Columbus Circle Investors Purchases New Position in Red Hat Software (RHT)

Columbus Circle Investors purchased a new position in shares of Red Hat Software (NYSE:RHT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 218,988 shares of the open-source software company’s stock, valued at approximately $32,741,000. Columbus Circle Investors owned 0.12% of Red Hat Software as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in shares of Red Hat Software by 39.3% in the first quarter. Teacher Retirement System of Texas now owns 162,154 shares of the open-source software company’s stock valued at $24,244,000 after acquiring an additional 45,763 shares during the last quarter. WESPAC Advisors LLC bought a new position in shares of Red Hat Software in the first quarter valued at approximately $807,000. Penserra Capital Management LLC raised its stake in shares of Red Hat Software by 1.5% in the first quarter. Penserra Capital Management LLC now owns 26,490 shares of the open-source software company’s stock valued at $3,959,000 after acquiring an additional 387 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of Red Hat Software by 45.3% in the first quarter. Tyers Asset Management LLC now owns 19,824 shares of the open-source software company’s stock valued at $2,964,000 after acquiring an additional 6,176 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Red Hat Software by 30.1% in the first quarter. US Bancorp DE now owns 166,503 shares of the open-source software company’s stock valued at $24,894,000 after acquiring an additional 38,538 shares during the last quarter. Hedge funds and other institutional investors own 94.41% of the company’s stock.

A number of research firms have recently issued reports on RHT. BMO Capital Markets reiterated a “hold” rating and issued a $180.00 target price on shares of Red Hat Software in a research note on Tuesday, March 27th. Stifel Nicolaus lifted their target price on shares of Red Hat Software from $150.00 to $172.00 and gave the company a “buy” rating in a research note on Tuesday, March 27th. Oppenheimer lifted their target price on shares of Red Hat Software from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 27th. Monness Crespi & Hardt began coverage on shares of Red Hat Software in a research note on Wednesday, April 11th. They issued a “buy” rating and a $175.00 target price for the company. Finally, Deutsche Bank lifted their target price on shares of Red Hat Software from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $156.76.

In other news, CEO James M. Whitehurst sold 20,529 shares of Red Hat Software stock in a transaction on Monday, April 30th. The shares were sold at an average price of $164.23, for a total transaction of $3,371,477.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Delisa Alexander sold 10,844 shares of Red Hat Software stock in a transaction on Friday, April 27th. The stock was sold at an average price of $164.00, for a total transaction of $1,778,416.00. Following the transaction, the executive vice president now directly owns 42,629 shares in the company, valued at $6,991,156. The disclosure for this sale can be found here. Insiders have sold a total of 107,376 shares of company stock valued at $17,167,724 in the last ninety days. Company insiders own 0.66% of the company’s stock.

RHT opened at $161.08 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.36 and a quick ratio of 1.36. Red Hat Software has a 52 week low of $161.17 and a 52 week high of $164.15. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 70.03, a price-to-earnings-growth ratio of 4.06 and a beta of 1.07.

Red Hat Software (NYSE:RHT) last released its earnings results on Monday, March 26th. The open-source software company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. Red Hat Software had a net margin of 8.86% and a return on equity of 29.36%. The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $761.87 million. During the same quarter in the previous year, the business earned $0.61 EPS. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. equities analysts expect that Red Hat Software will post 2.52 EPS for the current year.

Red Hat Software Company Profile

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. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications.

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

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