Red Hat ( RHT) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Red Hat rose $1.56 (2.6%) to $61.95 on average volume. Throughout the day, 2.1 million shares of Red Hat exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $59.76-$62.25 after having opened the day at $59.86 as compared to the previous trading day's close of $60.39. Other companies within the Technology sector that increased today were: Standard Microsystems Corporation ( SMSC), up 38.8%, Web.com Group ( WWWW), up 19.7%, Calix ( CALX), up 17.4%, and TripAdvisor ( TRIP), up 16.7%. Red Hat, Inc. provides open source software solutions to enterprises worldwide. It also offers enterprise-ready open source operating system platforms. Red Hat has a market cap of $11.5 billion and is part of the computer software & services industry. The company has a P/E ratio of 79.5, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 46.3% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Red Hat a buy, two analysts rate it a sell, and four rate it a hold. TheStreet Ratings rates Red Hat as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.