Aviva PLC increased its stake in shares of Globant SA (NYSE:GLOB) by 21.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 271,255 shares of the technology company’s stock after purchasing an additional 46,025 shares during the quarter. Aviva PLC owned approximately 0.16% of Globant worth $10,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aperio Group LLC increased its position in shares of Globant by 42.9% during the 3rd quarter. Aperio Group LLC now owns 120,604 shares of the technology company’s stock valued at $4,394,000 after acquiring an additional 34,225 shares during the period. Legal & General Group Plc increased its position in shares of Globant by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 255,561 shares of the technology company’s stock valued at $9,283,000 after acquiring an additional 3,666 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Globant by 5.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,870 shares of the technology company’s stock valued at $1,870,000 after acquiring an additional 2,793 shares during the period. Renaissance Technologies LLC increased its position in shares of Globant by 6.0% during the 3rd quarter. Renaissance Technologies LLC now owns 383,800 shares of the technology company’s stock valued at $18,136,000 after acquiring an additional 21,300 shares during the period. Finally, Carmignac Gestion increased its position in shares of Globant by 89.3% during the 3rd quarter. Carmignac Gestion now owns 16,520 shares of the technology company’s stock valued at $656,000 after acquiring an additional 7,540 shares during the period. Institutional investors and hedge funds own 53.46% of the company’s stock.

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Shares of Globant SA (NYSE:GLOB) opened at $33.20 on Monday. Globant SA has a 12 month low of $18.19 and a 12 month high of $35.40.

A number of research firms have recently commented on GLOB. Citigroup cut their price objective on Globant from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. DA Davidson began coverage on Globant in a research note on Thursday, December 6th. They issued a “buy” rating and a $33.00 price objective for the company. Finally, ValuEngine cut Globant from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $33.00.

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About Globant

Globant SA provides software solutions to software developers in the technology, banking, and information industry in Germany, Switzerland, China, and elsewhere. It operates through European Technology, Banking, and Information segments. The company offers business process software solutions, such as Business Process Platform, Business Process Software, Data Publishing, Engagement Management, Support and Certification, Support and Operations Support, Support and Training, Relationship Management, Site-to-Cloud Platform, Configuration Automation, Information Technology Administration, Data Management, Test automation, Continuous Improvement, Software Partnering, Outsourcing, Sourcing, Research and Design, Systems Integration and Consulting, Software Ecosystem Development, and Job Analysis and Demand Management.

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