Virtu KCG Holdings LLC lifted its stake in Red Hat, Inc. (NYSE:RHT) by 116.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,538 shares of the open-source software company’s stock after acquiring an additional 33,612 shares during the period. Virtu KCG Holdings LLC’s holdings in Red Hat were worth $5,988,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Red Hat in the second quarter worth $27,506,000. TLP Group LLC acquired a new stake in shares of Red Hat in the second quarter worth $255,000. Baker Avenue Asset Management LP grew its stake in shares of Red Hat by 29.5% in the second quarter. Baker Avenue Asset Management LP now owns 23,805 shares of the open-source software company’s stock worth $2,279,000 after acquiring an additional 5,419 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Red Hat by 6.4% in the second quarter. Parametric Portfolio Associates LLC now owns 319,211 shares of the open-source software company’s stock worth $30,564,000 after acquiring an additional 19,308 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Red Hat by 1.3% in the second quarter. Nordea Investment Management AB now owns 7,011 shares of the open-source software company’s stock worth $671,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 94.00% of the company’s stock.

In related news, CEO James M. Whitehurst sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $95.70, for a total value of $1,148,400.00. Following the sale, the chief executive officer now directly owns 422,873 shares of the company’s stock, valued at $40,468,946.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Whitehurst sold 9,122 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $98.02, for a total value of $894,138.44. Following the completion of the sale, the chief executive officer now directly owns 414,101 shares in the company, valued at $40,590,180.02. The disclosure for this sale can be found here. Insiders sold 44,087 shares of company stock worth $4,265,012 over the last ninety days. 0.66% of the stock is currently owned by insiders.

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Several equities research analysts have recently issued reports on RHT shares. Barclays PLC raised their price objective on shares of Red Hat from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, September 18th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $105.00 price objective (up previously from $96.00) on shares of Red Hat in a research note on Thursday, June 22nd. Piper Jaffray Companies started coverage on shares of Red Hat in a research note on Friday, June 23rd. They issued a “neutral” rating and a $100.00 price objective on the stock. Zacks Investment Research downgraded shares of Red Hat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Cowen and Company restated a “buy” rating and issued a $112.00 price objective on shares of Red Hat in a research note on Sunday. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Red Hat currently has an average rating of “Buy” and an average target price of $103.99.

Red Hat, Inc. (RHT) traded down 0.51% on Friday, hitting $106.30. The company had a trading volume of 1,899,551 shares. Red Hat, Inc. has a 12-month low of $68.54 and a 12-month high of $108.39. The firm has a 50-day moving average price of $103.43 and a 200-day moving average price of $93.28. The firm has a market capitalization of $18.86 billion, a PE ratio of 72.81 and a beta of 1.24.

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.

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

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