Gartner, Inc. (IT) Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its stake in Gartner, Inc. (NYSE:IT) by 56.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,201 shares of the information technology services provider’s stock after acquiring an additional 5,140 shares during the period. Stephens Inc. AR’s holdings in Gartner were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Gartner by 5,309.2% in the first quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock valued at $882,800,000 after acquiring an additional 8,023,700 shares in the last quarter. Vanguard Group Inc. boosted its stake in Gartner by 2.6% in the first quarter. Vanguard Group Inc. now owns 6,554,522 shares of the information technology services provider’s stock valued at $707,823,000 after acquiring an additional 166,250 shares in the last quarter. Polen Capital Management LLC boosted its stake in Gartner by 6.9% in the second quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock valued at $490,699,000 after acquiring an additional 257,899 shares in the last quarter. Janus Capital Management LLC boosted its stake in 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 acquiring an additional 1,360,165 shares in the last quarter. Finally, State Street Corp boosted its stake in Gartner by 2.1% in the first quarter. State Street Corp now owns 2,718,707 shares of the information technology services provider’s stock valued at $293,593,000 after acquiring an additional 56,328 shares in the last quarter. Institutional investors own 91.91% of the company’s stock.

In other Gartner news, SVP Robin B. Kranich sold 7,487 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $120.08, for a total transaction of $899,038.96. Following the sale, the senior vice president now directly owns 21,298 shares in the company, valued at approximately $2,557,463.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $118.92, for a total transaction of $594,600.00. Following the sale, the director now owns 27,395 shares in the company, valued at $3,257,813.40. The disclosure for this sale can be found here. Insiders have sold a total of 23,363 shares of company stock valued at $2,775,387 over the last three months. 4.40% of the stock is currently owned by company insiders.

Shares of Gartner, Inc. (NYSE:IT) opened at 122.27 on Friday. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $130.02. The stock’s 50 day moving average is $122.04 and its 200 day moving average is $117.34. The firm has a market cap of $11.08 billion, a P/E ratio of 251.07 and a beta of 1.04.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $843.73 million during the quarter, compared to analyst estimates of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 103.10%. Gartner’s revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. On average, equities research analysts predict that Gartner, Inc. will post $3.41 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the stock. BidaskClub downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BMO Capital Markets restated an “outperform” rating and issued a $132.00 price objective (down previously from $137.00) on shares of Gartner in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Credit Suisse Group restated an “outperform” rating and issued a $138.00 price objective (up previously from $130.00) on shares of Gartner in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $105.00 price objective on shares of Gartner in a research note on Thursday, August 31st. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Gartner has a consensus rating of “Buy” and a consensus price target of $126.56.

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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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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