Fieldpoint Private Securities LLC bought a new position in shares of Gartner, Inc. (NYSE:IT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,490 shares of the information technology services provider’s stock, valued at approximately $185,000.

A number of other large investors have also recently bought and sold shares of the stock. Pictet Asset Management Ltd. boosted its position in shares of Gartner by 48.5% during the 2nd quarter. Pictet Asset Management Ltd. now owns 43,500 shares of the information technology services provider’s stock worth $5,203,000 after purchasing an additional 14,200 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Gartner by 6.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,835 shares of the information technology services provider’s stock worth $227,000 after purchasing an additional 110 shares in the last quarter. Cigna Investments Inc. New boosted its position in shares of Gartner by 3.1% during the 2nd quarter. Cigna Investments Inc. New now owns 3,426 shares of the information technology services provider’s stock worth $423,000 after purchasing an additional 102 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Gartner by 232.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 13,300 shares of the information technology services provider’s stock worth $1,643,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Gartner by 58.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 452,135 shares of the information technology services provider’s stock worth $55,844,000 after purchasing an additional 166,751 shares in the last quarter. Hedge funds and other institutional investors own 96.43% of the company’s stock.

Shares of Gartner, Inc. (NYSE IT) traded down $1.28 during mid-day trading on Friday, reaching $120.05. 280,100 shares of the company traded hands, compared to its average volume of 676,562. Gartner, Inc. has a 12-month low of $90.37 and a 12-month high of $130.02. The firm has a market cap of $10,998.69, a P/E ratio of 39.14, a price-to-earnings-growth ratio of 2.21 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 (NYSE:IT) last posted its quarterly 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 company 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 firm’s revenue was up 44.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. sell-side analysts predict that Gartner, Inc. will post 3.43 EPS for the current year.

Several brokerages have commented on IT. Goldman Sachs Group started coverage on shares of Gartner in a research report on Wednesday, November 8th. They set a “buy” rating and a $146.00 target price on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price target on shares of Gartner in a research note on Friday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating and set a $132.00 price target on shares of Gartner in a research note on Wednesday, October 4th. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Monday, October 16th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $105.00 price target on shares of Gartner in a research note on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $132.60.

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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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