Mitsubishi UFJ Trust & Banking Corp Sells 2,919 Shares of Red Hat Inc (RHT)

Mitsubishi UFJ Trust & Banking Corp lowered its position in Red Hat Inc (NYSE:RHT) by 0.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 365,318 shares of the open-source software company’s stock after selling 2,919 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Red Hat were worth $31,600,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC boosted its position in shares of Red Hat by 5.3% in the third quarter. Hsbc Holdings PLC now owns 73,679 shares of the open-source software company’s stock worth $5,955,000 after buying an additional 3,716 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Red Hat by 5.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 263,800 shares of the open-source software company’s stock worth $21,323,000 after buying an additional 12,700 shares during the period. AMP Capital Investors Ltd boosted its position in shares of Red Hat by 1.3% in the third quarter. AMP Capital Investors Ltd now owns 69,352 shares of the open-source software company’s stock worth $5,559,000 after buying an additional 900 shares during the period. Zacks Investment Management boosted its position in shares of Red Hat by 1.4% in the third quarter. Zacks Investment Management now owns 88,857 shares of the open-source software company’s stock worth $7,182,000 after buying an additional 1,215 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Red Hat by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 20,230 shares of the open-source software company’s stock worth $1,635,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

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

Shares of Red Hat Inc (NYSE:RHT) traded up 0.77% on Friday, hitting $86.18. The stock had a trading volume of 1,220,724 shares. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 62.00 and a beta of 1.44. Red Hat Inc has a 52 week low of $68.54 and a 52 week high of $90.01. The company has a 50-day moving average of $87.07 and a 200 day moving average of $80.50.

Red Hat (NYSE:RHT) last released its quarterly earnings data on Monday, March 27th. The open-source software company reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. Red Hat had a net margin of 10.36% and a return on equity of 20.57%. The business had revenue of $628.80 million during the quarter, compared to the consensus estimate of $618.64 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue was up 15.7% on a year-over-year basis. On average, equities research analysts predict that Red Hat Inc will post $2.60 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Mitsubishi UFJ Trust & Banking Corp Sells 2,919 Shares of Red Hat Inc (RHT)” was first posted by Mideast Time and is the sole property of of Mideast Time. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.mideasttime.com/mitsubishi-ufj-trust-banking-corp-sells-2919-shares-of-red-hat-inc-rht/1708248.html.

A number of brokerages have issued reports on RHT. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $96.00 target price (up previously from $94.00) on shares of Red Hat in a report on Wednesday, May 10th. Zacks Investment Research raised Red Hat from a “hold” rating to a “strong-buy” rating and set a $101.00 price target on the stock in a research report on Tuesday, May 2nd. CIBC reaffirmed a “buy” rating and set a $94.00 price target on shares of Red Hat in a research report on Wednesday, March 29th. MKM Partners reaffirmed a “neutral” rating and set a $82.00 price target (up previously from $75.00) on shares of Red Hat in a research report on Thursday, March 30th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $90.00 price target on shares of Red Hat in a research report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $91.13.

In other news, EVP Michael Cunningham sold 9,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $86.39, for a total transaction of $777,510.00. Following the sale, the executive vice president now directly owns 26,651 shares in the company, valued at approximately $2,302,379.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James M. Whitehurst sold 5,099 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $83.69, for a total transaction of $426,735.31. Following the sale, the chief executive officer now owns 429,072 shares in the company, valued at $35,909,035.68. The disclosure for this sale can be found here. Insiders have sold a total of 219,973 shares of company stock valued at $19,154,802 in the last three months. Insiders own 0.76% of the company’s stock.

Red Hat Company 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.

5 Day Chart for NYSE:RHT

Want to see what other hedge funds are holding RHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Hat Inc (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.



Leave a Reply

 
© 2006-2017 Mideast Time.