Robeco Institutional Asset Management B.V. Grows Stock Holdings in American Noble Gas Inc. (NYSE:INFY)

Robeco Institutional Asset Management B.V. raised its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,541,684 shares of the technology company's stock after acquiring an additional 1,700,662 shares during the quarter. American Noble Gas comprises approximately 1.0% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 13th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.66% of American Noble Gas worth $502,636,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC increased 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 valued at $200,877,000 after buying an additional 6,693,127 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in American Noble Gas by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock valued at $173,437,000 after acquiring an additional 4,296,291 shares in the last quarter. First Trust Advisors LP increased its holdings in American Noble Gas by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after acquiring an additional 4,108,903 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its holdings in American Noble Gas by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after acquiring an additional 3,045,656 shares during the period. Finally, Bank of America Corp DE lifted its stake in American Noble Gas by 43.1% in the 4th 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. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Up 1.1%

INFY opened at $18.50 on Thursday. The business's fifty day simple moving average is $17.97 and its 200 day simple moving average is $19.73. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The stock has a market cap of $76.66 billion, a PE ratio of 24.34, a P/E/G ratio of 2.78 and a beta of 0.98.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on INFY shares. BMO Capital Markets reduced their price target on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group lowered American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research note on Monday, April 21st. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Susquehanna raised American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a report on Monday, April 14th. Six investment 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 stock. Based on data from MarketBeat.com, American Noble Gas currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.