Dimensional Fund Advisors LP Raises Holdings in Red Hat Inc (RHT)

Dimensional Fund Advisors LP grew its holdings in shares of Red Hat Inc (NYSE:RHT) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 473,429 shares of the open-source software company’s stock after purchasing an additional 10,823 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Red Hat were worth $83,153,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RHT. Proficio Capital Partners LLC lifted its holdings in shares of Red Hat by 20.9% in the fourth quarter. Proficio Capital Partners LLC now owns 336 shares of the open-source software company’s stock worth $59,000 after buying an additional 58 shares in the last quarter. Camden National Bank lifted its holdings in shares of Red Hat by 3.0% in the fourth quarter. Camden National Bank now owns 2,040 shares of the open-source software company’s stock worth $358,000 after buying an additional 60 shares in the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of Red Hat by 1.9% in the fourth quarter. Enterprise Financial Services Corp now owns 3,209 shares of the open-source software company’s stock worth $564,000 after buying an additional 61 shares in the last quarter. Reilly Financial Advisors LLC lifted its holdings in shares of Red Hat by 40.8% in the fourth quarter. Reilly Financial Advisors LLC now owns 276 shares of the open-source software company’s stock worth $48,000 after buying an additional 80 shares in the last quarter. Finally, Securian Asset Management Inc lifted its holdings in shares of Red Hat by 0.5% in the fourth quarter. Securian Asset Management Inc now owns 18,321 shares of the open-source software company’s stock worth $3,218,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Separately, ValuEngine downgraded shares of Red Hat from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $168.33.

Shares of RHT opened at $185.51 on Monday. The company has a market capitalization of $32.98 billion, a P/E ratio of 66.49, a P/E/G ratio of 4.07 and a beta of 0.52. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.14. Red Hat Inc has a 1-year low of $115.31 and a 1-year high of $185.58.

Red Hat (NYSE:RHT) last announced its earnings results on Monday, March 25th. The open-source software company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $879.00 million for the quarter, compared to the consensus estimate of $885.64 million. Red Hat had a net margin of 12.91% and a return on equity of 35.35%. Red Hat’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. On average, analysts anticipate that Red Hat Inc will post 3.04 EPS for the current fiscal year.

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Red Hat 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.

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

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