Tredje AP fonden acquired a new stake in Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 7,530 shares of the information technology services provider’s stock, valued at approximately $937,000.
Several other institutional investors and hedge funds have also modified their holdings of IT. Advisory Services Network LLC grew its position in shares of Gartner by 466.7% in the 2nd quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 798 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Gartner by 9.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock valued at $146,000 after purchasing an additional 103 shares during the period. Commonwealth Bank of Australia grew its position in shares of Gartner by 20.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock valued at $148,000 after purchasing an additional 200 shares during the period. Advisors Asset Management Inc. grew its position in shares of Gartner by 52.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock valued at $183,000 after purchasing an additional 505 shares during the period. Finally, Parkwood LLC bought a new stake in Gartner in the 3rd quarter valued at approximately $201,000. Institutional investors and hedge funds own 96.43% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research cut Gartner from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub cut Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Goldman Sachs Group assumed coverage on Gartner in a research note on Wednesday, November 8th. They issued a “buy” rating and a $146.00 target price on the stock. Robert W. Baird restated a “buy” rating and issued a $135.00 target price on shares of Gartner in a research note on Friday, November 3rd. Finally, BMO Capital Markets restated a “buy” rating and issued a $132.00 target price on shares of Gartner in a research note on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $132.60.
Shares of Gartner, Inc. (IT) opened at $120.71 on Friday. The company has a market capitalization of $10,898.97, a P/E ratio of 38.78, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73. Gartner, Inc. has a 12 month low of $90.37 and a 12 month high of $130.02.
Gartner (NYSE:IT) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share (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 company had revenue of $828.09 million for the quarter, compared to analysts’ expectations of $826.09 million. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue was up 44.3% compared to the same quarter last year. equities research analysts expect that Gartner, Inc. will post 3.43 earnings per share for the current fiscal year.
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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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