Gluskin Sheff & Assoc Inc Trimmed Globant S A (NYSE:GLOB) Position by $10.67 Million as Price Rose

May 17, 2018 - By Benjamin Allen

Globant S.A. (NYSE:GLOB) Corporate LogoBig Money Sentiment increased to 1.23 in 2017 Q4. It has change of 0.21, from 2017Q3’s 1.02. The ratio improved due to GLOB positioning: 10 sold and 25 reduced. 15 funds took stakes and 28 increased stakes. Investors holded 22.09 million in 2017Q3 but now own 21.90 million shares or 0.88% less. Millennium Ltd Liability Corp reported 0.04% in Globant S.A. (NYSE:GLOB). Stifel accumulated 16,444 shs or 0% of the stock. Oppenheimer Asset Mngmt reported 52,664 shs. Goldman Sachs Gp Inc holds 23,940 shs. Moreover, Wasatch Advisors Inc has 0.53% invested in Globant S.A. (NYSE:GLOB). Shannon River Fund Mgmt Limited Liability owns 98,259 shs for 1.1% of their capital. Carroll Finance Associates owns 151 shs. Amundi Pioneer Asset Management reported 0.01% stake. J Goldman And Com Ltd Partnership has invested 0.04% in Globant S.A. (NYSE:GLOB). Bell National Bank holds 6,319 shs. 2,739 are held by Bancorporation Of Montreal Can. Stephens Grp Inc Ltd stated it has 231,895 shs. Sei Invests Co owns 4,597 shs. Art Advsrs Ltd Llc, a New York-based fund reported 9,385 shs. Blackrock Inc reported 233,420 shs.

Gluskin Sheff & Assoc Inc’s stake in Globant S A (NYSE:GLOB) is reduced by 47.91% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 14.76% while stock markets declined as Gluskin Sheff & Assoc Inc sold 209,213 shares. At the end of 2018Q1, the institutional investor held 227,421 shares of the edp services company, priced at $11.72 million, down from 436,634 at the end of the previous reported quarter. $1.85B is the market cap of Globant S A. GLOB is hitting $50.9 during the last trading session, after increased 0.87%.Globant S.A. is uptrending after having risen 42.58% since May 17, 2017. GLOB has 444,443 volume or 27.40% up from normal. GLOB outperformed by 31.03% the S&P500.

According to a filing Gluskin Sheff & Assoc Inc increased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 115,231 shares to 395,231 shares, valued at $43.46M in 2018Q1. The fund operates about $7.77B and $1.84 billion US Long portfolio. Gluskin Sheff & Assoc Inc has risen its stake in Pfizer Inc (NYSE:PFE) and also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 307,960 shares in the quarter, for a total of 310,960 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

A total of 4 analysts rate Globant SA (NYSE:GLOB) as follows: 3 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 75% are bullish. The firm has $55.0 highest and $48 lowest target. The avg target $52.33 is 2.81% above the last ($50.9) price. (NYSE:GLOB) has 4 ratings reports on May 17, 2018 according to StockzIntelligence. On Wednesday, April 4 the stock of Globant S.A. (NYSE:GLOB) earned “Buy” rating by SunTrust. On Tuesday, February 20 the stock of Globant S.A. (NYSE:GLOB) earned “Overweight” rating by JP Morgan. On Friday, January 26 the rating was maintained by Cowen & Co with “Buy”.

Globant S.A. develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia.The company has $1.85 billion market cap. 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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