diff --git a/.gitignore b/.gitignore
index 887b2f0..be496bb 100644
--- a/.gitignore
+++ b/.gitignore
@@ -52,3 +52,4 @@ fonttools-2.3.tar.gz
 /fonttools-3.34.2.zip
 /fonttools-3.37.0.zip
 /fonttools-3.37.3.zip
+/fonttools-3.38.0.zip
diff --git a/fonttools.spec b/fonttools.spec
index 01ac6d9..b642920 100644
--- a/fonttools.spec
+++ b/fonttools.spec
@@ -6,8 +6,8 @@ from an XML text format, which is also called TTX. It supports TrueType, \
 OpenType, AFM and to an extent Type 1 and some Mac-specific formats.
 
 Name:           fonttools
-Version:        3.37.3
-Release:        2%{?dist}
+Version:        3.38.0
+Release:        1%{?dist}
 Summary:        Tools to manipulate font files
 License:        MIT
 URL:            https://github.com/%{name}/%{name}/
@@ -80,6 +80,9 @@ sed -i '1d' Lib/fontTools/mtiLib/__init__.py
 %{python3_sitelib}/%{name}-%{version}-py3.?.egg-info
 
 %changelog
+* Mon Feb 18 2019 Parag Nemade <pnemade AT redhat DOT com> - 3.38.0-1
+- Update to 3.38.0 version (#1678366)
+
 * Tue Feb 12 2019 Kalev Lember <klember@redhat.com> - 3.37.3-2
 - Add missing requires on python3-setuptools (#1676290)
 
diff --git a/sources b/sources
index 011053c..0cf5bea 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (fonttools-3.37.3.zip) = 37b8c50fff7d65a7850c894fb4c86b08b9e1b07131c2069c051e67834fcbc00ee66df494817a8a3d17bda505b6eae79d17b3b9e4090a0b13151a395652f4a83d
+SHA512 (fonttools-3.38.0.zip) = d554c6f42740cc738d861879add052489001da6736215be158015ae84a8e1894ed03ffb6c3b844ca20620fb69c3caef9d8e2cb4d057f45eb263edbc980a3b30f