Nisa Investment Advisors LLC Buys 3,179 Shares of Red Hat Inc (RHT)

Nisa Investment Advisors LLC increased its stake in Red Hat Inc (NYSE:RHT) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,027 shares of the open-source software company’s stock after purchasing an additional 3,179 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Red Hat were worth $5,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. grew its position in shares of Red Hat by 6.8% in the second quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock valued at $102,000 after purchasing an additional 68 shares in the last quarter. Clear Perspective Advisors LLC purchased a new position in shares of Red Hat in the second quarter valued at $112,000. Sun Life Financial INC grew its position in shares of Red Hat by 14,837.5% in the second quarter. Sun Life Financial INC now owns 1,195 shares of the open-source software company’s stock valued at $114,000 after purchasing an additional 1,187 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Red Hat in the second quarter valued at $135,000. Finally, Zions Bancorporation purchased a new position in shares of Red Hat in the third quarter valued at $164,000. Institutional investors own 94.32% of the company’s stock.

Shares of Red Hat Inc (NYSE RHT) opened at $124.59 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.37 and a current ratio of 1.37. Red Hat Inc has a 52 week low of $72.60 and a 52 week high of $130.93. The stock has a market capitalization of $22,293.69, a PE ratio of 64.92, a price-to-earnings-growth ratio of 3.85 and a beta of 1.20.

Red Hat (NYSE:RHT) last issued its quarterly earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $734.69 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was up 21.6% compared to the same quarter last year. sell-side analysts forecast that Red Hat Inc will post 2.08 EPS for the current year.

Several equities analysts have recently weighed in on the company. Robert W. Baird reiterated a “hold” rating on shares of Red Hat in a research report on Wednesday, December 20th. BMO Capital Markets lifted their price target on Red Hat from $128.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, December 20th. BTIG Research lifted their price target on Red Hat from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Wells Fargo & Co set a $144.00 price target on Red Hat and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $120.00 price target (up from $113.00) on shares of Red Hat in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company. Red Hat presently has a consensus rating of “Buy” and a consensus target price of $124.25.

TRADEMARK VIOLATION NOTICE: “Nisa Investment Advisors LLC Buys 3,179 Shares of Red Hat Inc (RHT)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/01/17/nisa-investment-advisors-llc-buys-3179-shares-of-red-hat-inc-rht.html.

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.

Want to see what other hedge funds are holding RHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Hat Inc (NYSE:RHT).

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

Receive News & Ratings for Red Hat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply