Fisher Asset Management LLC Purchases 1,343 Shares of Globant S.A. (NYSE:GLOB)

Fisher Asset Management LLC lifted its stake in Globant S.A. (NYSE:GLOB) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,591 shares of the information technology services provider’s stock after acquiring an additional 1,343 shares during the quarter. Fisher Asset Management LLC owned 0.06% of Globant worth $5,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Cerity Partners LLC grew its stake in shares of Globant by 31.0% in the third quarter. Cerity Partners LLC now owns 15,022 shares of the information technology services provider’s stock worth $2,977,000 after acquiring an additional 3,556 shares during the period. Icon Wealth Advisors LLC grew its stake in shares of Globant by 795.3% in the third quarter. Icon Wealth Advisors LLC now owns 28,613 shares of the information technology services provider’s stock worth $5,669,000 after acquiring an additional 25,417 shares during the period. Investidor Profissional Gestao de Recursos Ltda. grew its stake in shares of Globant by 109.8% in the third quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 39,595 shares of the information technology services provider’s stock worth $7,845,000 after acquiring an additional 20,725 shares during the period. TrinityPoint Wealth LLC bought a new stake in shares of Globant in the third quarter worth approximately $208,000. Finally, Natixis Advisors LLC grew its stake in shares of Globant by 30.4% in the third quarter. Natixis Advisors LLC now owns 13,468 shares of the information technology services provider’s stock worth $2,669,000 after acquiring an additional 3,142 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Globant Price Performance

Shares of NYSE GLOB opened at $229.55 on Friday. The firm has a fifty day moving average price of $213.69 and a 200-day moving average price of $193.49. The stock has a market cap of $9.89 billion, a PE ratio of 59.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GLOB. UBS Group reiterated a “neutral” rating and issued a $235.00 price target (up from $225.00) on shares of Globant in a research note on Tuesday, August 20th. KeyCorp upped their target price on shares of Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Globant in a report on Thursday, August 22nd. They set a “hold” rating and a $210.00 target price for the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $205.00 target price on shares of Globant in a report on Monday, November 18th. Finally, Needham & Company LLC upped their target price on shares of Globant from $245.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.