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

May 17, 2018 - By Lisa Delgado

Globant S.A. (NYSE:GLOB) Corporate LogoBig Money Sentiment increased to 1.23 in 2017 Q4. It has change of 0.21, from 2017Q3’s 1.02. The ratio increased due to GLOB positioning: 10 sold and 25 reduced. 15 funds amassed stakes and 28 increased stakes. Investors holded 22.09 million in 2017Q3 but now own 21.90 million shares or 0.88% less. Rwc Asset Llp has invested 1.92% of its capital in Globant S.A. (NYSE:GLOB). Barclays Public Limited Liability Corporation owns 1,546 shs. 549,633 were reported by Millennium Management Ltd Liability Co. Riverbridge Ltd Llc holds 1.36% or 1.51M shs in its capital. Gluskin Sheff And Assoc invested in 1.06% or 436,634 shs. Renaissance Technology Ltd Liability holds 29,800 shs or 0% of its capital. Legal & General Gp Pcl has invested 0% in Globant S.A. (NYSE:GLOB). Susquehanna Gp Llp owns 22,693 shs. Hood River stated it has 1.03% of its capital in Globant S.A. (NYSE:GLOB). Capital Ww Investors holds 3.00 million shs or 0.03% of its capital. Blair William Il has 68,295 shs for 0.02% of their capital. Art Advisors Limited Liability Company accumulated 0.02% or 9,385 shs. Bancorp Of New York Mellon holds 0% or 11,948 shs in its capital. Gilder Gagnon Howe Ltd Liability Company accumulated 416,953 shs. Adage Cap Partners Grp Incorporated Limited stated it has 30,000 shs or 0% of all its holdings.

Gluskin Sheff & Assoc Inc’s stake in Globant S A (NYSE:GLOB) is reduced by 47.91% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 14.76% while stock markets declined as Gluskin Sheff & Assoc Inc sold 209,213 shares. The institutional investor is holding 227,421 shares, compared to the 436,634 from the previous quarter. And the announced value of the edp services company is $11.72M for the 2018Q1. $1.85 billion 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.

Gluskin Sheff & Assoc Inc increased its stake in Microsoft Corp (NASDAQ:MSFT) by 307,960 shares to 310,960 shares, valued at $28.38M in 2018Q1, according to the filing. It manages about $7.77 billion and $1.84 billion US Long portfolio. For a total of 1.02 million shares it increased its holding in Pfizer Inc (NYSE:PFE) by 319,600 shares in the quarter, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

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

In total 4 analysts cover Globant SA (NYSE:GLOB). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. (NYSE:GLOB) has 75% bullish analysts. With $55.0 highest and $48 lowest PT, Globant SA has $52.33 average PT or 2.81% above the current ($50.9) price. 4 are the (NYSE:GLOB)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Friday, January 26 the firm has “Buy” rating given by Cowen & Co. In Tuesday, February 20 report JP Morgan maintained the stock with “Overweight” rating. On Wednesday, April 4 SunTrust upgraded Globant S.A. (NYSE:GLOB) to “Buy” rating.

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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