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

May 17, 2018 - By Karl Shevlin

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It dived, 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.
Johnson Counsel has invested 0.04% in Red Hat, Inc. (NYSE:RHT). Thrivent For Lutherans reported 2.20 million shares stake. Personal Advsrs Corp has invested 0% in Red Hat, Inc. (NYSE:RHT). Credit Suisse Ag has 365,370 shares for 0.04% of their portfolio. Fjarde Ap reported 0.09% of its portfolio in Red Hat, Inc. (NYSE:RHT). First Republic Investment holds 7,357 shares or 0.01% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 2,714 shares. Louisiana State Employees Retirement System holds 0.06% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 10,700 shares. Dorsey Wright And Associates reported 0.34% of its portfolio in Red Hat, Inc. (NYSE:RHT). 270,372 are owned by Asset One. Washington Com has invested 1.21% in Red Hat, Inc. (NYSE:RHT). Fred Alger Management invested in 867,345 shares or 0.47% of the stock. Virginia Retirement Et Al owns 0.03% invested in Red Hat, Inc. (NYSE:RHT) for 21,900 shares. Glob X Management Co Ltd has 2,498 shares. Intrust Bank & Trust Na owns 2,116 shares or 0.08% 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 $87.06 million giving it 82.63 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 0.98% or $1.6 during the last trading session, reaching $161.96. About 2.07 million shares traded or 13.65% up from the average. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 17, 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 stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given on Tuesday, March 27 by Wells Fargo. The firm has “Buy” rating given on Wednesday, March 21 by RBC Capital Markets. As per Tuesday, March 27, the company rating was maintained by Deutsche Bank. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Deutsche Bank on Tuesday, January 2. As per Tuesday, March 27, the company rating was maintained by Credit Suisse. The rating was maintained by Wells Fargo on Wednesday, December 20 with “Buy”. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by BTIG Research on Wednesday, December 20. J.P. Morgan maintained it with “Buy” rating and $17500 target in Tuesday, March 27 report. Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) on Wednesday, December 13 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $150.0 target in Friday, December 15 report.

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 $28.78 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 115.69 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.

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

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