American Noble Gas Inc. (NYSE:INFY) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 46.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,592 shares of the technology company's stock after purchasing an additional 41,592 shares during the quarter. Handelsbanken Fonder AB's holdings in American Noble Gas were worth $2,402,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. First Trust Advisors LP lifted its position in shares of American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after purchasing an additional 4,108,903 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of American Noble Gas by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock worth $318,221,000 after purchasing an additional 102,341 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of American Noble Gas by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after purchasing an additional 229,482 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after purchasing an additional 6,693,127 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of American Noble Gas by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after purchasing an additional 2,478,093 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. CLSA upgraded shares of American Noble Gas from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Susquehanna upgraded shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research note on Monday, April 14th. The Goldman Sachs Group downgraded shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a research note on Monday, April 21st. Finally, Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.48.

American Noble Gas Stock Performance

INFY stock traded down $0.08 during midday trading on Tuesday, reaching $18.68. 10,128,888 shares of the company were exchanged, compared to its average volume of 9,780,187. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The stock's 50-day simple moving average is $17.83 and its 200 day simple moving average is $19.89. The company has a market cap of $77.38 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter last year, the company earned $0.23 earnings per share. On average, research analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

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.