Associated Banc Corp Buys New Stake in Globant S.A. (NYSE:GLOB)

Associated Banc Corp purchased a new position in shares of Globant S.A. (NYSE:GLOB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,137 shares of the information technology services provider’s stock, valued at approximately $225,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Globant by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider’s stock valued at $22,681,000 after acquiring an additional 8,267 shares during the period. PEAK6 Investments LLC purchased a new position in shares of Globant in the first quarter valued at approximately $858,000. BOKF NA grew its holdings in shares of Globant by 15,800.0% in the first quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 158 shares in the last quarter. Janus Henderson Group PLC increased its stake in Globant by 17.6% during the 1st quarter. Janus Henderson Group PLC now owns 16,906 shares of the information technology services provider’s stock worth $3,414,000 after buying an additional 2,529 shares during the period. Finally, Swedbank AB acquired a new stake in Globant during the 1st quarter worth approximately $9,974,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Stock Down 0.0 %

NYSE:GLOB opened at $230.93 on Wednesday. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50. The company has a market capitalization of $9.95 billion, a PE ratio of 60.30, a P/E/G ratio of 2.80 and a beta of 1.39. The stock’s 50 day moving average price is $212.20 and its 200 day moving average price is $192.98.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a research report on Sunday. Citigroup upped their price target on Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Scotiabank increased their price target on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Globant in a report on Thursday, August 22nd. They issued a “hold” rating and a $210.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $229.06.

About Globant

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.