Zurcher Kantonalbank Zurich Cantonalbank Acquires Shares of 56,248 Globant S.A. (NYSE:GLOB)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Globant S.A. (NYSE:GLOB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,248 shares of the information technology services provider’s stock, valued at approximately $11,145,000. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of Globant as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GLOB. Creative Planning raised its position in Globant by 20.5% in the 3rd quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock worth $409,000 after buying an additional 351 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Globant by 7.9% during the first quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider’s stock valued at $22,681,000 after purchasing an additional 8,267 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Globant by 1,079.8% during the first quarter. Cetera Investment Advisers now owns 20,140 shares of the information technology services provider’s stock valued at $4,066,000 after purchasing an additional 18,433 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Globant by 97.4% during the second quarter. Brown Brothers Harriman & Co. now owns 154,538 shares of the information technology services provider’s stock valued at $27,548,000 after purchasing an additional 76,256 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Globant in the second quarter worth approximately $1,319,000. Institutional investors own 91.60% of the company’s stock.

Globant Trading Down 0.8 %

NYSE GLOB opened at $227.76 on Friday. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50. The stock has a market cap of $9.81 billion, a PE ratio of 59.47, a P/E/G ratio of 2.83 and a beta of 1.39. The stock’s 50 day moving average is $214.47 and its 200 day moving average is $193.99.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GLOB shares. TD Cowen boosted their target price on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp raised their target price on Globant from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. UBS Group reaffirmed a “neutral” rating and set a $235.00 price target (up previously from $225.00) on shares of Globant in a research report on Tuesday, August 20th. Citigroup raised their price objective on shares of Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Jefferies Financial Group upped their target price on shares of Globant from $235.00 to $240.00 and gave the company a “buy” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $229.06.

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.