Atlantic Trust Group LLC raised its stake in Gartner, Inc. (NYSE:IT) by 7,923.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 843,152 shares of the information technology services provider’s stock after purchasing an additional 832,644 shares during the quarter. Atlantic Trust Group LLC owned 0.93% of Gartner worth $104,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $38,950,000 after acquiring an additional 116,983 shares during the last quarter. 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 valued at $2,112,000 after acquiring an additional 12,200 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in 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 valued at $25,825,000 after purchasing an additional 7,596 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 valued at $154,949,000 after purchasing an additional 77,018 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Gartner by 58.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 452,135 shares of the information technology services provider’s stock valued at $55,844,000 after purchasing an additional 166,751 shares during the period. 95.40% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on IT shares. Goldman Sachs Group started coverage on Gartner in a report on Wednesday, November 8th. They set a “buy” rating and a $146.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $143.00 price target on shares of Gartner in a report on Friday, November 3rd. 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 report on Monday, October 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $137.00 price target on shares of Gartner in a report on Friday, October 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 price target on shares of Gartner in a report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $132.60.

Gartner, Inc. (NYSE:IT) traded up $0.21 during trading hours on Thursday, reaching $123.66. The company had a trading volume of 369,700 shares, compared to its average volume of 673,007. The company has a market capitalization of $11,190.87, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. Gartner, Inc. has a 12 month low of $90.37 and a 12 month high of $130.02. 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 data on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.13. The company had revenue of $828.09 million during 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%. The firm’s quarterly revenue was up 44.3% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. equities analysts predict that Gartner, Inc. will post 3.43 earnings per share for the current year.

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About Gartner

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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