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. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services. Its infrastructure-related offerings include Red Hat Enterprise Linux, Red Hat Satellite and Red Hat Enterprise Virtualization. Its application development-related and other technology offerings include Red Hat JBoss Middleware, Red Hat cloud offerings, Red Hat Mobile and Red Hat Storage. Its consulting services include upgrade planning, platform migrations, solution integration and application development.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Application Software
- Sub-Industry: Systems Software
- Exchange: NYSE
- Symbol: RHT
- CUSIP: 75657710
- Previous Close: $83.75
- 50 Day Moving Average: $75.77
- 200 Day Moving Average: $76.20
- 52-Week Range: $63.65 - $84.15
- Trailing P/E Ratio: 63.93
- Foreward P/E Ratio: 32.34
- P/E Growth: 2.28
- Market Cap: $14.93B
- Outstanding Shares: 178,287,000
- Beta: 1.44
- Net Margins: 10.36%
- Return on Equity: 20.57%
- Return on Assets: 6.59%
Companies Related to Red Hat:
- Debt-to-Equity Ratio: 0.58%
- Current Ratio: 1.26%
- Quick Ratio: 1.26%
What is Red Hat's stock symbol?
Red Hat trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHT."
Where is Red Hat's stock going? Where will Red Hat's stock price be in 2017?
26 equities research analysts have issued twelve-month price targets for Red Hat's stock. Their predictions range from $70.00 to $105.00. On average, they anticipate Red Hat's share price to reach $86.52 in the next twelve months.
When will Red Hat announce their earnings?
Red Hat is scheduled to release their next quarterly earnings announcement on Monday, March, 20th 2017.
What are analysts saying about Red Hat stock?
Here are some recent quotes from research analysts about Red Hat stock:
According to Zacks Investment Research, "Red Hat Inc. is a leading developer and provider of open source software and services, including the Red Hat Linux operating system. Unlike proprietary software, open source software has publicly available source code and can be copied, modified and distributed with minimal restrictions. The web site, REDHAT.COM, is a leading online source of information and news about open source software and one of the largest online communities of open source software users and developers. " (12/27/2016)
Barclays PLC analysts commented, "We continue to like the long- term story and believe the shares look attractive on a cash flow basis. Billings Growth and Large Deals Strong, App Dev Could Have Been Better: Billings grew 20% y/y this quarter, the strongest growth since 4Q14. We believe short term billings grew 17%, despite the longer duration, which is quite healthy. Deals over $1mn were up 60% y/y, underscoring Red Hat’s continued expansion with customers." (9/22/2016)
Jefferies Group LLC analysts commented, "RHT reported strong F2Q results on the back of large deals, as billings proxy of +20% exceeded the Street’s +16%. More importantly, New Subscription ACV (new business) grew 26% yoy, continuing solid momentum of the prior four periods. The only shortfall was cash flow, which is only partially explained by large deals typically signed at the end of the quarter." (9/22/2016)
Who owns Red Hat stock?
Red Hat's stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (5.48%), William Blair Investment Management LLC (2.39%), Champlain Investment Partners LLC (0.68%), Fred Alger Management Inc. (0.56%), Russell Investments Group Ltd. (0.54%) and Frontier Capital Management Co. LLC (0.49%). Company insiders that own Red Hat stock include Arun Oberoi, Charles E Peters Jr, Delisa Alexander, General Henry Hugh Shelton, James M Whitehurst, Jeff Clarke, Michael Cunningham, Paul J Cormier and William S Kaiser.
Who sold Red Hat stock? Who is selling Red Hat stock?
Red Hat's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Janus Capital Management LLC, AQR Capital Management LLC, Castleark Management LLC, Tudor Investment Corp Et Al, Guggenheim Capital LLC, Brown Capital Management LLC and Ardevora Asset Management LLP. Company insiders that have sold Red Hat stock in the last year include Delisa Alexander, General Henry Hugh Shelton, James M Whitehurst, Michael Cunningham and William S Kaiser.
Who bought Red Hat stock? Who is buying Red Hat stock?
Red Hat's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., William Blair Investment Management LLC, Fred Alger Management Inc., Asset Management One Co. Ltd., Champlain Investment Partners LLC, Alyeska Investment Group L.P., ARK Investment Management LLC and Brown Advisory Inc..
How do I buy Red Hat stock?
Shares of Red Hat can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Red Hat stock cost?
One share of Red Hat stock can currently be purchased for approximately $83.75.