Fmr LLC lifted its position in shares of Red Hat, Inc. (NYSE:RHT) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,165,642 shares of the open-source software company’s stock after acquiring an additional 1,085,953 shares during the quarter. Fmr LLC owned 6.29% of Red Hat worth $1,069,110,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Red Hat by 2.8% during 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. Northern Trust Corp boosted its holdings in Red Hat by 28.8% during 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 buying an additional 848,777 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Red Hat by 6.8% during the second quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock worth $102,000 after buying an additional 68 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Red Hat by 0.6% during the second quarter. UBS Asset Management Americas Inc. now owns 673,656 shares of the open-source software company’s stock worth $64,503,000 after buying an additional 3,834 shares in the last quarter. Finally, Nicholas Investment Partners LP purchased a new stake in Red Hat during the second quarter worth about $3,952,000. Institutional investors and hedge funds own 94.00% of the company’s stock.

In other Red Hat news, CFO Eric Ryan Shander sold 1,521 shares of Red Hat stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $99.98, for a total value of $152,069.58. Following the completion of the sale, the chief financial officer now directly owns 9,913 shares in the company, valued at $991,101.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Delisa Alexander sold 2,444 shares of Red Hat stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $98.25, for a total transaction of $240,123.00. Following the completion of the sale, the executive vice president now owns 41,570 shares of the company’s stock, valued at $4,084,252.50. The disclosure for this sale can be found here. Insiders sold 44,087 shares of company stock valued at $4,265,012 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

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Shares of Red Hat, Inc. (RHT) opened at 106.30 on Friday. Red Hat, Inc. has a 52-week low of $68.54 and a 52-week high of $108.39. The stock has a 50 day moving average of $103.43 and a 200 day moving average of $93.28. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 72.81 and a beta of 1.24.

Red Hat (NYSE:RHT) last posted its earnings results on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. The firm had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $647.42 million. Red Hat had a net margin of 10.54% and a return on equity of 22.84%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share. Equities analysts predict that Red Hat, Inc. will post $2.69 EPS for the current fiscal year.

RHT has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Red Hat from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. BTIG Research decreased their price objective on shares of Red Hat from $120.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Stifel Nicolaus raised shares of Red Hat from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $83.00 to $115.00 in a report on Wednesday, June 21st. Mizuho decreased their price objective on shares of Red Hat from $109.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Finally, Deutsche Bank AG boosted their price objective on shares of Red Hat from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. Ten investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Red Hat presently has an average rating of “Buy” and an average price target of $102.99.

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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