Exxonmobil Investment Management Inc. TX Sells 4,272 Shares of Red Hat Inc (RHT)

Exxonmobil Investment Management Inc. TX reduced its holdings in Red Hat Inc (NYSE:RHT) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,135 shares of the open-source software company’s stock after selling 4,272 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Red Hat were worth $3,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tredje AP fonden acquired a new position in Red Hat in the 3rd quarter valued at approximately $345,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Red Hat by 9.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,432 shares of the open-source software company’s stock valued at $1,600,000 after acquiring an additional 1,224 shares during the period. State of Wisconsin Investment Board increased its position in Red Hat by 22.4% in the 3rd quarter. State of Wisconsin Investment Board now owns 264,085 shares of the open-source software company’s stock valued at $29,276,000 after acquiring an additional 48,339 shares during the period. Great West Life Assurance Co. Can increased its position in Red Hat by 38.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 174,899 shares of the open-source software company’s stock valued at $19,201,000 after acquiring an additional 48,695 shares during the period. Finally, American Century Companies Inc. increased its position in Red Hat by 6,697.1% in the 3rd quarter. American Century Companies Inc. now owns 953,634 shares of the open-source software company’s stock valued at $105,720,000 after acquiring an additional 939,604 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

In other Red Hat news, EVP Delisa Alexander sold 1,073 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $120.36, for a total value of $129,146.28. Following the transaction, the executive vice president now directly owns 38,150 shares of the company’s stock, valued at $4,591,734. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James M. Whitehurst sold 4,211 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $120.36, for a total transaction of $506,835.96. Following the completion of the transaction, the chief executive officer now directly owns 380,158 shares in the company, valued at $45,755,816.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,172 shares of company stock worth $985,517. 0.66% of the stock is owned by insiders.

Several brokerages have issued reports on RHT. Robert W. Baird restated a “hold” rating on shares of Red Hat in a research report on Tuesday, September 26th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Red Hat in a research note on Wednesday, September 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $117.00 price objective (up from $110.00) on shares of Red Hat in a research note on Tuesday, September 26th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $128.00 price objective (up from $107.00) on shares of Red Hat in a research note on Tuesday, September 26th. Finally, Barclays upped their price objective on shares of Red Hat from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $124.25.

Red Hat Inc (NYSE RHT) opened at $125.95 on Friday. The stock has a market cap of $22,330.86, a price-to-earnings ratio of 65.03, a P/E/G ratio of 3.85 and a beta of 1.20. Red Hat Inc has a 12 month low of $71.50 and a 12 month high of $130.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.30 and a current ratio of 1.37.

Red Hat (NYSE:RHT) last issued its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The business had revenue of $747.98 million for the quarter, compared to analyst estimates of $734.69 million. Red Hat had a net margin of 12.14% and a return on equity of 26.23%. Red Hat’s revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. analysts predict that Red Hat Inc will post 2.08 EPS for the current year.

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Red Hat Profile

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.

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

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