Iteris, Inc. (ITI) Reaches $5.37 After 3.00% Down Move; Azimuth Capital Management Has Decreased Red Hat (RHT) Stake

April 18, 2018 - By Winifred Garcia

Iteris, Inc. (NASDAQ:ITI) Logo

Azimuth Capital Management Llc decreased Red Hat Inc (RHT) stake by 31.93% reported in 2017Q4 SEC filing. Azimuth Capital Management Llc sold 31,795 shares as Red Hat Inc (RHT)’s stock rose 25.63%. The Azimuth Capital Management Llc holds 67,770 shares with $8.14M value, down from 99,565 last quarter. Red Hat Inc now has $28.66 billion valuation. The stock decreased 0.18% or $0.3 during the last trading session, reaching $161.93. About 543,690 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since April 18, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

The stock of Iteris, Inc. (NASDAQ:ITI) is a huge mover today! The stock decreased 1.47% or $0.08 during the last trading session, reaching $5.37. About 67,023 shares traded. Iteris, Inc. (NASDAQ:ITI) has declined 2.72% since April 18, 2017 and is downtrending. It has underperformed by 14.27% the S&P500.The move comes after 8 months negative chart setup for the $177.60 million company. It was reported on Apr, 18 by Barchart.com. We have $5.21 PT which if reached, will make NASDAQ:ITI worth $5.33M less.

Analysts await Iteris, Inc. (NASDAQ:ITI) to report earnings on June, 14. They expect $-0.03 earnings per share, up 25.00% or $0.01 from last year’s $-0.04 per share. After $-0.03 actual earnings per share reported by Iteris, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Iteris, Inc. provides intelligent information solutions to traffic management and global agribusiness markets worldwide. The company has market cap of $177.60 million. It operates in three divisions: Roadway Sensors, Transportation Systems, and Agriculture and Weather Analytics. It currently has negative earnings. The Roadway Sensors segment provides vehicle detection and information systems and products for traffic intersection control, incident detection, and roadway traffic data collection applications.

Azimuth Capital Management Llc increased Kimberly (NYSE:KMB) stake by 2,890 shares to 66,559 valued at $8.03 million in 2017Q4. It also upped Broadcom Ltd. stake by 1,207 shares and now owns 34,455 shares. Abbott Labs (NYSE:ABT) was raised too.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 19. They expect $0.49 EPS, up 22.50% or $0.09 from last year’s $0.4 per share. RHT’s profit will be $86.73M for 82.62 P/E if the $0.49 EPS becomes a reality. After $0.73 actual EPS reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

Among 39 analysts covering Red Hat (NYSE:RHT), 28 have Buy rating, 1 Sell and 10 Hold. Therefore 72% are positive. Red Hat had 134 analyst reports since August 25, 2015 according to SRatingsIntel. Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) rating on Monday, March 19. Barclays Capital has “Overweight” rating and $165 target. The firm has “Buy” rating by Credit Suisse given on Tuesday, September 22. The rating was downgraded by BMO Capital Markets to “Market Perform” on Thursday, December 22. Jefferies maintained the shares of RHT in report on Monday, July 24 with “Hold” rating. Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) on Tuesday, March 27 with “Overweight” rating. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, December 22 report. Jefferies maintained Red Hat, Inc. (NYSE:RHT) on Wednesday, June 7 with “Hold” rating. The company was maintained on Friday, August 25 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, September 20. The company was maintained on Tuesday, December 19 by Piper Jaffray.

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It fall, as 45 investors sold RHT 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. Gagnon Securities Ltd Liability Corporation stated it has 113,201 shares. Everence Management Inc accumulated 3,789 shares. Paradigm Asset Management Company Lc reported 1,350 shares. Glenmede Na invested 0% of its portfolio in Red Hat, Inc. (NYSE:RHT). Oppenheimer Communication has invested 0.09% in Red Hat, Inc. (NYSE:RHT). Bluemountain Mgmt Ltd Company reported 47,098 shares stake. Virtu Lc invested in 0.03% or 5,046 shares. Cleararc, a Ohio-based fund reported 4,495 shares. Stratos Wealth Prns Limited holds 0.01% or 1,129 shares in its portfolio. Apg Asset Mngmt Nv holds 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 154,177 shares. Price T Rowe Assocs Md invested in 0.42% or 21.49M shares. Gsa Partners Llp holds 0.25% or 34,084 shares in its portfolio. Cornerstone Advsr stated it has 108 shares. Hwg, Texas-based fund reported 2,374 shares. Mississippi-based Hancock Hldg has invested 0.52% in Red Hat, Inc. (NYSE:RHT).

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

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