Bp Plc continued to hold its stake in shares of Red Hat, Inc. (NYSE:RHT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,000 shares of the open-source software company’s stock at the end of the second quarter. Bp Plc’s holdings in Red Hat were worth $2,011,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jericho Capital Asset Management L.P. bought a new stake in shares of Red Hat during the first quarter worth about $92,816,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of Red Hat during the first quarter worth about $61,821,000. Marshall Wace North America L.P. bought a new stake in shares of Red Hat during the first quarter worth about $61,821,000. TimesSquare Capital Management LLC bought a new stake in shares of Red Hat during the first quarter worth about $58,586,000. Finally, Vanguard Group Inc. raised its stake in shares of Red Hat by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,147,907 shares of the open-source software company’s stock worth $1,483,294,000 after buying an additional 399,260 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Shares of Red Hat, Inc. (NYSE RHT) opened at 95.95 on Friday. The company has a market cap of $17.03 billion, a P/E ratio of 65.72 and a beta of 1.26. Red Hat, Inc. has a 52 week low of $68.54 and a 52 week high of $101.73. The company’s 50-day moving average price is $97.95 and its 200 day moving average price is $88.21.

Red Hat (NYSE:RHT) last released its earnings results on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $677 million for the quarter, compared to the consensus estimate of $647.42 million. Red Hat had a return on equity of 22.84% and a net margin of 10.54%. Red Hat’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, equities analysts forecast that Red Hat, Inc. will post $2.66 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/08/11/bp-plc-has-2011000-position-in-red-hat-inc-nyserht.html.

RHT has been the topic of a number of recent analyst reports. Zacks Investment Research raised Red Hat from a “hold” rating to a “strong-buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, May 2nd. BTIG Research cut their target price on Red Hat from $120.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $96.00 price target (up from $94.00) on shares of Red Hat in a research report on Wednesday, May 10th. Sanford C. Bernstein started coverage on Red Hat in a research report on Wednesday, May 24th. They set a “market perform” rating and a $102.00 price target on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $112.00 price target (up from $95.00) on shares of Red Hat in a research report on Thursday, June 22nd. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Red Hat has a consensus rating of “Buy” and a consensus price target of $98.72.

In related news, Director William S. Kaiser sold 4,006 shares of Red Hat stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $96.43, for a total transaction of $386,298.58. Following the completion of the transaction, the director now owns 91,808 shares in the company, valued at $8,853,045.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Ryan Shander sold 1,521 shares of Red Hat stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $99.98, for a total value of $152,069.58. Following the transaction, the chief financial officer now owns 9,913 shares of the company’s stock, valued at approximately $991,101.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,549 shares of company stock worth $12,133,438. 0.66% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding RHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Hat, Inc. (NYSE:RHT).

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

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