Red Hat, Inc. (RHT) Analysts See $0.49 EPS

May 16, 2018 - By Jimmy Baldridge

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It fall, as 45 investors sold Red Hat, Inc. shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported.
The Nebraska-based Ameritas Inv has invested 0.02% in Red Hat, Inc. (NYSE:RHT). Ontario Teachers Pension Plan Board, Ontario – Canada-based fund reported 16,672 shares. Ls Invest Advisors Limited Liability Corporation stated it has 0.04% of its portfolio in Red Hat, Inc. (NYSE:RHT). California Pub Employees Retirement System has 0.07% invested in Red Hat, Inc. (NYSE:RHT) for 422,299 shares. Victory reported 485,023 shares. Citigroup owns 107,308 shares. Patten Gru stated it has 0% of its portfolio in Red Hat, Inc. (NYSE:RHT). Blackrock Incorporated stated it has 0.07% in Red Hat, Inc. (NYSE:RHT). Los Angeles Capital Equity Rech owns 3,298 shares. Envestnet Asset Mgmt has invested 0.01% in Red Hat, Inc. (NYSE:RHT). Morgan Dempsey Management Limited Liability Corp invested in 608 shares. Bbva Compass Bank Inc invested in 3,891 shares or 0.03% of the stock. Amp Cap Investors Limited invested in 79,286 shares or 0.05% of the stock. Commonwealth Bank & Trust Of Australia reported 173 shares stake. Atria Invs Limited Liability owns 4,672 shares or 0.03% of their US portfolio.

Analysts expect Red Hat, Inc. (NYSE:RHT) to report $0.49 EPS on June, 19.They anticipate $0.09 EPS change or 22.50 % from last quarter’s $0.4 EPS. RHT’s profit would be $87.06M giving it 83.45 P/E if the $0.49 EPS is correct. After having $0.73 EPS previously, Red Hat, Inc.’s analysts see -32.88 % EPS growth. The stock decreased 0.72% or $1.19 during the last trading session, reaching $163.56. About 2.95 million shares traded or 61.53% up from the average. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 16, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Red Hat, Inc. (NYSE:RHT) Ratings Coverage

Among 25 analysts covering Red Hat (NYSE:RHT), 19 have Buy rating, 0 Sell and 6 Hold. Therefore 76% are positive. Red Hat had 41 analyst reports since December 4, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, March 12 by Mizuho. Morgan Stanley maintained Red Hat, Inc. (NYSE:RHT) rating on Tuesday, March 27. Morgan Stanley has “Equal-Weight” rating and $150 target. Deutsche Bank maintained the shares of RHT in report on Tuesday, January 2 with “Buy” rating. On Tuesday, March 27 the stock rating was maintained by Jefferies with “Hold”. BMO Capital Markets maintained Red Hat, Inc. (NYSE:RHT) on Wednesday, December 20 with “Hold” rating. Nomura maintained Red Hat, Inc. (NYSE:RHT) rating on Tuesday, March 27. Nomura has “Buy” rating and $182 target. The rating was maintained by RBC Capital Markets on Wednesday, December 13 with “Buy”. The stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given on Wednesday, December 20 by BTIG Research. Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) rating on Monday, March 19. Barclays Capital has “Overweight” rating and $165 target. The company was maintained on Monday, December 11 by Cowen & Co.

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. The company has market cap of $29.06 billion. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows clients to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. It has a 116.83 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.

More news for Red Hat, Inc. (NYSE:RHT) were recently published by: Benzinga.com, which released: “Nonprofit Fintech Organization Symphony Software Foundation Rebrands As FINOS” on April 24, 2018. Seekingalpha.com‘s article titled: “Bright Lights On Capitalist Woodstock, Tech Developers And Sports Betting” and published on May 05, 2018 is yet another important article.

Red Hat, Inc. (NYSE:RHT) Institutional Positions Chart

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