Red Hat Inc (RHT) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in Red Hat Inc (NYSE:RHT) by 0.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 341,950 shares of the open-source software company’s stock after acquiring an additional 1,450 shares during the quarter. New York State Common Retirement Fund’s holdings in Red Hat were worth $62,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in RHT. Athena Capital Advisors LLC purchased a new stake in shares of Red Hat during the 4th quarter worth $27,000. Berman Capital Advisors LLC purchased a new stake in shares of Red Hat during the 4th quarter worth $27,000. Liberty Wealth Management LLC purchased a new stake in shares of Red Hat during the 4th quarter worth $30,000. Lindbrook Capital LLC purchased a new stake in shares of Red Hat during the 4th quarter worth $47,000. Finally, Reilly Financial Advisors LLC lifted its stake in shares of Red Hat by 40.8% during the 4th quarter. Reilly Financial Advisors LLC now owns 276 shares of the open-source software company’s stock worth $48,000 after purchasing an additional 80 shares during the last quarter. 93.92% of the stock is currently owned by institutional investors.

Red Hat stock opened at $186.20 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.27 and a quick ratio of 1.27. Red Hat Inc has a one year low of $115.31 and a one year high of $186.30. The stock has a market capitalization of $33.09 billion, a price-to-earnings ratio of 66.74, a price-to-earnings-growth ratio of 4.09 and a beta of 0.52.

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

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

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About Red Hat

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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