Globant S.A. (NYSE:GLOB) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in Globant S.A. (NYSE:GLOB - Free Report) by 27.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,586 shares of the information technology services provider's stock after buying an additional 8,743 shares during the period. Janus Henderson Group PLC owned about 0.09% of Globant worth $8,039,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Globant by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider's stock worth $22,681,000 after purchasing an additional 8,267 shares during the period. Cetera Advisors LLC purchased a new position in shares of Globant during the 1st quarter worth about $297,000. D.B. Root & Company LLC purchased a new position in shares of Globant during the 2nd quarter worth about $302,000. Border to Coast Pensions Partnership Ltd boosted its stake in shares of Globant by 101.2% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 111,259 shares of the information technology services provider's stock worth $19,839,000 after purchasing an additional 55,954 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Globant by 9.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,605 shares of the information technology services provider's stock worth $1,712,000 after purchasing an additional 807 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Globant Stock Down 1.0 %

Shares of GLOB traded down $2.29 during mid-day trading on Monday, hitting $227.44. 484,625 shares of the company traded hands, compared to its average volume of 480,396. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $251.50. The company has a market capitalization of $9.80 billion, a PE ratio of 59.38, a price-to-earnings-growth ratio of 2.83 and a beta of 1.37. The business has a 50 day moving average of $218.00 and a 200 day moving average of $196.35.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup lifted their price target on shares of Globant from $240.00 to $251.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. StockNews.com raised shares of Globant from a "sell" rating to a "hold" rating in a research note on Sunday, November 24th. JPMorgan Chase & Co. lifted their price objective on shares of Globant from $237.00 to $248.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. KeyCorp lifted their price objective on shares of Globant from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Finally, TD Cowen lifted their price objective on shares of Globant from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 15th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $229.00.

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.