Pensionfund DSM Netherlands maintained its stake in shares of Gartner, Inc. (NYSE:IT) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 28,200 shares of the information technology services provider’s stock at the end of the second quarter. Pensionfund DSM Netherlands’ holdings in Gartner were worth $3,483,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of IT. Bank of Nova Scotia bought a new stake in shares of Gartner during the first quarter valued at $2,203,000. YG Partners LLC bought a new stake in shares of Gartner during the first quarter valued at $9,955,000. Janus Capital Management LLC increased its stake in shares of Gartner by 62.0% in the first quarter. Janus Capital Management LLC now owns 3,555,481 shares of the information technology services provider’s stock valued at $383,956,000 after buying an additional 1,360,165 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Gartner by 82.6% in the first quarter. HighTower Advisors LLC now owns 16,560 shares of the information technology services provider’s stock valued at $1,787,000 after buying an additional 7,492 shares in the last quarter. Finally, Caldera Capital LLC bought a new stake in shares of Gartner during the first quarter valued at $11,282,000. Hedge funds and other institutional investors own 87.14% of the company’s stock.
Gartner, Inc. (IT) traded down 0.16% during midday trading on Friday, reaching $128.03. The company had a trading volume of 362,445 shares. Gartner, Inc. has a 1-year low of $84.54 and a 1-year high of $130.02. The firm’s 50 day moving average is $124.95 and its 200 day moving average is $112.45. The stock has a market capitalization of $11.58 billion, a PE ratio of 58.20 and a beta of 1.05.
Gartner (NYSE:IT) last released its earnings results on Thursday, May 4th. The information technology services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Gartner had a return on equity of 954.04% and a net margin of 7.22%. The business had revenue of $625.17 million during the quarter, compared to the consensus estimate of $612.84 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Gartner, Inc. will post $3.48 EPS for the current fiscal year.
Several equities research analysts have weighed in on IT shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $128.00 price target on shares of Gartner in a research report on Monday, May 8th. Credit Suisse Group reaffirmed a “buy” rating and set a $124.00 price target on shares of Gartner in a research report on Tuesday, April 11th. BMO Capital Markets restated a “buy” rating and set a $110.00 target price on shares of Gartner in a research report on Wednesday, April 5th. Zacks Investment Research upgraded Gartner from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Tuesday, May 9th. Finally, Morgan Stanley raised their target price on Gartner from $106.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $120.82.
In other news, SVP David Godfrey sold 1,425 shares of Gartner stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $120.41, for a total value of $171,584.25. Following the transaction, the senior vice president now directly owns 10,759 shares of the company’s stock, valued at $1,295,491.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Karen E. Dykstra sold 2,500 shares of Gartner stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.61, for a total transaction of $301,525.00. Following the completion of the transaction, the director now directly owns 18,223 shares in the company, valued at $2,197,876.03. The disclosure for this sale can be found here. Insiders sold a total of 49,297 shares of company stock worth $5,793,254 over the last quarter. Insiders own 4.40% of the company’s stock.
Gartner Company Profile
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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