As Globant S A (NYSE:GLOB) Price Rose, Shareholder Gluskin Sheff & Assoc Inc Lowered Position by $10.67 Million

May 17, 2018 - By Sheila Pollock

Globant S.A. (NYSE:GLOB) Corporate LogoBig Money Sentiment increased to 1.23 in Q4 2017. It has change of 0.21, from 2017Q3’s 1.02. The ratio is positive due to GLOB positioning: 10 sold and 25 reduced. 15 funds acquired stakes and 28 increased stakes. Investors holded 22.09 million in 2017Q3 but now own 21.90 million shares or 0.88% less. Waddell And Reed Financial Incorporated holds 1.59M shs. Pnc Financial Serv Gru has 4,317 shs for 0% of their capital. Axa has 167,400 shs. Renaissance Technology Ltd Liability has invested 0% in Globant S.A. (NYSE:GLOB). 68,295 are held by Blair William Il. Stifel Finance has invested 0% in Globant S.A. (NYSE:GLOB). Tower Rech Ltd Company (Trc) holds 920 shs or 0.01% of its capital. Morgan Stanley owns 0.04% invested in Globant S.A. (NYSE:GLOB) for 3.03 million shs. Shannon River Fund Mgmt Ltd Liability Com owns 98,259 shs for 1.1% of their capital. Fred Alger Management Inc owns 465,215 shs or 0.1% of their US capital. Moreover, Thornburg Inv Inc has 0.08% invested in Globant S.A. (NYSE:GLOB) for 240,586 shs. Glob X Mngmt Lc has 130,622 shs for 0.14% of their capital. California Public Employees Retirement Sys stated it has 6,188 shs. Fdx Advsrs stated it has 0.01% of its capital in Globant S.A. (NYSE:GLOB). Rwc Asset Mngmt Limited Liability Partnership reported 1.92% in Globant S.A. (NYSE:GLOB).

Gluskin Sheff & Assoc Inc reduced its stake by 47.91% in Globant S A (NYSE:GLOB), according to 2018Q1 SEC filling. 209,213 shares were sold by Gluskin Sheff & Assoc Inc as the company’s stock rose 14.76% while stock markets declined. At the end of 2018Q1, the 227,421 shares of the edp services company held by the institutional investor were valued at $11.72 million, down from 436,634 at the end of the previous reported quarter. $1.85 billion is Globant S A’s MC. 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 by 31.03% the S&P 500.

A portfolio of $7.77 billion and $1.84 billion is managed by Gluskin Sheff & Assoc Inc. As it’s [published] in SEC filling the stake in Bce Inc (NYSE:BCE) is rose by 1.05M shares to 1.07M shares. They are valued at $46.24M in 2018Q1. Gluskin Sheff & Assoc Inc has risen its stake in Royal Bk Cda Montreal Que (NYSE:RY) and also increased its holding in Pfizer Inc (NYSE:PFE) by 319,600 shares in the quarter, for a total of 1.02 million shares.

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

Total analysts of 4 have positions in Globant SA (NYSE:GLOB) as follows: 3 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 75%. The firm has $55.0 highest while $48 is the lowest target. The average target $52.33 is 2.81% above the last ($50.9) price. Since January 26, 2018 according to StockzIntelligence Inc Globant SA has 4 analyst reports. On Friday, January 26 the company was maintained by Cowen & Co. On Tuesday, February 20 the firm has “Overweight” rating by JP Morgan given. On Wednesday, April 4 the rating was upgraded by SunTrust to “Buy”.

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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