Red Hat Inc (RHT) Shares Sold by Invictus RG

Invictus RG lowered its position in Red Hat Inc (NYSE:RHT) by 28.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,758 shares of the open-source software company’s stock after selling 1,515 shares during the period. Invictus RG’s holdings in Red Hat were worth $417,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Red Hat during the second quarter valued at approximately $122,000. NGAM Advisors L.P. increased its position in shares of Red Hat by 8.0% during the second quarter. NGAM Advisors L.P. now owns 47,453 shares of the open-source software company’s stock valued at $4,544,000 after acquiring an additional 3,505 shares during the last quarter. Korea Investment CORP increased its position in shares of Red Hat by 21.2% during the second quarter. Korea Investment CORP now owns 65,568 shares of the open-source software company’s stock valued at $6,278,000 after acquiring an additional 11,473 shares during the last quarter. Davis R M Inc. increased its position in shares of Red Hat by 3.1% during the second quarter. Davis R M Inc. now owns 401,167 shares of the open-source software company’s stock valued at $38,412,000 after acquiring an additional 12,106 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Red Hat by 1.6% during the second quarter. TD Asset Management Inc. now owns 347,114 shares of the open-source software company’s stock valued at $33,236,000 after acquiring an additional 5,545 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

In other Red Hat news, insider Michael A. Kelly sold 2,888 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $121.03, for a total transaction of $349,534.64. Following the transaction, the insider now owns 8,751 shares in the company, valued at approximately $1,059,133.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James M. Whitehurst sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $111.15, for a total value of $1,333,800.00. Following the transaction, the chief executive officer now owns 392,979 shares in the company, valued at approximately $43,679,615.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,172 shares of company stock worth $3,926,377. 0.66% of the stock is owned by company insiders.

Shares of Red Hat Inc (NYSE:RHT) traded up $0.93 during trading hours on Tuesday, reaching $121.24. The company had a trading volume of 993,504 shares, compared to its average volume of 1,656,303. Red Hat Inc has a 52 week low of $68.54 and a 52 week high of $129.61. The stock has a market cap of $22,332.36, a P/E ratio of 68.82, a PEG ratio of 3.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30.

Red Hat (NYSE:RHT) last announced its quarterly earnings results on Monday, September 25th. The open-source software company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Red Hat had a return on equity of 25.27% and a net margin of 11.49%. The company had revenue of $723.60 million for the quarter, compared to the consensus estimate of $699.56 million. During the same quarter in the previous year, the business earned $0.55 EPS. Red Hat’s revenue was up 20.6% compared to the same quarter last year. equities research analysts anticipate that Red Hat Inc will post 2 earnings per share for the current fiscal year.

A number of research firms have issued reports on RHT. Deutsche Bank reissued a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of Red Hat in a research report on Tuesday, September 26th. KeyCorp reissued an “overweight” rating and issued a $135.00 target price (up from $125.00) on shares of Red Hat in a research report on Monday. Zacks Investment Research raised Red Hat from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Tuesday. Wells Fargo & Company reissued an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Red Hat in a research report on Tuesday, September 19th. Finally, Robert W. Baird reissued a “hold” rating on shares of Red Hat in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $111.86.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/12/05/red-hat-inc-rht-shares-sold-by-invictus-rg.html.

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.

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

What are top analysts saying about Red Hat Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Red Hat Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit