63,780 Shares in Globant S.A. (NYSE:GLOB) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,780 shares of the information technology services provider's stock, valued at approximately $12,637,000. Public Employees Retirement System of Ohio owned 0.15% of Globant at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GLOB. Cetera Advisors LLC acquired a new position in shares of Globant in the 1st quarter valued at $297,000. Envestnet Portfolio Solutions Inc. increased its stake in Globant by 9.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,605 shares of the information technology services provider's stock worth $1,712,000 after acquiring an additional 807 shares during the last quarter. 17 Capital Partners LLC raised its holdings in shares of Globant by 1.6% in the 2nd quarter. 17 Capital Partners LLC now owns 3,455 shares of the information technology services provider's stock worth $616,000 after purchasing an additional 55 shares during the period. Blue Trust Inc. raised its holdings in shares of Globant by 17.9% in the 2nd quarter. Blue Trust Inc. now owns 831 shares of the information technology services provider's stock worth $148,000 after purchasing an additional 126 shares during the period. Finally, Sara Bay Financial lifted its stake in shares of Globant by 1.6% in the 2nd quarter. Sara Bay Financial now owns 43,585 shares of the information technology services provider's stock valued at $7,769,000 after purchasing an additional 670 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Price Performance

GLOB traded down $0.82 during trading on Thursday, hitting $219.68. The company had a trading volume of 415,265 shares, compared to its average volume of 479,852. The business has a 50-day moving average of $218.91 and a 200-day moving average of $196.91. The company has a market cap of $9.47 billion, a PE ratio of 57.36, a P/E/G ratio of 2.83 and a beta of 1.37. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $251.50.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp raised their price target on shares of Globant from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Jefferies Financial Group raised their target price on shares of Globant from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price target on shares of Globant from $237.00 to $248.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft started coverage on Globant in a research note on Thursday, August 22nd. They set a "hold" rating and a $210.00 price objective on the stock. Finally, StockNews.com upgraded Globant from a "sell" rating to a "hold" rating in a research note on Sunday, November 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $229.00.

Globant Company 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.