Raymond James & Associates increased its holdings in shares of Globant S.A. (NYSE:GLOB – Get Rating) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,568 shares of the information technology services provider’s stock after buying an additional 5,208 shares during the period. Raymond James & Associates owned about 0.06% of Globant worth $4,300,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Globant by 1,068.8% during the 3rd quarter. IFP Advisors Inc now owns 187 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Globant during the fourth quarter worth about $40,000. Advisors Asset Management Inc. acquired a new stake in Globant in the first quarter valued at approximately $72,000. Huntington National Bank lifted its stake in Globant by 60.0% in the third quarter. Huntington National Bank now owns 416 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 156 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in Globant by 22.2% in the first quarter. Loomis Sayles & Co. L P now owns 468 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 85 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.
Globant Stock Performance
Shares of NYSE:GLOB opened at $170.28 on Thursday. Globant S.A. has a one year low of $135.40 and a one year high of $240.00. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 49.21 and a beta of 1.41. The company has a 50-day simple moving average of $153.33 and a 200-day simple moving average of $164.07.
Wall Street Analyst Weigh In
Globant Company Profile
Globant SA engages in the provision of information technology services. It includes application development, testing, infrastructure management, and application maintenance. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.
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