Barclays PLC Buys 12,862 Shares of Globant S.A. (NYSE:GLOB)

Barclays PLC lifted its stake in shares of Globant S.A. (NYSE:GLOB) by 132.9% in the third quarter, Holdings Channel.com reports. The fund owned 22,537 shares of the information technology services provider’s stock after acquiring an additional 12,862 shares during the quarter. Barclays PLC’s holdings in Globant were worth $4,467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in Globant by 1,817.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,509,853 shares of the information technology services provider’s stock valued at $299,162,000 after purchasing an additional 1,431,112 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Globant by 57.5% during the second quarter. Dimensional Fund Advisors LP now owns 442,312 shares of the information technology services provider’s stock worth $78,851,000 after buying an additional 161,512 shares during the period. Sei Investments Co. raised its stake in Globant by 43.4% during the second quarter. Sei Investments Co. now owns 512,916 shares of the information technology services provider’s stock worth $91,432,000 after buying an additional 155,112 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Globant by 89.9% in the second quarter. The Manufacturers Life Insurance Company now owns 266,184 shares of the information technology services provider’s stock valued at $47,450,000 after buying an additional 126,030 shares during the period. Finally, Millennium Management LLC boosted its position in Globant by 84.8% during the second quarter. Millennium Management LLC now owns 261,270 shares of the information technology services provider’s stock valued at $46,574,000 after acquiring an additional 119,860 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GLOB. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a research note on Sunday, November 24th. Piper Sandler dropped their price target on Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group raised their price objective on shares of Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Scotiabank boosted their target price on shares of Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 19th. Finally, Susquehanna initiated coverage on shares of Globant in a report on Tuesday, December 17th. They issued a “positive” rating and a $255.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.44.

Globant Trading Down 0.8 %

Shares of NYSE:GLOB opened at $221.49 on Friday. The stock has a market cap of $9.54 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 2.72 and a beta of 1.37. The stock’s fifty day simple moving average is $221.29 and its two-hundred day simple moving average is $199.83. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $251.50.

Globant Profile

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.