The institutional investor held 1.10 million shares of the technology company at the end of 2017Q2, valued at $105.58 million, down from 1.22 million at the end of the previous reported quarter. During the same quarter last year, the business earned $0.55 EPS. analysts predict that Red Hat Inc will post 2 EPS for the current year. The stock increased 1.74% or $2.39 during the last trading session, reaching $139.89. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. 285.20 million shares or 2.71% less from 293.14 million shares in 2017Q1 were reported. BMO Capital Markets maintained Red Hat, Inc. Old Mutual Global Investors UK Ltd. now owns 713,216 shares of the open-source software company's stock worth $57,649,000 after buying an additional 390,192 shares during the period.
Several equities research analysts have recently weighed in on RHT shares. Sustainable Growth Advisers Lp who had been investing in Red Hat Inc for a number of months, seems to be less bullish one the $21.42 billion market cap company. About 34,210 shares traded.
The average 1-year price target for Red Hat, Inc. It has underperformed by 16.70% the S&P500. (NYSE:RHT). Gateway Invest Advisers Lc holds 0.01% or 11,424 shares. The stock of Red Hat, Inc. (NYSE:RHT) on Friday, August 25 with "Buy" rating. As per Friday, July 28, the company rating was maintained by Jefferies. The rating was maintained by Barclays Capital on Tuesday, September 26 with "Overweight". The company was maintained on Friday, July 24 by Piper Jaffray. (NYSE:RHT) rating on Monday, March 7. On Tuesday, September 26 the stock rating was maintained by Credit Suisse with "Neutral". SunTrust maintained it with "Buy" rating and $54.0 target in Tuesday, November 28 report. The stock has "Hold" rating by Stifel Nicolaus on Thursday, December 22. The company was maintained on Thursday, June 22 by Deutsche Bank.
Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 1 Sell and 8 Hold. Meiji Yasuda Asset Mgmt owns 2,374 shares. It also increased its holding in Liberty Media Corp Delaware by 856,105 shares in the quarter, for a total of 1.70 million shares, and has risen its stake in Broadcom Ltd.
The institutional investor owned 4,934 shares of the open-source software company's stock after acquiring an additional 1,655 shares during the period. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30.
ETRADE Capital Management LLC lifted its holdings in shares of Red Hat Inc (NYSE:RHT) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). Alyeska Investment Group L.P. now owns 248,925 shares of the open-source software company's stock worth $17,350,000 after buying an additional 77,249 shares during the period. 157.87 million shares or 0.26% more from 157.46 million shares in 2017Q1 were reported. 403.41 million shares or 1.48% less from 409.46 million shares in 2017Q1 were reported. Minerva Advisors Llc owns 84,755 shares or 0.52% of their United States portfolio. During the last 52 weeks, the (NYSE:RHT) price has been as high as $129.61 and as low as $68.54. After $0.58 actual earnings per share reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -13.79 % negative EPS growth.
Skba Capital Management Llc increased Mosaic Co New (MOS) stake by 9.55% reported in 2017Q2 SEC filing. Fortaleza Asset Management Inc holds 0.78% or 4,295 shares. Northern Tru holds 3.79 million shares. Citadel Ltd Limited Liability Company reported 171,864 shares or 0.01% of all its holdings. New Mexico Educational Retirement Board invested in 0.01% or 336 shares. (NASDAQ:AMZN). Blackhill Capital Inc holds 0.01% or 80 shares. Gradient Invs Ltd Llc invested in 4,905 shares. 15,107 are held by 1St Source Savings Bank. Red Hat, Inc. (NYSE:RHT), at its latest closing price of $120.87, it has a price-to-book ratio of 15.20, compared to an industry average at 6.59. State Of Alaska Department Of Revenue owns 15,640 shares or 0.02% of their U.S. portfolio. Investors who are keeping close eye on the stock of TripAdvisor, Inc. (NYSE:RHT) news were published by: "Businesswire.com which released: "Orange and Red Hat Join Forces to Spearhead Network Virtualization Innovation" on November 07, 2017, also Businesswire.com published article titled: "Red Hat Helps Power Big Data's Future with SAP® Voraâ"¢ on Red Hat OpenShift ...", Businesswire.com published: "Latest Version of Red Hat OpenShift Container Platform Joins Infrastructure ..." on November 16, 2017. Oppenheimer & Co. Inc. raised its stake in Red Hat by 4.0% in the 3rd quarter.
Looking forward, the company's quarterly earnings are expected to come at -$0.06 in the three months through December 2017 and -$0.07 in the quarter ending March 2018, reflecting -60% and -61.11% growth, respectively. However, -0.56% over the last one month, 12.64% for the last quarter and year to date performance stands at 72.61%. Finally, Mizuho reissued a "buy" rating and issued a $125.00 target price (up previously from $109.00) on shares of Red Hat in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have given a buy rating to the company's stock. Therefore 18% are positive. BB&T Corp had 76 analyst reports since July 17, 2015 according to SRatingsIntel. The rating was maintained by BTIG Research on Wednesday, June 21 with "Buy". The rating was maintained by Topeka Capital Markets on Wednesday, November 25 with "Hold". On Tuesday, December 20 the stock rating was initiated by Susquehanna with "Positive". On Thursday, April 7 the stock rating was downgraded by Raymond James to "Outperform". Northland Capital maintained Red Hat, Inc. The stock has "Buy" rating by UBS on Thursday, September 22. The firm has "Neutral" rating given on Friday, December 18 by Robert W. Baird. It also increased its holding in Treehouse Foods Inc.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.