Red Hat News
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Red Hat Inc (RHT) Position Raised by Chevy Chase Trust Holdings
Chevy Chase Trust Holdings raised its stake in shares of Red Hat Inc (NYSE:RHT) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 407,946 shares of the open-source software company’s stock after buying an additional 19,132 shares during the period. Chevy Chase Trust Holdings’ holdings in Red Hat were worth $33,782,000 at the end of the most recent reporting period.
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Market View On Red Hat, Inc. (NYSE:RHT)
Few brokerages covering Red Hat, Inc. (NYSE:RHT) have recently released its earnings and stock price target. As per the experts, the stock can touch 89.63 in the coming twelve months. The company’s earnings in the past one year was recorded at 1.03 per share. Now, in the coming quarter, First Call anticipates the company to deliver EPS of 0.50. The EPS estimates for the ongoing fiscal and the next year is reported to come at 1.86 and 2.19 respectively.
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