5,100 Shares in Red Hat, Inc. (RHT) Acquired by Teza Capital Management LLC

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.

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

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.

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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.

5 Day Chart for NYSE:RHT

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