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Red Hat Inc (NYSE:RHT) Position Trimmed by KBC Group NV

KBC Group NV reduced its stake in shares of Red Hat Inc (NYSE:RHT) by 82.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,847 shares of the open-source software company’s stock after selling 244,374 shares during the quarter. KBC Group NV’s holdings in Red Hat were worth $7,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RHT. We Are One Seven LLC purchased a new stake in Red Hat in the fourth quarter worth about $105,000. Calton & Associates Inc. purchased a new stake in Red Hat in the fourth quarter worth about $189,000. Avestar Capital LLC purchased a new stake in Red Hat in the fourth quarter worth about $168,000. Aries Wealth Management purchased a new stake in Red Hat in the fourth quarter worth about $210,000. Finally, D.A. Davidson & CO. purchased a new stake in Red Hat in the first quarter worth about $253,000. 95.39% of the stock is owned by hedge funds and other institutional investors.

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