The Montrusco Bolton Investments Inc holds 72,688 shares with $6.94 million value, down from 116,986 last quarter. In the last three months, insiders have sold 34,172 shares of company stock worth $3,926,377. About 62,262 shares traded.
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 has underperformed by 28.46% the S&P500. (NYSE:RHT). Raymond James And Associate reported 262,386 shares stake. Therefore 73% are positive.
Bb&T Corp increased Red Hat Inc (RHT) stake by 19.83% reported in 2017Q2 SEC filing. The firm earned "Market Perform" rating on Thursday, December 22 by BMO Capital Markets. The stock presently has an average rating of "Buy" and an average price target of $111.86. Toronto Dominion Bank now owns 48,126 shares of the open-source software company's stock worth $4,163,000 after buying an additional 17,143 shares during the period. The stock of Red Hat, Inc. (NYSE:RHT) was released by: Businesswire.com and their article: "Orange and Red Hat Join Forces to Spearhead Network Virtualization Innovation" with publication date: November 07, 2017. The company was maintained on Thursday, July 6 by RBC Capital Markets. The stock has "Market Perform" rating by BMO Capital Markets on Tuesday, September 26. On Monday, April 25 the stock rating was initiated by JP Morgan with "Neutral". The firm has "Market Outperform" rating by JMP Securities given on Wednesday, September 13. The current S&P 500 Price to sales ratio is 2.10+0.00 (0.03%). It dropped, as 25 investors sold Red Hat, Inc. shares while 161 reduced holdings. The open-source software company reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. Live Your Vision Limited Company has invested 0% in Red Hat, Inc.
The EPS this year for Red Hat, Inc., RHT is 1.67 following the EPC growth of next year of 17.74%. Bank of America reaffirmed a neutral rating and issued a $115.00 price target (up previously from $105.00) on shares of Red Hat in a research report on Tuesday, September 26th. Qs Investors Ltd Liability Co stated it has 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 20 shares. Teacher Retirement System of Texas' holdings in Red Hat were worth $4,041,000 as of its most recent filing with the SEC. (NYSE:RHT). Gateway Invest Advisers Lc holds 0.01% or 11,424 shares. Natixis holds 0.06% or 50,688 shares in its portfolio. Nippon Life Ins accumulated 16,190 shares or 0.03% of the stock. Finally, State of Alaska Department of Revenue bought a new stake in shares of Red Hat during the 2nd quarter worth $122,000. Red Hat's quarterly revenue was up 20.6% on a year-over-year basis. research analysts anticipate that Red Hat Inc will post 2 EPS for the current fiscal year. Sun Life Financial INC now owns 1,195 shares of the open-source software company's stock worth $114,000 after purchasing an additional 1,187 shares during the period. The stock has a market cap of $22,332.36, a P/E ratio of 68.82, a price-to-earnings-growth ratio of 3.98 and a beta of 1.19. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments. The stock increased 1.74% or $2.39 during the last trading session, reaching $139.89. About 1.68M shares traded or 8.58% up from the average. Stifel Nicolaus reiterated a "buy" rating and set a $115.00 price objective on shares of Red Hat in a report on Wednesday, September 20th. It has outperformed by 2.27% the S&P500.
Investors sentiment increased to 0.87 in 2017 Q2. Its down 0.04, from 1.88 in 2017Q1. 26 funds opened positions while 86 raised stakes. Magnetar Fincl Limited holds 0.04% or 24,141 shares in its portfolio. Public Employees Retirement System Of Ohio reported 210,362 shares. D E Shaw stated it has 614,282 shares or 0.1% of all its holdings. Somerville Kurt F holds 0.17% or 7,000 shares. (NASDAQ:VSAT) or 1,960 shares. Symphony Asset Management Lc holds 13,829 shares. 199.13 million shares or 0.41% less from 199.95 million shares in 2017Q1 were reported. Mitsubishi Ufj Corporation holds 362,629 shares. Shannon River Fund Mgmt Limited Liability Corporation has 118,400 shares. Oppenheimer Asset reported 21,299 shares.
Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. (NASDAQ:VSAT) has "Sell" rating given on Wednesday, November 9 by Wunderlich. Wells Fargo has "Outperform" rating and $120 target. The company now has an average rating of "Buy" and a consensus target price of $111.86. As per Friday, October 2, the company rating was maintained by Citigroup.