Red Hat Inc (NYSE:RHT) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in Red Hat Inc (NYSE:RHT) by 111.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,385 shares of the open-source software company’s stock after purchasing an additional 4,424 shares during the quarter. GSA Capital Partners LLP’s holdings in Red Hat were worth $1,574,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RHT. Advisory Alpha LLC acquired a new stake in shares of Red Hat in the 1st quarter valued at about $32,000. Glassman Wealth Services grew its position in shares of Red Hat by 58.0% during the 1st quarter. Glassman Wealth Services now owns 207 shares of the open-source software company’s stock valued at $38,000 after buying an additional 76 shares during the last quarter. Cornerstone Advisors Inc. grew its position in shares of Red Hat by 26.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 297 shares of the open-source software company’s stock valued at $54,000 after buying an additional 62 shares during the last quarter. Trustcore Financial Services LLC bought a new stake in shares of Red Hat during the 1st quarter valued at about $73,000. Finally, Smithfield Trust Co. grew its position in shares of Red Hat by 19.3% during the 1st quarter. Smithfield Trust Co. now owns 617 shares of the open-source software company’s stock valued at $113,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

NYSE RHT remained flat at $$187.71 on Friday. 999,351 shares of the company’s stock traded hands, compared to its average volume of 1,591,676. Red Hat Inc has a 1 year low of $115.31 and a 1 year high of $189.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $33.43 billion, a PE ratio of 67.28, a price-to-earnings-growth ratio of 3.98 and a beta of 0.45. The firm’s 50 day simple moving average is $187.71 and its 200-day simple moving average is $184.53.

Red Hat (NYSE:RHT) last posted its earnings results on Thursday, June 20th. The open-source software company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. Red Hat had a net margin of 13.26% and a return on equity of 36.67%. The firm had revenue of $934.10 million during the quarter, compared to analysts’ expectations of $931.58 million. During the same quarter in the prior year, the firm earned $0.72 EPS. Red Hat’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts predict that Red Hat Inc will post 3.14 EPS for the current year.

A number of equities research analysts recently weighed in on RHT shares. William Blair downgraded shares of Red Hat from an “outperform” rating to a “market perform” rating and set a $188.30 price objective for the company. in a research report on Friday, June 21st. Robert W. Baird reaffirmed a “not rated” rating on shares of Red Hat in a research report on Thursday, July 11th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Red Hat presently has an average rating of “Hold” and a consensus price target of $179.37.

Red Hat Company Profile

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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