Great West Life Assurance Co. Can Has $12.07 Million Position in Red Hat, Inc. (RHT)

Great West Life Assurance Co. Can decreased its stake in shares of Red Hat, Inc. (NYSE:RHT) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 126,204 shares of the open-source software company’s stock after selling 1,709 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of Red Hat worth $12,072,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Red Hat by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,147,907 shares of the open-source software company’s stock valued at $1,483,294,000 after buying an additional 399,260 shares during the period. FMR LLC boosted its position in Red Hat by 3.3% in the first quarter. FMR LLC now owns 10,079,689 shares of the open-source software company’s stock valued at $871,894,000 after buying an additional 317,464 shares during the period. Sustainable Growth Advisers LP boosted its position in Red Hat by 3.8% in the first quarter. Sustainable Growth Advisers LP now owns 2,425,693 shares of the open-source software company’s stock valued at $209,823,000 after buying an additional 88,232 shares during the period. DF Dent & Co. Inc. boosted its position in Red Hat by 2.7% in the first quarter. DF Dent & Co. Inc. now owns 1,803,495 shares of the open-source software company’s stock valued at $156,002,000 after buying an additional 47,219 shares during the period. Finally, Geode Capital Management LLC boosted its position in Red Hat by 8.8% in the first quarter. Geode Capital Management LLC now owns 1,681,066 shares of the open-source software company’s stock valued at $145,198,000 after buying an additional 135,533 shares during the period. 93.23% of the stock is currently owned by institutional investors.

Red Hat, Inc. (NYSE RHT) traded down 0.23% during mid-day trading on Friday, hitting $100.43. The stock had a trading volume of 1,708,865 shares. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 68.79 and a beta of 1.26. Red Hat, Inc. has a one year low of $68.54 and a one year high of $101.82. The stock’s 50 day moving average price is $98.41 and its 200 day moving average price is $89.27.

Red Hat (NYSE:RHT) last announced its quarterly earnings data on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The firm had revenue of $677 million during the quarter, compared to analysts’ expectations of $647.42 million. Red Hat had a return on equity of 22.84% and a net margin of 10.54%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. Analysts forecast that Red Hat, Inc. will post $2.68 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This story was published by BNB Daily and is the property of of BNB Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/19/great-west-life-assurance-co-can-reduces-stake-in-red-hat-inc-rht-updated.html.

Several equities analysts have weighed in on RHT shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $96.00) on shares of Red Hat in a research note on Thursday, June 22nd. Piper Jaffray Companies started coverage on Red Hat in a research note on Friday, June 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Zacks Investment Research cut Red Hat from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. MKM Partners reaffirmed a “neutral” rating and set a $98.00 target price (up previously from $82.00) on shares of Red Hat in a research note on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on Red Hat from $85.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $98.72.

In other Red Hat news, CEO James M. Whitehurst sold 12,000 shares of Red Hat stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $95.70, for a total value of $1,148,400.00. Following the completion of the transaction, the chief executive officer now directly owns 422,873 shares of the company’s stock, valued at approximately $40,468,946.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James M. Whitehurst sold 9,122 shares of Red Hat stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $98.02, for a total value of $894,138.44. Following the completion of the transaction, the chief executive officer now directly owns 414,101 shares of the company’s stock, valued at $40,590,180.02. The disclosure for this sale can be found here. Insiders sold a total of 130,549 shares of company stock valued at $12,133,438 over the last ninety days. Insiders own 0.66% of the company’s stock.

About Red Hat

Red Hat, Inc (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.

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

Receive News & Ratings for Red Hat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply