HWG Holdings LP Invests $285,000 in Red Hat Inc (RHT)

HWG Holdings LP bought a new position in shares of Red Hat Inc (NYSE:RHT) in the fourth quarter, Holdings Channel reports. The firm bought 2,374 shares of the open-source software company’s stock, valued at approximately $285,000.

Other large investors have also recently modified their holdings of the company. DAVENPORT & Co LLC acquired a new position in Red Hat during the 4th quarter worth approximately $234,000. Creative Planning lifted its position in Red Hat by 31.3% during the 4th quarter. Creative Planning now owns 8,205 shares of the open-source software company’s stock worth $985,000 after acquiring an additional 1,954 shares in the last quarter. Bank of Montreal Can lifted its position in Red Hat by 93.9% during the 4th quarter. Bank of Montreal Can now owns 1,242,177 shares of the open-source software company’s stock worth $149,187,000 after acquiring an additional 601,622 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in Red Hat by 3.1% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 30,175 shares of the open-source software company’s stock worth $3,624,000 after acquiring an additional 915 shares in the last quarter. Finally, Gofen & Glossberg LLC IL lifted its position in Red Hat by 4.0% during the 4th quarter. Gofen & Glossberg LLC IL now owns 41,742 shares of the open-source software company’s stock worth $5,013,000 after acquiring an additional 1,595 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

Shares of Red Hat Inc (NYSE:RHT) traded down $1.36 on Wednesday, hitting $124.59. The company’s stock had a trading volume of 1,289,100 shares, compared to its average volume of 1,615,230. Red Hat Inc has a one year low of $72.60 and a one year high of $130.93. The firm has a market cap of $22,400.00, a price-to-earnings ratio of 67.71, a price-to-earnings-growth ratio of 3.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.37 and a current ratio of 1.37.

Red Hat (NYSE:RHT) last announced its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. The company had revenue of $747.98 million for the quarter, compared to analyst estimates of $734.69 million. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. Red Hat’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. analysts anticipate that Red Hat Inc will post 2.08 earnings per share for the current year.

Several research firms recently commented on RHT. Robert W. Baird reissued a “hold” rating on shares of Red Hat in a research report on Wednesday, December 20th. BMO Capital Markets boosted their price target on Red Hat from $128.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 20th. BTIG Research boosted their price target on Red Hat from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Wells Fargo & Co set a $144.00 price target on Red Hat and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $120.00 price target (up from $113.00) on shares of Red Hat in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Red Hat currently has a consensus rating of “Buy” and a consensus price target of $124.25.

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Red Hat Company 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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