The stock increased 1.21% or $1.45 during the last trading session, reaching $121.76. During the same quarter in the prior year, the business earned $0.55 EPS. Bluestein R H & Co. lifted its stake in Red Hat by 50.0% in the third quarter. About 111,463 shares traded.
Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 1 Sell and 8 Hold. It has underperformed by 16.70% the S&P500. (NYSE:RHT). Yhb Investment has invested 0.08% in Red Hat, Inc. Therefore 73% are positive. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $128.00 target price (up from $107.00) on shares of Red Hat in a report on Tuesday, September 26th. The rating was maintained by JMP Securities with "Market Outperform" on Wednesday, September 13. ING Groep NV's holdings in Red Hat were worth $1,405,000 as of its most recent filing with the SEC. Drexel Hamilton reiterated a "buy" rating and set a $105.00 price objective on shares of Red Hat in a research note on Friday, March 24th. 9,340 were reported by Glg Limited Liability Company. The company was maintained on Thursday, September 22 by Citigroup. The firm has "Hold" rating by Jefferies given on Thursday, October 26. The firm has "Buy" rating given on Monday, September 21 by Mizuho. (NYSE:RHT) rating on Friday, December 18. New York State Teachers Retirement Systems has invested 0.07% in Red Hat, Inc.
That transaction by Vanguard took place on September 30, 2017, the same day Fmr Llc purchased an additional 1.67 million shares in RHT to bring its total stake to 12.84 million. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. It is negative, as 25 investors sold RHT shares while 161 reduced holdings. The fund owned 41,641 shares of the open-source software company's stock after acquiring an additional 15,361 shares during the period. The open-source software company reported $0.77 EPS for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.10. During the same period last year, the firm posted $0.55 EPS. equities analysts expect that Red Hat Inc will post 2 earnings per share for the current year.
Red Hat (NYSE:RHT) last issued its earnings results on Monday, March 27th. (NYSE:RHT). Schroder Invest Management Gp reported 55,305 shares. Engineers Gate Manager LP's holdings in Red Hat were worth $4,616,000 at the end of the most recent quarter. Cubist Systematic Strategies accumulated 0.25% or 40,606 shares. Zwj Investment Counsel Incorporated invested in 9,685 shares or 0.09% of the stock. Shine Inv Advisory Service invested 0.06% in Red Hat, Inc. (NYSE:RHT). Bnp Paribas Asset Mngmt Sa holds 0.12% or 145,027 shares. Clover Partners L.P. owns 555,687 shares or 4.13% of their USA portfolio. (NYSE:RHT). Manufacturers Life Company The holds 0.02% or 207,115 shares in its portfolio. Nippon Life Ins accumulated 16,190 shares or 0.03% of the stock. Red Hat Inc has a 12-month low of $68.54 and a 12-month high of $90.01.
In related news, insider Michael A. Kelly sold 2,888 shares of the stock in a transaction on Wednesday, October 18th. Strs Ohio stated it has 0.11% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 209,268 shares. Sg Americas stated it has 17,131 shares.
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. Pier Capital LLC now owns 5,214 shares of the open-source software company's stock worth $578,000 after purchasing an additional 1,951 shares during the last quarter. It has a 20.12 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.
The stock increased 1.21% or $1.45 during the last trading session, reaching $121.76. About 1.00M shares traded. LLC increased its position in shares of Red Hat by 0.7% in the fourth quarter. It has outperformed by 2.27% the S&P500.The move comes after 7 months positive chart setup for the $21.55B company.
Investors sentiment increased to 0.87 in 2017 Q2. Its down 0.04, from 1.88 in 2017Q1.
Several institutional investors have recently modified their holdings of RHT. 80 funds opened positions while 258 raised stakes. Horizon Kinetics Ltd Limited Liability Company owns 29,430 shares. Point72 Asset LP reported 26,600 shares stake. 199.13 million shares or 0.41% less from 199.95 million shares in 2017Q1 were reported. Da Davidson Company holds 0% in ViaSat, Inc. (NYSE:RHT). Hills Natl Bank & holds 0.41% or 13,209 shares. M Secs holds 0.11% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 2,557 shares. Microsoft Corp (NASDAQ:MSFT) was reduced too. (NYSE:RHT). Barbara Oil holds 11,000 shares or 0.76% of its portfolio. Trexquant Inv Limited Partnership invested in 19,700 shares. Deprince Race & Zollo Inc, a Florida-based fund reported 466,574 shares.
Among 12 analysts covering ViaSat (NASDAQ:VSAT), 5 have Buy rating, 3 Sell and 4 Hold. The stock of ViaSat, Inc. The company now has a consensus rating of "Buy" and an average price target of $111.86. (NYSE:RHT) has "Hold" rating given on Monday, August 14 by BMO Capital Markets. The firm has "Outperform" rating by Raymond James given on Tuesday, February 7. Avondale downgraded Norfolk Southern Corporation (NYSE:NSC) on Wednesday, October 12 to "Underperform" rating. The company was upgraded on Tuesday, January 31 by Wells Fargo. RBC Capital Markets maintained it with "Sell" rating and $5000 target in Friday, May 26 report.
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Twenty-three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. A number of hedge funds and other institutional investors have recently made changes to their positions in the business.