News headlines about Red Hat (NYSE:RHT) have trended positive on Monday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Red Hat earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news coverage about the open-source software company an impact score of 46.5847945758306 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern’s analysis:

Red Hat (NYSE RHT) traded down $0.70 during trading hours on Monday, hitting $134.52. 255,219 shares of the company traded hands, compared to its average volume of 1,560,719. Red Hat has a twelve month low of $73.76 and a twelve month high of $135.77. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $23,934.52, a PE ratio of 73.81, a PEG ratio of 4.13 and a beta of 1.20.

Red Hat (NYSE:RHT) last released its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. Red Hat had a net margin of 12.14% and a return on equity of 26.23%. The business had revenue of $747.98 million during the quarter, compared to analysts’ expectations of $734.69 million. During the same period last year, the business earned $0.61 earnings per share. The firm’s revenue was up 21.6% on a year-over-year basis. research analysts predict that Red Hat will post 2.08 EPS for the current year.

A number of equities research analysts recently issued reports on RHT shares. Zacks Investment Research cut shares of Red Hat from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Northland Securities reiterated a “buy” rating and set a $150.00 target price on shares of Red Hat in a research report on Thursday, December 21st. Mizuho increased their price objective on shares of Red Hat from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Credit Suisse Group reissued a “neutral” rating and set a $120.00 price objective (up previously from $113.00) on shares of Red Hat in a report on Wednesday, December 20th. Finally, Bank of America reissued an “underperform” rating and set a $115.00 price objective on shares of Red Hat in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $125.11.

In other Red Hat news, EVP Delisa Alexander sold 1,393 shares of Red Hat stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $173,943.91. Following the completion of the transaction, the executive vice president now directly owns 36,420 shares of the company’s stock, valued at $4,547,765.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James M. Whitehurst sold 5,593 shares of Red Hat stock in a transaction on Wednesday, January 17th. The stock was 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 disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

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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.

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

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