Bares Capital Management Inc. Grows Stake in Gartner, Inc. (IT)

Bares Capital Management Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,138,918 shares of the information technology services provider’s stock after purchasing an additional 42,195 shares during the period. Gartner accounts for 6.4% of Bares Capital Management Inc.’s portfolio, making the stock its 7th largest holding. Bares Capital Management Inc. owned 1.26% of Gartner worth $141,693,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of Gartner by 1,426.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock worth $528,449,000 after buying an additional 3,998,373 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Gartner by 32.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock worth $1,072,104,000 after buying an additional 2,125,783 shares during the period. State Street Corp boosted its holdings in shares of Gartner by 31.9% during the 2nd quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock worth $442,867,000 after buying an additional 867,040 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Gartner by 525.5% during the 3rd quarter. Principal Financial Group Inc. now owns 909,985 shares of the information technology services provider’s stock worth $113,211,000 after buying an additional 764,504 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Gartner by 54.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,846,952 shares of the information technology services provider’s stock worth $228,117,000 after buying an additional 649,942 shares during the period. Institutional investors own 96.43% of the company’s stock.

Shares of Gartner, Inc. (NYSE:IT) traded up $0.64 during trading on Wednesday, hitting $120.65. 328,300 shares of the stock were exchanged, compared to its average volume of 679,654. Gartner, Inc. has a 12 month low of $90.37 and a 12 month high of $130.02. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $10,879.03, a P/E ratio of 38.71, a PEG ratio of 2.19 and a beta of 1.06.

Gartner (NYSE:IT) last issued its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.13. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The company had revenue of $828.09 million during the quarter, compared to the consensus estimate of $826.09 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 44.3% on a year-over-year basis. equities analysts predict that Gartner, Inc. will post 3.43 earnings per share for the current year.

A number of analysts have issued reports on IT shares. Morgan Stanley boosted their price objective 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. Zacks Investment Research downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $143.00 price objective on shares of Gartner in a report on Friday, November 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $104.00 price objective on shares of Gartner in a report on Friday, November 3rd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $137.00 price objective on shares of Gartner in a report on Friday, October 13th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Gartner has an average rating of “Buy” and an average price target of $132.60.

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About Gartner

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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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