Clarius Group LLC Acquires Shares of 1,106 Red Hat Inc (NYSE:RHT)

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Clarius Group LLC acquired a new position in shares of Red Hat Inc (NYSE:RHT) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,106 shares of the open-source software company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. TT International boosted its holdings in shares of Red Hat by 58.2% in the 1st quarter. TT International now owns 69,600 shares of the open-source software company’s stock valued at $12,715,000 after purchasing an additional 25,600 shares during the last quarter. Andra AP fonden acquired a new position in shares of Red Hat in the 1st quarter valued at $6,559,000. Advisory Alpha LLC acquired a new position in shares of Red Hat in the 1st quarter valued at $32,000. Vivaldi Asset Management LLC boosted its holdings in shares of Red Hat by 3,647.2% in the 1st quarter. Vivaldi Asset Management LLC now owns 145,991 shares of the open-source software company’s stock valued at $26,673,000 after purchasing an additional 142,095 shares during the last quarter. Finally, Tortoise Index Solutions LLC acquired a new position in shares of Red Hat in the 1st quarter valued at $117,000. 85.94% of the stock is owned by institutional investors and hedge funds.

NYSE:RHT opened at $185.54 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.14. The firm has a market cap of $32.90 billion, a P/E ratio of 66.50, a price-to-earnings-growth ratio of 4.06 and a beta of 0.49. Red Hat Inc has a twelve month low of $115.31 and a twelve month high of $186.36.

Red Hat (NYSE:RHT) last posted its earnings results on Monday, March 25th. The open-source software company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.15. The business had revenue of $879.00 million for the quarter, compared to analyst estimates of $885.64 million. Red Hat had a net margin of 12.91% and a return on equity of 35.35%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. Sell-side analysts forecast that Red Hat Inc will post 3.04 EPS for the current year.

Separately, ValuEngine lowered shares of Red Hat from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $168.33.

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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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