Red Hat Inc (NYSE:RHT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in shares of Red Hat Inc (NYSE:RHT) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,045,639 shares of the open-source software company’s stock after selling 53,021 shares during the period. Janus Henderson Group PLC owned about 0.59% of Red Hat worth $115,916,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Red Hat by 64.2% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 102,555 shares of the open-source software company’s stock worth $11,368,000 after buying an additional 40,090 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Red Hat by 54.5% during the third quarter. First Republic Investment Management Inc. now owns 7,787 shares of the open-source software company’s stock worth $863,000 after buying an additional 2,746 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Red Hat by 3.3% during the third quarter. Segall Bryant & Hamill LLC now owns 438,054 shares of the open-source software company’s stock worth $48,563,000 after buying an additional 13,916 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Red Hat by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 272,723 shares of the open-source software company’s stock worth $30,216,000 after buying an additional 1,267 shares during the period. Finally, AMP Capital Investors Ltd boosted its position in shares of Red Hat by 9.9% during the third quarter. AMP Capital Investors Ltd now owns 86,648 shares of the open-source software company’s stock worth $9,606,000 after buying an additional 7,815 shares during the period. 93.57% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $117.00 price objective (up from $110.00) on shares of Red Hat in a research report on Tuesday, September 26th. Drexel Hamilton reissued a “buy” rating and set a $127.00 price target on shares of Red Hat in a research report on Tuesday, September 19th. KeyCorp reissued an “overweight” rating and set a $125.00 price target (up from $121.00) on shares of Red Hat in a research report on Tuesday, September 26th. Sanford C. Bernstein reissued a “market perform” rating and set a $136.00 price target (up from $115.00) on shares of Red Hat in a research report on Tuesday, September 26th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $98.00 price target (down from $120.00) on shares of Red Hat in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $124.25.

In other Red Hat news, CEO James M. Whitehurst sold 4,211 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $120.36, for a total value of $506,835.96. Following the sale, the chief executive officer now owns 380,158 shares of the company’s stock, valued at approximately $45,755,816.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael A. Kelly sold 2,888 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $121.03, for a total value of $349,534.64. Following the completion of the sale, the insider now directly owns 8,751 shares in the company, valued at approximately $1,059,133.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,172 shares of company stock worth $985,517. Corporate insiders own 0.66% of the company’s stock.

Red Hat Inc (RHT) opened at $124.14 on Friday. Red Hat Inc has a 52 week low of $71.20 and a 52 week high of $130.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.30 and a current ratio of 1.37. The company has a market capitalization of $21,970.00, a price-to-earnings ratio of 67.47, a price-to-earnings-growth ratio of 3.76 and a beta of 1.19.

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

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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.

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

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