Red Hat, Inc. (RHT) Position Maintained by Nicholas Company Inc.

Nicholas Company Inc. held its position in Red Hat, Inc. (NYSE:RHT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,585 shares of the open-source software company’s stock at the end of the 2nd quarter. Nicholas Company Inc. owned about 0.06% of Red Hat worth $10,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Profund Advisors LLC increased its stake in Red Hat by 12.9% in the 1st quarter. Profund Advisors LLC now owns 5,113 shares of the open-source software company’s stock valued at $442,000 after buying an additional 586 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Red Hat by 64,378.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 14,830 shares of the open-source software company’s stock valued at $1,283,000 after buying an additional 14,807 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Red Hat by 139.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,441 shares of the open-source software company’s stock valued at $1,121,000 after buying an additional 7,249 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in Red Hat by 14.5% in the 1st quarter. Meadow Creek Investment Management LLC now owns 6,860 shares of the open-source software company’s stock valued at $593,000 after buying an additional 868 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Red Hat by 4.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 25,799 shares of the open-source software company’s stock valued at $2,232,000 after buying an additional 1,141 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Shares of Red Hat, Inc. (NYSE:RHT) traded down 0.41% during mid-day trading on Friday, reaching $107.30. 1,208,885 shares of the company’s stock were exchanged. The company has a market capitalization of $19.04 billion, a PE ratio of 73.49 and a beta of 1.24. Red Hat, Inc. has a one year low of $68.54 and a one year high of $108.13. The company’s 50-day moving average price is $102.94 and its 200-day moving average price is $92.77.

Red Hat (NYSE:RHT) last posted its earnings results on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $677.00 million during the quarter, compared to analyst estimates of $647.42 million. Red Hat had a net margin of 10.54% and a return on equity of 22.84%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. On average, equities analysts expect that Red Hat, Inc. will post $2.69 earnings per share for the current year.

RHT has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Red Hat in a research note on Wednesday, May 24th. They issued a “market perform” rating and a $102.00 price objective for the company. Stifel Nicolaus upgraded shares of Red Hat from a “hold” rating to a “buy” rating and increased their price objective for the company from $83.00 to $115.00 in a research note on Wednesday, June 21st. BMO Capital Markets increased their price objective on shares of Red Hat from $90.00 to $107.00 and gave the company a “market perform” rating in a research note on Wednesday, June 21st. Robert W. Baird increased their price objective on shares of Red Hat from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, June 21st. Finally, Pacific Crest decreased their price objective on shares of Red Hat from $115.00 to $97.00 and set an “overweight” rating for the company in a research note on Wednesday, June 21st. Eleven research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $100.71.

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In related news, EVP Delisa Alexander sold 2,444 shares of Red Hat stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $98.25, for a total value of $240,123.00. Following the sale, the executive vice president now owns 41,570 shares of the company’s stock, valued at approximately $4,084,252.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Ryan Shander sold 1,521 shares of Red Hat stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $99.98, for a total transaction of $152,069.58. Following the completion of the sale, the chief financial officer now directly owns 9,913 shares in the company, valued at approximately $991,101.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,087 shares of company stock valued at $4,265,012. 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)

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