Moody National Bank Trust Division held its stake in shares of Red Hat Inc (NYSE:RHT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,840 shares of the open-source software company’s stock at the end of the first quarter. Moody National Bank Trust Division’s holdings in Red Hat were worth $505,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RHT. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Red Hat by 2,680.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 380,814 shares of the open-source software company’s stock worth $30,781,000 after buying an additional 367,117 shares during the period. World Asset Management Inc boosted its stake in shares of Red Hat by 1.9% in the third quarter. World Asset Management Inc now owns 17,599 shares of the open-source software company’s stock worth $1,423,000 after buying an additional 329 shares during the period. Stanley Laman Group Ltd. boosted its stake in shares of Red Hat by 2.1% in the third quarter. Stanley Laman Group Ltd. now owns 15,958 shares of the open-source software company’s stock worth $1,290,000 after buying an additional 328 shares during the period. DnB Asset Management AS boosted its stake in shares of Red Hat by 3.8% in the third quarter. DnB Asset Management AS now owns 16,446 shares of the open-source software company’s stock worth $1,329,000 after buying an additional 600 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Red Hat by 120.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 713,216 shares of the open-source software company’s stock worth $57,649,000 after buying an additional 390,192 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Red Hat Inc (NYSE:RHT) traded down 0.41% during trading on Friday, hitting $87.06. 601,231 shares of the company traded hands. Red Hat Inc has a one year low of $68.54 and a one year high of $88.05. The firm has a 50 day moving average price of $84.24 and a 200-day moving average price of $79.02. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 62.63 and a beta of 1.44.

Red Hat (NYSE:RHT) last posted its earnings results on Monday, March 27th. The open-source software company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. The firm earned $628.80 million during the quarter, compared to analysts’ expectations of $618.64 million. Red Hat had a net margin of 10.36% and a return on equity of 20.57%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. Analysts predict that Red Hat Inc will post $2.63 EPS for the current year.

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A number of research analysts have commented on the stock. CIBC restated a “buy” rating and issued a $94.00 price objective on shares of Red Hat in a research note on Wednesday, March 29th. MKM Partners restated a “neutral” rating and issued a $82.00 price objective (up from $75.00) on shares of Red Hat in a research note on Thursday, March 30th. Robert W. Baird restated a “neutral” rating and issued a $90.00 price objective on shares of Red Hat in a research note on Tuesday, March 28th. Cowen and Company dropped their price objective on shares of Red Hat from $82.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 21st. Finally, Rosenblatt Securities set a $95.00 price objective on shares of Red Hat and gave the company a “buy” rating in a research note on Monday, March 20th. One equities research 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 a consensus rating of “Buy” and an average price target of $90.60.

In other news, CEO James M. Whitehurst sold 4,780 shares of Red Hat stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $85.81, for a total value of $410,171.80. Following the transaction, the chief executive officer now owns 402,160 shares of the company’s stock, valued at $34,509,349.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Delisa Alexander sold 1,440 shares of Red Hat stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $85.81, for a total transaction of $123,566.40. Following the completion of the transaction, the executive vice president now directly owns 36,662 shares in the company, valued at approximately $3,145,966.22. The disclosure for this sale can be found here. Insiders sold 69,630 shares of company stock valued at $5,992,372 over the last quarter. Corporate insiders own 0.76% 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.

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