105,725 Shares in Red Hat, Inc. (RHT) Purchased by Decatur Capital Management Inc.

Decatur Capital Management Inc. acquired a new stake in Red Hat, Inc. (NYSE:RHT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 105,725 shares of the open-source software company’s stock, valued at approximately $11,721,000. Red Hat comprises about 2.2% of Decatur Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Decatur Capital Management Inc. owned about 0.06% of Red Hat at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. D.A. Davidson & CO. lifted its stake in Red Hat by 6.8% in the 2nd 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 during the last quarter. Nordea Investment Management AB lifted its stake in Red Hat by 1.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,011 shares of the open-source software company’s stock valued at $671,000 after purchasing an additional 92 shares during the last quarter. Gyroscope Capital Management Group LLC lifted its stake in Red Hat by 4.0% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 2,429 shares of the open-source software company’s stock valued at $233,000 after purchasing an additional 93 shares during the last quarter. RB Capital Management LLC lifted its stake in Red Hat by 2.6% in the 2nd quarter. RB Capital Management LLC now owns 3,875 shares of the open-source software company’s stock valued at $371,000 after purchasing an additional 100 shares during the last quarter. Finally, Outfitter Advisors LTD. lifted its stake in Red Hat by 0.9% in the 2nd quarter. Outfitter Advisors LTD. now owns 11,120 shares of the open-source software company’s stock valued at $1,065,000 after purchasing an additional 100 shares during the last quarter. 94.79% of the stock is owned by institutional investors and hedge funds.

Red Hat (NYSE:RHT) last released its earnings results on Monday, September 25th. The open-source software company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $723.60 million for the quarter, compared to the consensus estimate of $699.56 million. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. The company’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS.

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In other news, insider Michael A. Kelly sold 2,888 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $121.03, for a total value of $349,534.64. Following the sale, the insider now directly owns 8,751 shares of the company’s stock, valued at approximately $1,059,133.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William S. Kaiser sold 14,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $114.79, for a total transaction of $1,607,060.00. The disclosure for this sale can be found here. Insiders sold a total of 34,172 shares of company stock worth $3,926,377 over the last ninety days. Insiders own 0.66% of the company’s stock.

Several equities analysts recently commented on RHT shares. Zacks Investment Research downgraded shares of Red Hat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Credit Suisse Group initiated coverage on shares of Red Hat in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $111.00 price objective for the company. Piper Jaffray Companies restated a “hold” rating and issued a $100.00 price target on shares of Red Hat in a research report on Sunday, August 27th. KeyCorp restated an “overweight” rating and issued a $121.00 price target on shares of Red Hat in a research report on Friday, September 8th. Finally, Royal Bank Of Canada upped their price target on shares of Red Hat from $106.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $110.93.

Red Hat 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.

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

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