Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Gartner, Inc. (NYSE:IT) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,255 shares of the information technology services provider’s stock after selling 837 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.23% of Gartner worth $25,909,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Gartner by 154.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,037,753 shares of the information technology services provider’s stock worth $129,108,000 after purchasing an additional 629,507 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Gartner by 9.7% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,368 shares of the information technology services provider’s stock worth $917,000 after purchasing an additional 649 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Gartner by 159.3% in the 3rd quarter. Legal & General Group Plc now owns 420,700 shares of the information technology services provider’s stock worth $52,337,000 after purchasing an additional 258,439 shares in the last quarter. Hosking Partners LLP boosted its position in shares of Gartner by 0.4% in the 3rd quarter. Hosking Partners LLP now owns 170,962 shares of the information technology services provider’s stock worth $21,269,000 after purchasing an additional 729 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its position in shares of Gartner by 1.2% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 60,610 shares of the information technology services provider’s stock worth $7,550,000 after purchasing an additional 694 shares in the last quarter. 96.43% of the stock is owned by hedge funds and other institutional investors.

Shares of Gartner, Inc. (NYSE:IT) traded down $2.04 on Thursday, reaching $119.48. The company’s stock had a trading volume of 717,400 shares, compared to its average volume of 683,257. Gartner, Inc. has a 12 month low of $90.37 and a 12 month 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. The firm has a market cap of $11,015.91, a PE ratio of 39.20, a P/E/G ratio of 2.22 and a beta of 1.06.

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

A number of analysts have recently weighed in on IT shares. Zacks Investment Research cut Gartner from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $139.00 price objective on shares of Gartner in a research report on Thursday, November 2nd. Piper Jaffray Companies reissued a “hold” rating and issued a $104.00 price objective on shares of Gartner in a research report on Friday, November 3rd. Goldman Sachs Group started coverage on Gartner in a research report on Wednesday, November 8th. They set a “buy” rating and a $146.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price target on shares of Gartner in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $132.60.

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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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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