Gideon Capital Advisors Inc. Invests $314,000 in Red Hat Inc (RHT) Stock

Gideon Capital Advisors Inc. acquired a new position in shares of Red Hat Inc (NYSE:RHT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,786 shares of the open-source software company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Red Hat by 0.6% in the third quarter. Vanguard Group Inc. now owns 18,703,926 shares of the open-source software company’s stock valued at $2,548,970,000 after acquiring an additional 103,057 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Red Hat by 0.6% in the third quarter. Vanguard Group Inc now owns 18,703,926 shares of the open-source software company’s stock valued at $2,548,970,000 after acquiring an additional 103,057 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Red Hat by 11,583.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,095,436 shares of the open-source software company’s stock valued at $57,000 after acquiring an additional 10,009,030 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Red Hat by 3.6% in the third quarter. Blair William & Co. IL now owns 1,487,185 shares of the open-source software company’s stock valued at $202,674,000 after acquiring an additional 51,258 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in shares of Red Hat by 11.7% in the third quarter. DF Dent & Co. Inc. now owns 1,061,674 shares of the open-source software company’s stock valued at $144,685,000 after acquiring an additional 111,442 shares in the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.

Shares of RHT opened at $181.67 on Friday. Red Hat Inc has a 12 month low of $115.31 and a 12 month high of $183.54. The firm has a market cap of $32.10 billion, a PE ratio of 78.99, a price-to-earnings-growth ratio of 4.02 and a beta of 0.55. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23.

Red Hat (NYSE:RHT) last posted its earnings results on Monday, December 17th. The open-source software company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Red Hat had a net margin of 8.66% and a return on equity of 33.96%. The business had revenue of $847.00 million for the quarter, compared to analyst estimates of $852.79 million. During the same period last year, the business posted $0.73 EPS. Red Hat’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts forecast that Red Hat Inc will post 2.63 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Monness Crespi & Hardt reiterated a “buy” rating and issued a $190.00 price objective (up from $186.00) on shares of Red Hat in a report on Monday, December 10th. Zacks Investment Research upgraded shares of Red Hat from a “hold” rating to a “buy” rating and set a $194.00 price objective for the company in a report on Monday, December 31st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $166.54.

In related news, EVP Michael Cunningham sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $178.79, for a total value of $4,469,750.00. Following the transaction, the executive vice president now directly owns 25,071 shares in the company, valued at approximately $4,482,444.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

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Red Hat 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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