Natixis Advisors LLC Acquires 3,142 Shares of Globant S.A. (NYSE:GLOB)

Natixis Advisors LLC raised its stake in shares of Globant S.A. (NYSE:GLOB) by 30.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,468 shares of the information technology services provider’s stock after purchasing an additional 3,142 shares during the period. Natixis Advisors LLC’s holdings in Globant were worth $2,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP raised its stake in Globant by 529.6% during the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after buying an additional 143 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of Globant in the 2nd quarter valued at about $31,000. BOKF NA lifted its stake in shares of Globant by 15,800.0% in the 1st 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 during the period. ORG Partners LLC boosted its position in shares of Globant by 65.5% during the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Finally, American National Bank & Trust grew its stake in Globant by 430.2% during the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 185 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Globant from a “sell” rating to a “hold” rating in a research note on Sunday. Piper Sandler decreased their price target on shares of Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. TD Cowen increased their price objective on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Scotiabank boosted their target price on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $229.06.

Globant Price Performance

Shares of NYSE:GLOB opened at $229.25 on Monday. The company has a market capitalization of $9.88 billion, a PE ratio of 59.86, a price-to-earnings-growth ratio of 2.72 and a beta of 1.39. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50. The business has a fifty day moving average price of $210.75 and a two-hundred day moving average price of $192.16.

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.