Aperio Group LLC decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,888 shares of the information technology services provider’s stock after selling 1,947 shares during the period. Aperio Group LLC’s holdings in Gartner were worth $2,474,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Gartner by 466.7% during the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after acquiring an additional 798 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of Gartner during the second quarter worth about $124,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Gartner by 9.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after acquiring an additional 103 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of Gartner by 20.0% during the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after acquiring an additional 200 shares during the last quarter. Finally, Noesis Capital Mangement Corp bought a new position in shares of Gartner during the second quarter worth about $203,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.
IT has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “top pick” rating and issued a $142.00 target price (up previously from $130.00) on shares of Gartner in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Wednesday, July 19th. Cantor Fitzgerald reiterated a “buy” rating and issued a $139.00 target price on shares of Gartner in a research report on Thursday, November 2nd. Morgan Stanley upped their price target on shares of Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $137.00 price target on shares of Gartner in a report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $132.60.
Gartner, Inc. (IT) opened at $117.48 on Monday. Gartner, Inc. has a twelve month low of $90.37 and a twelve month high of $130.02. The company has a market capitalization of $10,649.68, a P/E ratio of 37.90, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38.
Gartner (NYSE:IT) last released its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.13. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The firm had revenue of $828.09 million for the quarter, compared to the consensus estimate of $826.09 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The firm’s revenue was up 44.3% on a year-over-year basis. analysts expect that Gartner, Inc. will post 3.43 EPS for the current fiscal year.
In other news, SVP Alwyn Dawkins sold 1,438 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $117.94, for a total value of $169,597.72. Following the completion of the sale, the senior vice president now directly owns 26,137 shares of the company’s stock, valued at $3,082,597.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $117.02, for a total value of $585,100.00. Following the completion of the sale, the director now directly owns 29,895 shares of the company’s stock, valued at $3,498,312.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,363 shares of company stock worth $2,656,767. Corporate insiders own 4.30% of the company’s stock.
Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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