Globant S A (NYSE:GLOB) Price Rose While Gluskin Sheff & Assoc Inc Lowered Its Position

May 17, 2018 - By Skott Medlock

Globant S.A. (NYSE:GLOB) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.23. That’s change of 0.21, from 2017Q3’s 1.02. 10 investors sold all, 25 reduced holdings as GLOB ratio improved. 28 grew stakes while 15 funds acquired stakes. Funds hold 21.90 million shares thus 0.88% less from 2017Q3’s 22.09 million shares. Ww reported 3.00 million shs. Atlantic Grp Limited invested in 32 shs. Riverbridge Ptnrs Ltd holds 1.36% or 1.51M shs. Millennium Mngmt Limited Liability holds 549,633 shs. Fdx Advsrs owns 0.01% invested in Globant S.A. (NYSE:GLOB) for 7,731 shs. J Goldman & Com Lp holds 0.04% of its capital in Globant S.A. (NYSE:GLOB) for 15,814 shs. Goldman Sachs Grp Incorporated has 0% invested in Globant S.A. (NYSE:GLOB) for 23,940 shs. Legal General Gp Public Limited Co invested in 0% or 2,900 shs. Denver Inv Lc holds 0.04% or 16,326 shs in its capital. Barclays Public Limited Com, a United Kingdom-based fund reported 1,546 shs. California Pub Employees Retirement holds 6,188 shs. Fisher Asset Mgmt Ltd Co reported 0% stake. Thornburg Investment Mgmt owns 240,586 shs. Baker Avenue Asset Mgmt Limited Partnership stated it has 0.1% in Globant S.A. (NYSE:GLOB). Vanguard Incorporated accumulated 6,528 shs.

Gluskin Sheff & Assoc Inc decreased its holdings by 47.91% in Globant S A (NYSE:GLOB), according to 2018Q1 SEC filling. By selling 209,213 shares Gluskin Sheff & Assoc Inc made the stock Popped Up with 14.76%. At the end of 2018Q1, the institutional investor held 227,421 shares of the edp services company, valued at $11.72 million, down from 436,634 at the end of the previous reported quarter. $1.85B is Globant S A’s market cap. GLOB reached $50.9 during the last trading session after $0.44 change.Globant S.A. is uptrending after having risen 42.58% since May 17, 2017. GLOB has 444,443 volume or 27.40% up from normal. GLOB outperformed by 31.03% the S&P 500.

According to a filing the Gluskin Sheff & Assoc Inc’s stake in Sun Life Finl Inc (NYSE:SLF) was increased by 382,926 shares to 2.45 million shares valued at $100.82M in 2018Q1. It operates about $7.77 billion and $1.84 billion US Long portfolio. For a total of 395,231 shares it increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 115,231 shares in the quarter, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Gluskin Sheff & Assoc Inc is a Ontario, Canada-based institutional investor with more than $7.77 billion AUM in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Gluskin Sheff & Assoc latest Adv, the fund reported to have 127 full and part-time employees. Among which 32 performing investment advisory and research functions. The institutional investor had more than 3700 clients.

Globant S.A. (NYSE:GLOB) Ratings Coverage

Total analysts of 4 have positions in Globant SA (NYSE:GLOB) as follows: 3 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 75%. The firm has $55.0 highest while $48 is the lowest target price. The average target $52.33 is 2.81% above the last ($50.9) price. Since January 26, 2018 according to StockzIntelligence Inc Globant SA has 4 analyst reports. On Wednesday, April 4 SunTrust upgraded Globant S.A. (NYSE:GLOB) to “Buy” rating. In Tuesday, February 20 report JP Morgan maintained the stock with “Overweight” rating. On Friday, January 26 the stock of Globant S.A. (NYSE:GLOB) earned “Buy” rating by Cowen & Co.

Globant S.A. develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia.The firm is valued at $1.85 billion. It offers API management, e-commerce, and digital solutions; graphics engineering, game engineering, gaming experience, VR/AR development, and digital platform services; Big Data services, such as data integration, data architecture, scalable platform, blockchain, data visualization, and data science; testing center, test automation, mobile testing, and load and performance testing services.The P/E ratio is 59.19. The firm also provides enterprise consumerization services, including enterprise operations, collaboration solutions, cloud development, and talent management; UX design services comprising service, user experience, industrial design, and visual design; and native development, product development, and enterprise mobility services for mobiles.

Globant S.A. (NYSE:GLOB) Analyst Ratings Chart

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