Red Hat Software (NYSE:RHT) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd decreased its stake in shares of Red Hat Software (NYSE:RHT) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,286 shares of the open-source software company’s stock after selling 7,362 shares during the quarter. AMP Capital Investors Ltd’s holdings in Red Hat Software were worth $9,522,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RHT. Jennison Associates LLC boosted its holdings in Red Hat Software by 19.4% during the fourth quarter. Jennison Associates LLC now owns 9,552,072 shares of the open-source software company’s stock worth $1,147,204,000 after buying an additional 1,550,821 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Red Hat Software by 13.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,144,600 shares of the open-source software company’s stock worth $257,566,000 after acquiring an additional 260,513 shares during the period. Geode Capital Management LLC raised its position in Red Hat Software by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,924,314 shares of the open-source software company’s stock worth $230,638,000 after acquiring an additional 50,450 shares during the period. Bank of Montreal Can raised its position in Red Hat Software by 93.9% during the fourth quarter. Bank of Montreal Can now owns 1,242,177 shares of the open-source software company’s stock worth $149,187,000 after acquiring an additional 601,622 shares during the period. Finally, Champlain Investment Partners LLC raised its position in Red Hat Software by 1.0% during the fourth quarter. Champlain Investment Partners LLC now owns 1,204,005 shares of the open-source software company’s stock worth $144,601,000 after acquiring an additional 11,385 shares during the period. 95.75% of the stock is currently owned by institutional investors and hedge funds.

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In other Red Hat Software news, EVP Delisa Alexander sold 1,393 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $173,943.91. Following the sale, the executive vice president now directly owns 36,420 shares in the company, valued at approximately $4,547,765.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James M. Whitehurst sold 5,593 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $124.87, for a total transaction of $698,397.91. Following the completion of the sale, the chief executive officer now owns 373,506 shares in the company, valued at $46,639,694.22. The disclosure for this sale can be found here. Insiders have sold a total of 14,686 shares of company stock worth $1,873,342 over the last 90 days. Insiders own 0.66% of the company’s stock.

A number of equities analysts have weighed in on RHT shares. Citigroup restated a “buy” rating and set a $148.00 price objective on shares of Red Hat Software in a research report on Wednesday, December 13th. Barclays reiterated a “buy” rating and issued a $145.00 target price on shares of Red Hat Software in a research report on Wednesday, December 13th. Mizuho increased their target price on shares of Red Hat Software from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Cowen restated a “buy” rating and set a $136.00 price objective on shares of Red Hat Software in a research report on Monday, December 11th. Finally, Oppenheimer restated a “buy” rating and set a $140.00 price objective (up from $125.00) on shares of Red Hat Software in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $152.13.

NYSE:RHT traded down $1.90 during midday trading on Friday, reaching $149.17. The stock had a trading volume of 1,057,175 shares, compared to its average volume of 2,125,713. Red Hat Software has a 12-month low of $84.16 and a 12-month high of $167.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.36 and a quick ratio of 1.37. The firm has a market cap of $26,740.04, a price-to-earnings ratio of 64.86, a price-to-earnings-growth ratio of 3.81 and a beta of 1.07.

Red Hat Software (NYSE:RHT) last posted its quarterly earnings data on Monday, March 26th. The open-source software company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. Red Hat Software had a net margin of 8.86% and a return on equity of 29.36%. The firm had revenue of $772.00 million for the quarter, compared to analyst estimates of $761.87 million. During the same period last year, the firm posted $0.61 EPS. Red Hat Software’s quarterly revenue was up 22.8% on a year-over-year basis. analysts expect that Red Hat Software will post 2.52 earnings per share for the current fiscal year.

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Red Hat Software Company Profile

Red Hat, Inc provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications.

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

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