Teza Capital Management LLC acquired a new position in shares of Red Hat, Inc. (NYSE:RHT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,100 shares of the open-source software company’s stock, valued at approximately $355,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its position in Red Hat by 169.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 15,915 shares of the open-source software company’s stock worth $1,155,000 after buying an additional 10,018 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Red Hat by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 373,912 shares of the open-source software company’s stock worth $27,147,000 after buying an additional 2,608 shares during the period. Blair William & Co. IL increased its stake in Red Hat by 5.7% in the second quarter. Blair William & Co. IL now owns 1,397,518 shares of the open-source software company’s stock worth $101,460,000 after buying an additional 74,870 shares during the period. Ardevora Asset Management LLP increased its stake in Red Hat by 9.2% in the second quarter. Ardevora Asset Management LLP now owns 361,400 shares of the open-source software company’s stock worth $26,238,000 after buying an additional 30,500 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Red Hat by 9.6% in the second quarter. William Blair Investment Management LLC now owns 2,925,029 shares of the open-source software company’s stock worth $212,357,000 after buying an additional 255,220 shares during the period. 95.36% of the stock is owned by institutional investors.
Shares of Red Hat, Inc. (NYSE:RHT) traded up 0.54% during midday trading on Tuesday, hitting $80.20. The stock had a trading volume of 804,451 shares. The company has a market capitalization of $14.30 billion, a PE ratio of 61.22 and a beta of 1.44. The firm’s 50-day moving average is $74.57 and its 200 day moving average is $76.04. Red Hat, Inc. has a one year low of $62.85 and a one year high of $82.73.
Red Hat (NYSE:RHT) last issued its earnings results on Wednesday, December 21st. The open-source software company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Red Hat had a return on equity of 20.57% and a net margin of 10.36%. The business earned $615 million during the quarter. During the same period in the previous year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 17.5% on a year-over-year basis. Equities analysts expect that Red Hat, Inc. will post $2.27 earnings per share for the current fiscal year.
This story was first posted by sleekmoney and is owned by of sleekmoney. If you are viewing this story on another website, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The original version of this story can be viewed at http://sleekmoney.com/5100-shares-in-red-hat-inc-rht-acquired-by-teza-capital-management-llc/1660622.html.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Red Hat from a “hold” rating to a “sell” rating in a research report on Tuesday, December 20th. Vetr raised shares of Red Hat from a “buy” rating to a “strong-buy” rating and set a $82.00 target price for the company in a research report on Tuesday, January 17th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $88.00 target price on shares of Red Hat in a research report on Monday, December 26th. JMP Securities reissued an “outperform” rating and set a $93.00 target price (down previously from $97.00) on shares of Red Hat in a research report on Friday, December 23rd. Finally, Mizuho lowered their price objective on shares of Red Hat from $88.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, December 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.40.
In other Red Hat news, EVP Delisa Alexander sold 1,365 shares of the business’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $72.83, for a total transaction of $99,412.95. Following the completion of the sale, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $4,038,423.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.76% of the company’s stock.
About Red Hat
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).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/5100-shares-in-red-hat-inc-rht-acquired-by-teza-capital-management-llc/1660622.html
Receive News & Ratings for Red Hat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.