Wellington Shields Capital Management LLC acquired a new position in shares of Red Hat Inc (NYSE:RHT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,500 shares of the open-source software company’s stock, valued at approximately $300,000.

Other institutional investors also recently bought and sold shares of the company. Tredje AP fonden acquired a new stake in Red Hat during the 3rd quarter worth approximately $345,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Red Hat by 9.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,432 shares of the open-source software company’s stock worth $1,600,000 after acquiring an additional 1,224 shares during the period. State of Wisconsin Investment Board lifted its position in Red Hat by 22.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 264,085 shares of the open-source software company’s stock worth $29,276,000 after acquiring an additional 48,339 shares during the period. Great West Life Assurance Co. Can lifted its position in Red Hat by 38.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 174,899 shares of the open-source software company’s stock worth $19,201,000 after acquiring an additional 48,695 shares during the period. Finally, American Century Companies Inc. lifted its position in Red Hat by 6,697.1% during the 3rd quarter. American Century Companies Inc. now owns 953,634 shares of the open-source software company’s stock worth $105,720,000 after acquiring an additional 939,604 shares during the period. 95.42% of the stock is owned by institutional investors.

Red Hat Inc (NYSE RHT) opened at $126.84 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $22,850.00, a price-to-earnings ratio of 68.93, a price-to-earnings-growth ratio of 3.81 and a beta of 1.23. Red Hat Inc has a 1 year low of $78.66 and a 1 year high of $135.77.

Red Hat (NYSE:RHT) last released its quarterly earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $747.98 million during the quarter, compared to the consensus estimate of $734.69 million. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. Red Hat’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. sell-side analysts forecast that Red Hat Inc will post 2.08 EPS for the current fiscal year.

A number of analysts have weighed in on RHT shares. Cowen reaffirmed a “buy” rating and set a $136.00 price objective on shares of Red Hat in a research report on Monday, December 11th. Royal Bank of Canada increased their target price on Red Hat to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Evercore ISI increased their target price on Red Hat to $140.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Deutsche Bank reissued a “buy” rating and set a $150.00 target price on shares of Red Hat in a research note on Wednesday, December 20th. Finally, Wells Fargo & Co set a $144.00 target price on Red Hat and gave the stock a “buy” rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $126.65.

In other Red Hat news, Director William S. Kaiser sold 7,700 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $130.00, for a total transaction of $1,001,000.00. Following the completion of the transaction, the director now owns 61,652 shares of the company’s stock, valued at $8,014,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Whitehurst sold 5,593 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $124.87, for a total value of $698,397.91. Following the transaction, the chief executive officer now directly owns 373,506 shares of the company’s stock, valued at approximately $46,639,694.22. The disclosure for this sale can be found here. Insiders have sold 14,686 shares of company stock valued at $1,873,342 in the last three months. 0.66% of the stock is currently owned by company insiders.

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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.

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

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