. Credit Suisse Group initiated coverage on shares of Red Hat in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $111.00 price target on the stock. Moffett Nathanson initiated coverage on shares of Red Hat in a research report on Wednesday, September 6th. They issued a “buy” rating on the stock. Finally, KeyCorp reiterated an “overweight” rating and issued a $121.00 price target on shares of Red Hat in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $110.93.
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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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