Gartner, Inc. (IT) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Gartner, Inc. (NYSE:IT) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,034 shares of the information technology services provider’s stock after acquiring an additional 1,091 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Gartner were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Creative Planning lifted its position in Gartner by 1.2% during the second quarter. Creative Planning now owns 1,950 shares of the information technology services provider’s stock worth $241,000 after buying an additional 23 shares in the last quarter. Raymond James Trust N.A. raised its position in Gartner by 1.3% in the second quarter. Raymond James Trust N.A. now owns 1,952 shares of the information technology services provider’s stock valued at $241,000 after purchasing an additional 26 shares during the period. Nisa Investment Advisors LLC raised its position in Gartner by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 13,047 shares of the information technology services provider’s stock valued at $1,611,000 after purchasing an additional 47 shares during the period. State of Alaska Department of Revenue raised its position in Gartner by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 3,832 shares of the information technology services provider’s stock valued at $473,000 after purchasing an additional 50 shares during the period. Finally, Cigna Investments Inc. New raised its position in Gartner by 3.1% in the second quarter. Cigna Investments Inc. New now owns 3,426 shares of the information technology services provider’s stock valued at $423,000 after purchasing an additional 102 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Goldman Sachs Group, Inc. (The) assumed coverage on Gartner in a research report on Wednesday, November 8th. They issued a “buy” rating and a $146.00 target price on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $143.00 target price on shares of Gartner in a research report on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $104.00 target price on shares of Gartner in a research report on Friday, November 3rd. Robert W. Baird restated a “buy” rating and issued a $135.00 target price on shares of Gartner in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut Gartner from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $132.60.

In other news, SVP Alwyn Dawkins sold 2,438 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $118.63, for a total value of $289,219.94. Following the completion of the sale, the senior vice president now directly owns 26,137 shares of the company’s stock, valued at approximately $3,100,632.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $118.92, for a total value of $594,600.00. Following the completion of the sale, the director now directly owns 27,395 shares of the company’s stock, valued at $3,257,813.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,363 shares of company stock valued at $2,656,767. Insiders own 4.30% of the company’s stock.

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Gartner, Inc. (NYSE IT) opened at $117.48 on Monday. The stock has a market capitalization of $10,649.68, a PE ratio of 37.90, a PEG ratio of 2.14 and a beta of 1.08. Gartner, Inc. has a 1 year low of $90.37 and a 1 year high of $130.02. The company has a current ratio of 0.73, a quick 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.13. The business had revenue of $828.09 million during the quarter, compared to analysts’ expectations of $826.09 million. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The business’s quarterly revenue was up 44.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. equities research analysts predict that Gartner, Inc. will post 3.43 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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