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

May 17, 2018 - By Madeline Delgado

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 increased stakes while 15 funds amassed stakes. Funds hold 21.90 million shares thus 0.88% less from 2017Q3’s 22.09 million shares. Axa has invested 0.03% of its capital in Globant S.A. (NYSE:GLOB). Hood River Capital Mngmt Limited Liability Corp accumulated 382,135 shs. Fmr Limited Com has invested 0% in Globant S.A. (NYSE:GLOB). 72,725 are owned by Parametric Port Assocs Limited Co. 920 were accumulated by Tower Rech Cap Ltd Liability (Trc). Blackrock reported 233,420 shs. Invesco Ltd stated it has 0% in Globant S.A. (NYSE:GLOB). Royal Bank Of Canada holds 8,590 shs. Price T Rowe Associate Md reported 0% stake. Parkside National Bank & Tru stated it has 1,269 shs. Thornburg Management Incorporated stated it has 240,586 shs. The Us-based Grandeur Peak Glob Advsr Ltd Com has invested 2.8% in Globant S.A. (NYSE:GLOB). Greenleaf holds 0% of its capital in Globant S.A. (NYSE:GLOB) for 702 shs. Envestnet Asset Mgmt stated it has 42,872 shs. Bancorp Of Montreal Can has invested 0% in Globant S.A. (NYSE:GLOB).

In 2018Q1 SEC filling is reported Gluskin Sheff & Assoc Inc’s stake in Globant S A (NYSE:GLOB) which was reduced by 47.91%. By selling 209,213 shares Gluskin Sheff & Assoc Inc made the stock Popped Up with 14.76%. The edp services company announced $11.72 million value for the 2018Q1. Now the institutional investor is holding 227,421 shares, compared to the 436,634 from the previous quarter. $1.85 billion is Globant S A’s MC. GLOB is reaching $50.9 during the last trading session, after increased 0.87%.Globant S.A. has 444,443 shares volume, 27.40% up from normal. GLOB is uptrending and has moved 42.58% since May 17, 2017. The stock outperformed the S&P 500 by 31.03%.

A portfolio of $7.77B and $1.84 billion is managed by Gluskin Sheff & Assoc Inc. As it’s [published] in SEC filling the stake in Pfizer Inc (NYSE:PFE) is increased by 319,600 shares to 1.02M shares. They are valued at $36.09 million in 2018Q1. Gluskin Sheff & Assoc Inc has risen its stake in Bce Inc (NYSE:BCE) and also increased its holding in Royal Bk Cda Montreal Que (NYSE:RY) by 694,443 shares in the quarter, for a total of 775,736 shares.

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

A total of 4 analysts rate Globant SA (NYSE:GLOB) as follows: 3 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 75% are bullish. The firm has $55.0 highest and $48 lowest target. The avg target $52.33 is 2.81% above the last ($50.9) price. (NYSE:GLOB) has 4 ratings reports on May 17, 2018 according to StockzIntelligence. On Tuesday, February 20 the company was maintained by JP Morgan. On Friday, January 26 the rating was maintained by Cowen & Co with “Buy”. The stock rating was upgraded by SunTrust to “Buy” on Wednesday, April 4.

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.59.19 is the P/E ratio. 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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