NYSE:RHT - Red Hat Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $185.69 -0.32 (-0.17 %) (As of 05/24/2019 04:00 PM ET)Previous Close$185.69Today's Range$185.69 - $186.2252-Week Range$115.31 - $186.36Volume807,867 shsAverage Volume1.49 million shsMarket Capitalization$33.01 billionP/E Ratio66.56Dividend YieldN/ABeta0.52 ProfileAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. The company 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; The company's application development-related and other technology solutions also includes Red Hat cloud offerings, a software solution that enables customers to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables customers to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables customers to manage large, unstructured, or semi-structured data in hybrid cloud environments. It also provides consulting, support, and training services; and realtime operating system, distributed computing, directory services, and user authentication. Red Hat, Inc. has collaboration with Juniper Networks Expand to provide a unified solution for enterprises designed to manage and run applications and services. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina. Receive RHT News and Ratings via Email Sign-up to receive the latest news and ratings for RHT and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NYSE Industry Computer programming, data processing, & other computer related Sub-IndustrySystems Software SectorComputer and Technology Current SymbolNYSE:RHT Previous SymbolNASDAQ:RHAT CUSIP75657710 CIK1087423 Webhttp://www.redhat.com/ Phone919-754-3700Debt Debt-to-Equity Ratio0.14 Current Ratio1.27 Quick Ratio1.27Price-To-Earnings Trailing P/E Ratio66.56 Forward P/E Ratio61.08 P/E Growth4.09 Sales & Book Value Annual Sales$3.36 billion Price / Sales9.82 Cash Flow$3.6183 per share Price / Cash Flow51.32 Book Value$9.13 per share Price / Book20.34Profitability EPS (Most Recent Fiscal Year)$2.79 Net Income$433.99 million Net Margins12.91% Return on Equity35.35% Return on Assets9.84%Miscellaneous Employees13,360 Outstanding Shares177,756,000Market Cap$33.01 billion Next Earnings Date6/20/2019 (Estimated) OptionableOptionable Red Hat (NYSE:RHT) Frequently Asked Questions What is Red Hat's stock symbol? Red Hat trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHT." How will Red Hat's stock buyback program work? Red Hat declared that its Board of Directors has authorized a stock repurchase program on Thursday, June 21st 2018, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued. How were Red Hat's earnings last quarter? Red Hat Inc (NYSE:RHT) posted its earnings results on Monday, March, 25th. The open-source software company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The open-source software company had revenue of $879 million for the quarter, compared to analysts' expectations of $885.64 million. Red Hat had a net margin of 12.91% and a return on equity of 35.35%. The company's revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. View Red Hat's Earnings History. When is Red Hat's next earnings date? Red Hat is scheduled to release their next quarterly earnings announcement on Thursday, June 20th 2019. View Earnings Estimates for Red Hat. What price target have analysts set for RHT? 23 analysts have issued 12 month target prices for Red Hat's stock. Their forecasts range from $84.00 to $190.00. On average, they expect Red Hat's stock price to reach $167.05 in the next twelve months. This suggests that the stock has a possible downside of 10.0%. View Analyst Price Targets for Red Hat. What is the consensus analysts' recommendation for Red Hat? 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Hat in the last year. There are currently 13 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Red Hat. Has Red Hat been receiving favorable news coverage? Headlines about RHT stock have been trending positive recently, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Red Hat earned a news sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage about the open-source software company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. Who are some of Red Hat's key competitors? Some companies that are related to Red Hat include Baidu (BIDU), Twitter (TWTR), IHS Markit (INFO), Zoom Video Communications (ZM), Match Group (MTCH), Snap (SNAP), Yandex (YNDX), FactSet Research Systems (FDS), Weibo (WB), Trade Desk (TTD), 58.com (WUBA), Line (LN), Wix.Com (WIX), Tripadvisor (TRIP) and Sabre (SABR). What other stocks do shareholders of Red Hat own? Based on aggregate information from My MarketBeat watchlists, some companies that other Red Hat investors own include Alibaba Group (BABA), NVIDIA (NVDA), salesforce.com (CRM), Micron Technology (MU), Netflix (NFLX), Adobe (adbe), Intel (INTC), Broadcom (AVGO), Visa (V) and Boeing (BA). Who are Red Hat's key executives? Red Hat's management team includes the folowing people: Mr. James M. Whitehurst, Pres, CEO & Director (Age 51)Mr. Eric R. Shander, Exec. VP & CFO (Age 50)Mr. Michael R. Cunningham, Exec. VP, Gen. Counsel & Corp. Sec. (Age 58)Mr. Arun Oberoi, Exec. VP of Global Sales & Services (Age 64)Mr. Paul J. Cormier, Exec. VP and Pres of Products & Technologies (Age 62) Who are Red Hat's major shareholders? Red Hat's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.98%), Jennison Associates LLC (2.25%), Northern Trust Corp (1.88%), Geode Capital Management LLC (1.62%), Clearbridge Investments LLC (1.25%) and Janus Henderson Group PLC (1.12%). Company insiders that own Red Hat stock include Arun Oberoi, Charlene T Begley, Delisa Alexander, Eric Ryan Shander, Eugene Beukman, James M Whitehurst, Michael A Kelly, Michael Cunningham, Paul J Cormier and William S Kaiser. View Institutional Ownership Trends for Red Hat. Which major investors are selling Red Hat stock? RHT stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, OZ Management LP, Zurcher Kantonalbank Zurich Cantonalbank, Nomura Asset Management Co. Ltd., Champlain Investment Partners LLC, BlackRock Inc., Clearbridge Investments LLC and Jennison Associates LLC. Company insiders that have sold Red Hat company stock in the last year include Delisa Alexander, James M Whitehurst, Michael A Kelly and Michael Cunningham. View Insider Buying and Selling for Red Hat. Which major investors are buying Red Hat stock? RHT stock was purchased by a variety of institutional investors in the last quarter, including Boussard & Gavaudan Investment Management LLP, FIL Ltd, Geode Capital Management LLC, Assenagon Asset Management S.A., Flossbach Von Storch AG, Gabelli Funds LLC, Twin Securities Inc. and Pictet Asset Management Ltd.. View Insider Buying and Selling for Red Hat. How do I buy shares of Red Hat? Shares of RHT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab. What is Red Hat's stock price today? One share of RHT stock can currently be purchased for approximately $185.69. How big of a company is Red Hat? Red Hat has a market capitalization of $33.01 billion and generates $3.36 billion in revenue each year. The open-source software company earns $433.99 million in net income (profit) each year or $2.79 on an earnings per share basis. Red Hat employs 13,360 workers across the globe. What is Red Hat's official website? The official website for Red Hat is http://www.redhat.com/. How can I contact Red Hat? Red Hat's mailing address is 100 EAST DAVIE STREET, RALEIGH NC, 27601. The open-source software company can be reached via phone at 919-754-3700 or via email at [email protected] MarketBeat Community Rating for Red Hat (NYSE RHT)Community Ranking: 3.4 out of 5 ( )Outperform Votes: 1,506 (Vote Outperform)Underperform Votes: 702 (Vote Underperform)Total Votes: 2,208MarketBeat's community ratings are surveys of what our community members think about Red Hat and other stocks. Vote "Outperform" if you believe RHT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RHT will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 5/25/2019 by MarketBeat.com StaffFeatured Article: Understanding debt-to-equity ratio in fundamental analysis Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.