Somewhat Positive Media Coverage Somewhat Unlikely to Affect Red Hat Software (RHT) Stock Price

News headlines about Red Hat Software (NYSE:RHT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Red Hat Software earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the open-source software company an impact score of 46.7584038505357 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern’s analysis:

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Several brokerages recently commented on RHT. BMO Capital Markets restated a “hold” rating and set a $180.00 target price on shares of Red Hat Software in a report on Tuesday, March 27th. Stifel Nicolaus increased their target price on shares of Red Hat Software from $150.00 to $172.00 and gave the stock a “buy” rating in a report on Tuesday, March 27th. Citigroup restated a “buy” rating and set a $148.00 target price on shares of Red Hat Software in a report on Wednesday, December 13th. Oppenheimer increased their target price on shares of Red Hat Software from $140.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 27th. Finally, KeyCorp restated a “buy” rating and set a $184.00 target price on shares of Red Hat Software in a report on Tuesday, March 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $152.13.

Shares of RHT traded up $2.16 during trading hours on Monday, hitting $151.33. The company had a trading volume of 1,271,370 shares, compared to its average volume of 1,853,306. The firm has a market capitalization of $26,403.73, a PE ratio of 65.80, a PEG ratio of 3.76 and a beta of 1.07. Red Hat Software has a 12 month low of $84.16 and a 12 month high of $167.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.36 and a quick ratio of 1.37.

Red Hat Software (NYSE:RHT) last issued its quarterly earnings data on Monday, March 26th. The open-source software company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.10. The company had revenue of $772.00 million for the quarter, compared to analyst estimates of $761.87 million. Red Hat Software had a net margin of 8.86% and a return on equity of 29.36%. The company’s revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. analysts predict that Red Hat Software will post 2.52 earnings per share for the current fiscal year.

In related news, CEO James M. Whitehurst sold 5,593 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $698,397.91. Following the transaction, the chief executive officer now directly owns 373,506 shares of the company’s stock, valued at $46,639,694.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Delisa Alexander sold 1,393 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $124.87, for a total transaction of $173,943.91. Following the transaction, the executive vice president now directly owns 36,420 shares in the company, valued at $4,547,765.40. The disclosure for this sale can be found here. Insiders sold 14,686 shares of company stock worth $1,873,342 over the last three months. Insiders own 0.66% of the company’s stock.

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About Red Hat Software

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.

Insider Buying and Selling by Quarter for Red Hat Software (NYSE:RHT)

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