Analysts at Barclays Maintained their Past ‘Overweight’ rating on Shares Red Hat (NYSE:RHT), Set a $166 PT

September 8, 2018 - By Vernon Prom

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Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.26, from 1.12 in 2017Q4. It worsened, as 46 investors sold Red Hat, Inc. shares while 214 reduced holdings. 80 funds opened positions while 144 raised stakes. 160.68 million shares or 0.87% more from 159.29 million shares in 2017Q4 were reported.

Moreover, Commonwealth Bancorp Of has 0% invested in Red Hat, Inc. (NYSE:RHT) for 173 shares. Quantres Asset Mgmt reported 0.17% of its portfolio in Red Hat, Inc. (NYSE:RHT). De Burlo reported 77,200 shares stake. British Columbia Invest Mngmt, British Columbia – Canada-based fund reported 74,543 shares. 20 are owned by Hartford Financial Incorporated. 107,877 are held by Axa. Arrowstreet Cap Ltd Partnership reported 0.77% of its portfolio in Red Hat, Inc. (NYSE:RHT). 17,750 are owned by Lmr Prtnrs Llp. Westfield Capital Management Lp holds 0.55% or 475,148 shares in its portfolio. First Financial Corporation In invested in 0.62% or 5,804 shares. Fifth Third Bancorp stated it has 80,935 shares or 0.08% of all its holdings. Ibm Retirement Fund stated it has 3,897 shares or 0.11% of all its holdings. 3,941 are held by Yhb Investment. Schroder Inv Management Grp holds 45,026 shares or 0.01% of its portfolio. Chevy Chase Trust Holding Inc reported 0.17% stake.

Red Hat (NYSE:RHT) Rating Reaffirmed

In a report revealed to investors and clients this morning, Barclays restate their Overweight rating on Red Hat (NYSE:RHT) shares. The price target indicates a possible upside of 12.15 % from firm’s last close price.

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

Among 26 analysts covering Red Hat (NYSE:RHT), 18 have Buy rating, 0 Sell and 8 Hold. Therefore 69% are positive. Red Hat has $20000 highest and $150 lowest target. $164.67’s average target is 11.25% above currents $148.02 stock price. Red Hat had 30 analyst reports since March 12, 2018 according to SRatingsIntel. The stock of Red Hat, Inc. (NYSE:RHT) has “Neutral” rating given on Tuesday, March 27 by Credit Suisse. Barclays Capital maintained the shares of RHT in report on Friday, September 7 with “Overweight” rating. J.P. Morgan maintained Red Hat, Inc. (NYSE:RHT) on Tuesday, March 27 with “Buy” rating. The firm has “Buy” rating given on Wednesday, March 21 by RBC Capital Markets. The rating was maintained by Evercore with “Buy” on Thursday, June 21. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Monness on Monday, May 14. Nomura maintained the stock with “Buy” rating in Tuesday, March 27 report. As per Wednesday, March 28, the company rating was maintained by JP Morgan. The stock has “Hold” rating by Jefferies on Tuesday, March 27. Morgan Stanley maintained Red Hat, Inc. (NYSE:RHT) on Tuesday, March 27 with “Equal-Weight” rating.

The stock increased 1.43% or $2.09 during the last trading session, reaching $148.02. About 1.06 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 85.99% since September 8, 2017 and is uptrending. It has outperformed by 73.42% the S&P500.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on September, 24. They expect $0.59 EPS, up 1.72 % or $0.01 from last year’s $0.58 per share. RHT’s profit will be $104.65 million for 62.72 P/E if the $0.59 EPS becomes a reality. After $0.53 actual EPS reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts 11.32 % EPS growth.

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 $26.26 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 93.27 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: Seekingalpha.com, which released: “VMware: Buy The Dip” on August 27, 2018. Nasdaq.com‘s article titled: “Cloudera Stock Is Headed for Clearer Skies With Latest Cloud Triumph” and published on September 06, 2018 is yet another important article.

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

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