Axa bought a new position in shares of Gartner, Inc. (NYSE:IT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,976 shares of the information technology services provider’s stock, valued at approximately $738,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Gartner in the second quarter worth $124,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Gartner by 9.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after buying an additional 103 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of Gartner by 20.0% in the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after buying an additional 200 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Gartner in the second quarter worth $210,000. Finally, Global X Management Co. LLC increased its stake in shares of Gartner by 31.6% in the first quarter. Global X Management Co. LLC now owns 1,725 shares of the information technology services provider’s stock worth $186,000 after buying an additional 414 shares during the last quarter. 91.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gartner, Inc. (NYSE:IT) opened at 124.18 on Monday. The firm’s 50-day moving average is $121.55 and its 200 day moving average is $117.93. Gartner, Inc. has a 1-year low of $84.54 and a 1-year high of $130.02. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 254.99 and a beta of 1.04.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05. Gartner had a return on equity of 103.10% and a net margin of 1.50%. The company had revenue of $843.73 million during the quarter, compared to analysts’ expectations of $892.64 million. During the same period in the prior year, the business earned $0.75 earnings per share. Gartner’s revenue for the quarter was up 38.3% compared to the same quarter last year. Equities analysts expect that Gartner, Inc. will post $3.41 EPS for the current fiscal year.

In other news, SVP Robin B. Kranich sold 7,487 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the sale, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at $2,557,463.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total value of $118,620.00. Following the completion of the sale, the senior vice president now directly owns 27,137 shares of the company’s stock, valued at $3,218,990.94. The disclosure for this sale can be found here. Insiders sold 23,363 shares of company stock valued at $2,775,387 over the last three months. 4.40% of the stock is owned by company insiders.

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IT has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a “top pick” rating and issued a $142.00 price target (up previously from $130.00) on shares of Gartner in a research note on Friday, July 21st. Credit Suisse Group restated an “outperform” rating and issued a $138.00 price target (up previously from $130.00) on shares of Gartner in a research note on Wednesday, August 9th. BidaskClub lowered shares of Gartner from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, TheStreet lowered shares of Gartner from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $126.56.

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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