Checchi Capital Advisers LLC Purchases 122 Shares of Red Hat Inc (RHT)

Checchi Capital Advisers LLC raised its position in Red Hat Inc (NYSE:RHT) by 6.1% during the first quarter, HoldingsChannel reports. The firm owned 2,127 shares of the open-source software company’s stock after buying an additional 122 shares during the period. Checchi Capital Advisers LLC’s holdings in Red Hat were worth $389,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Athena Capital Advisors LLC purchased a new position in shares of Red Hat during the 4th quarter worth about $27,000. Berman Capital Advisors LLC purchased a new position in shares of Red Hat during the 4th quarter worth about $27,000. Liberty Wealth Management LLC purchased a new position in shares of Red Hat during the 4th quarter worth about $30,000. Lindbrook Capital LLC purchased a new position in shares of Red Hat during the 4th quarter worth about $47,000. Finally, Reilly Financial Advisors LLC lifted its holdings 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 acquiring an additional 80 shares during the period. Institutional investors own 93.92% of the company’s stock.

Shares of RHT opened at $186.01 on Friday. Red Hat Inc has a 12-month low of $115.31 and a 12-month high of $186.30. The firm has a market cap of $33.10 billion, a P/E ratio of 66.67, a PEG ratio of 4.09 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 (NYSE:RHT) last announced its quarterly earnings data on Monday, March 25th. The open-source software company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.15. Red Hat had a return on equity of 35.35% and a net margin of 12.91%. The firm had revenue of $879.00 million for 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 for the quarter was up 13.8% on a year-over-year basis. As a group, analysts predict that Red Hat Inc will post 3.04 EPS for the current fiscal year.

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