Bank Julius Baer & Co. Ltd Zurich Has $66.37 Million Stake in American Noble Gas Inc. (NYSE:INFY)

Bank Julius Baer & Co. Ltd Zurich increased its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,377,546 shares of the technology company's stock after acquiring an additional 149,335 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.08% of American Noble Gas worth $66,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank Pictet & Cie Europe AG raised its stake in shares of American Noble Gas by 71.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock worth $391,000 after acquiring an additional 7,457 shares during the last quarter. Raymond James Financial Inc. acquired a new position in American Noble Gas during the fourth quarter valued at approximately $1,286,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of American Noble Gas during the fourth quarter worth $361,000. Whittier Trust Co. of Nevada Inc. grew its position in American Noble Gas by 158.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,798 shares of the technology company's stock valued at $215,000 after purchasing an additional 6,003 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in American Noble Gas by 31.3% in the fourth quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock valued at $100,920,000 after acquiring an additional 1,097,105 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on INFY. The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a report on Monday, April 21st. Stifel Nicolaus cut their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets reduced their price objective on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, Susquehanna upped their price objective on shares of American Noble Gas from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.73.

American Noble Gas Price Performance

INFY stock traded up $0.00 during midday trading on Tuesday, reaching $18.19. The company had a trading volume of 4,829,927 shares, compared to its average volume of 9,863,050. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The company has a market capitalization of $75.38 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.74 and a beta of 0.97. The firm has a 50-day moving average price of $18.41 and a 200-day moving average price of $19.18.

American Noble Gas Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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