LPL Financial LLC increased its stake in shares of Globant S.A. (NYSE:GLOB – Get Rating) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,402 shares of the information technology services provider’s stock after buying an additional 223 shares during the quarter. LPL Financial LLC’s holdings in Globant were worth $1,719,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of Globant by 1,068.8% during the 3rd quarter. IFP Advisors Inc now owns 187 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 171 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Globant during the 1st quarter valued at $72,000. Huntington National Bank boosted its position in Globant by 60.0% during the 3rd quarter. Huntington National Bank now owns 416 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 156 shares during the period. Loomis Sayles & Co. L P boosted its position in Globant by 22.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 468 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 85 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Globant by 268.5% in the 1st quarter. Lazard Asset Management LLC now owns 678 shares of the information technology services provider’s stock worth $177,000 after buying an additional 494 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on GLOB. KeyCorp lowered their price objective on shares of Globant from $211.00 to $201.00 in a research report on Friday, May 19th. Piper Sandler lifted their target price on shares of Globant from $204.00 to $207.00 in a research note on Friday, May 19th. Cowen cut their price target on shares of Globant from $207.00 to $192.00 in a report on Friday, February 17th. HSBC began coverage on shares of Globant in a report on Thursday, February 2nd. They issued a “buy” rating and a $240.00 target price on the stock. Finally, StockNews.com began coverage on shares of Globant in a report on Thursday, May 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Globant currently has an average rating of “Moderate Buy” and a consensus price target of $216.44.
Globant Trading Down 0.9 %
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.
- Get a free copy of the StockNews.com research report on Globant (GLOB)
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