Oppenheimer Asset Management Inc. raised its holdings in Globant SA (NYSE:GLOB) by 2,720.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,664 shares of the information technology services provider’s stock after buying an additional 50,797 shares during the period. Oppenheimer Asset Management Inc. owned about 0.15% of Globant worth $2,110,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GLOB. Riverbridge Partners LLC raised its stake in Globant by 63.5% in the third quarter. Riverbridge Partners LLC now owns 1,625,091 shares of the information technology services provider’s stock valued at $65,117,000 after buying an additional 631,089 shares during the period. Koch Industries Inc. acquired a new position in shares of Globant in the second quarter valued at approximately $376,000. JPMorgan Chase & Co. grew its position in shares of Globant by 13.1% in the second quarter. JPMorgan Chase & Co. now owns 2,580,601 shares of the information technology services provider’s stock valued at $112,101,000 after purchasing an additional 297,985 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Globant in the second quarter valued at approximately $9,359,000. Finally, Gluskin Sheff & Assoc Inc. grew its position in shares of Globant by 54.8% in the third quarter. Gluskin Sheff & Assoc Inc. now owns 363,794 shares of the information technology services provider’s stock valued at $14,577,000 after purchasing an additional 128,794 shares during the last quarter. Hedge funds and other institutional investors own 65.26% of the company’s stock.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Globant from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Globant in a research report on Friday, November 17th. KeyCorp reaffirmed a “hold” rating on shares of Globant in a research report on Friday, November 3rd. BidaskClub downgraded Globant from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, SunTrust Banks reaffirmed a “hold” rating on shares of Globant in a research report on Sunday, October 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.83.

Shares of Globant SA (GLOB) traded up $1.64 during trading hours on Tuesday, reaching $40.75. The company had a trading volume of 371,600 shares, compared to its average volume of 252,150. The firm has a market capitalization of $1,372.76, a P/E ratio of 45.48 and a beta of 0.83. Globant SA has a 1-year low of $30.90 and a 1-year high of $47.51.

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Globant Profile

Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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