Gartner, Inc. (IT) Position Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in Gartner, Inc. (NYSE:IT) by 26.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,709 shares of the information technology services provider’s stock after acquiring an additional 2,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Gartner were worth $1,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Gartner by 59.0% during the second quarter. Dimensional Fund Advisors LP now owns 315,351 shares of the information technology services provider’s stock worth $38,950,000 after purchasing an additional 116,983 shares in the last quarter. Atlantic Trust Group LLC purchased a new stake in shares of Gartner during the second quarter worth $1,297,000. Virginia Retirement Systems ET AL increased its position in shares of Gartner by 249.0% during the second quarter. Virginia Retirement Systems ET AL now owns 17,100 shares of the information technology services provider’s stock worth $2,112,000 after acquiring an additional 12,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Gartner by 3.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 209,092 shares of the information technology services provider’s stock worth $25,825,000 after acquiring an additional 7,596 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Gartner by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 1,254,564 shares of the information technology services provider’s stock worth $154,949,000 after acquiring an additional 77,018 shares during the period. Hedge funds and other institutional investors own 96.43% of the company’s stock.

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

Gartner, Inc. (IT) traded down $2.04 during trading hours on Thursday, reaching $119.48. The company had a trading volume of 717,400 shares, compared to its average volume of 683,257. The stock has a market capitalization of $11,015.91, a price-to-earnings ratio of 39.20, a PEG ratio of 2.22 and a beta of 1.06. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner, Inc. has a 52-week low of $90.37 and a 52-week high of $130.02.

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

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Gartner 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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