Red Hat, Inc. (NYSE:RHT) Director Eugene Beukman sold 100,000 shares of Red Hat stock in a transaction on Friday, November 10th. The shares were sold at an average price of C$0.73, for a total transaction of C$73,000.00.

Shares of Red Hat, Inc. (RHT) opened at C$124.18 on Friday. 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 company has a market capitalization of $22,139.80, a price-to-earnings ratio of 68.23, a P/E/G ratio of 3.95 and a beta of 1.18. Red Hat, Inc. has a 52 week low of C$68.54 and a 52 week high of C$124.56.

Red Hat (NYSE:RHT) last issued its quarterly earnings results on Monday, September 25th. The company reported C$0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.10. Red Hat had a return on equity of 25.27% and a net margin of 11.49%. The firm had revenue of C$723.60 million for the quarter, compared to analyst estimates of C$699.56 million. During the same period last year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. research analysts expect that Red Hat, Inc. will post 2 EPS for the current year.

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Several brokerages have issued reports on RHT. Zacks Investment Research cut shares of Red Hat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Credit Suisse Group began coverage on shares of Red Hat in a research note on Tuesday, September 5th. They set a “neutral” rating and a $111.00 target price on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $100.00 target price on shares of Red Hat in a research note on Sunday, August 27th. KeyCorp reaffirmed an “overweight” rating and set a $121.00 target price on shares of Red Hat in a research note on Friday, September 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Red Hat from $106.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 20th. 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’s stock. The company currently has an average rating of “Buy” and an average target price of C$110.93.

A number of large investors have recently modified their holdings of RHT. D.A. Davidson & CO. raised its holdings in shares of Red Hat by 6.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,071 shares of the company’s stock worth $102,000 after purchasing an additional 68 shares during the period. Clear Perspective Advisors LLC purchased a new position in shares of Red Hat in the 2nd quarter worth about $112,000. Sun Life Financial INC raised its holdings in shares of Red Hat by 14,837.5% in the 2nd quarter. Sun Life Financial INC now owns 1,195 shares of the company’s stock worth $114,000 after purchasing an additional 1,187 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in shares of Red Hat in the 2nd quarter worth about $117,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Red Hat in the 2nd quarter worth about $122,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Red Hat (NYSE:RHT)

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