Principal Financial Group Inc. Has $2.78 Million Position in American Noble Gas Inc. (NYSE:INFY)

Principal Financial Group Inc. boosted its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 272.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,443 shares of the technology company's stock after purchasing an additional 111,553 shares during the quarter. Principal Financial Group Inc.'s holdings in American Noble Gas were worth $2,782,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INFY. Rakuten Securities Inc. lifted its position in shares of American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after acquiring an additional 1,067 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in shares of American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after acquiring an additional 928 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of American Noble Gas by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after acquiring an additional 1,279 shares during the period. Fairtree Asset Management Pty Ltd bought a new position in shares of American Noble Gas during the fourth quarter valued at $130,000. Finally, GAMMA Investing LLC lifted its holdings in shares of American Noble Gas by 32.4% during the first quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock valued at $109,000 after acquiring an additional 1,455 shares during the period. Institutional investors own 16.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on INFY. The Goldman Sachs Group cut American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a report on Monday, April 21st. BMO Capital Markets dropped their price target on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Stifel Nicolaus dropped their price target on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.73.

American Noble Gas Stock Performance

INFY traded up $0.06 on Tuesday, hitting $18.25. 18,851,152 shares of the company were exchanged, compared to its average volume of 9,920,259. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The company has a market cap of $75.60 billion, a PE ratio of 24.01, a PEG ratio of 2.73 and a beta of 0.97. The stock's fifty day moving average is $18.41 and its 200-day moving average is $19.18.

About American Noble Gas

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.