Gluskin Sheff & Assoc Inc Trimmed Its Position in Globant S A (NYSE:GLOB) by $10.67 Million

May 17, 2018 - By Stacey Dunning

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 is positive. 28 rose holdings while 15 funds bought holdings. Funds hold 21.90 million shares thus 0.88% less from 2017Q3’s 22.09 million shares. Contravisory Inv invested in 0% or 17 shs. Denver Investment Advsr Ltd Limited Liability Company holds 0.04% or 16,326 shs in its capital. World Investors holds 0.03% of its capital in Globant S.A. (NYSE:GLOB) for 3.00M shs. Deutsche Comml Bank Ag stated it has 0% in Globant S.A. (NYSE:GLOB). Blackrock Incorporated owns 233,420 shs. Axa reported 167,400 shs. Rwc Asset Management Limited Liability Partnership has invested 1.92% in Globant S.A. (NYSE:GLOB). Parkside Savings Bank And Tru holds 1,269 shs. Legal & General Grp Plc owns 2,900 shs. Federated Investors Pa reported 0.02% stake. Price T Rowe Associates Incorporated Md has invested 0% in Globant S.A. (NYSE:GLOB). Barclays Public Ltd owns 1,546 shs for 0% of their capital. Wasatch Advsrs Inc has 0.53% invested in Globant S.A. (NYSE:GLOB). Stifel has 0% invested in Globant S.A. (NYSE:GLOB). Morgan Stanley accumulated 3.03M shs or 0.04% of the stock.

Gluskin Sheff & Assoc Inc’s stake in Globant S A (NYSE:GLOB) is decreased by 47.91% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock Popped Up 14.76% while Gluskin Sheff & Assoc Inc sold 209,213 shares. The edp services company at the end of 2018Q1 was valued at $11.72M. It’s down from 436,634 at the end of the previous reported quarter. Now it had 227,421 shares held by the institutional investor . $1.85B is the market cap of Globant S A. GLOB reached $50.9 during the last trading session after $0.44 change.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. GLOB outperformed the S&P500 by 31.03%.

According to a filing Gluskin Sheff & Assoc Inc increased its stake in Bce Inc (NYSE:BCE) by 1.05M shares to 1.07 million shares, valued at $46.24 million in 2018Q1. The fund manages about $7.77B and $1.84B US Long portfolio. For a total of 1.02M 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”. 75% are bullish. With $55.0 highest and $48 lowest price target Globant SA has $52.33 average price target or 2.81% above the current ($50.9) price. 4 are the (NYSE:GLOB)’s analyst reports since January 26, 2018 according to StockzIntelligence Inc. On Tuesday, February 20 the company was maintained by JP Morgan. On Friday, January 26 the rating was maintained by Cowen & Co with “Buy”. On Wednesday, April 4 the firm has “Buy” rating by SunTrust given.

Globant S.A. develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia.The firm is worth $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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