Mutual of America Capital Management LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 83.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,016 shares of the information technology services provider’s stock after selling 54,411 shares during the period. Mutual of America Capital Management LLC’s holdings in Gartner were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. UBS Asset Management Americas Inc. increased its position in shares of Gartner by 7.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 315,986 shares of the information technology services provider’s stock valued at $34,123,000 after acquiring an additional 23,069 shares during the period. Prudential Financial Inc. increased its position in shares of Gartner by 0.6% in the 1st quarter. Prudential Financial Inc. now owns 51,537 shares of the information technology services provider’s stock valued at $5,565,000 after acquiring an additional 316 shares during the period. Credit Agricole S A increased its position in shares of Gartner by 76.9% in the 1st quarter. Credit Agricole S A now owns 37,912 shares of the information technology services provider’s stock valued at $4,094,000 after acquiring an additional 16,481 shares during the period. United Services Automobile Association increased its position in shares of Gartner by 1.8% in the 1st quarter. United Services Automobile Association now owns 40,096 shares of the information technology services provider’s stock valued at $4,330,000 after acquiring an additional 702 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of Gartner by 13.4% in the 1st quarter. OppenheimerFunds Inc. now owns 5,482 shares of the information technology services provider’s stock valued at $592,000 after acquiring an additional 646 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms recently issued reports on IT. Royal Bank Of Canada reissued a “top pick” rating and issued a $142.00 target price (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Wednesday, July 19th. BMO Capital Markets reaffirmed a “buy” rating and issued a $132.00 price target on shares of Gartner in a report on Wednesday. BidaskClub lowered shares of Gartner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $138.00 price target (up from $130.00) on shares of Gartner in a report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $126.56.

Shares of Gartner, Inc. (NYSE IT) opened at 122.39 on Friday. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 251.31 and a beta of 1.07. Gartner, Inc. has a 1-year low of $84.54 and a 1-year high of $130.02. The stock’s 50 day moving average is $122.16 and its 200 day moving average is $119.27.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The business had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. During the same period in the previous year, the business posted $0.75 earnings per share. The business’s revenue was up 38.3% compared to the same quarter last year. On average, equities analysts forecast that Gartner, Inc. will post $3.41 EPS for the current year.

In related news, SVP Robin B. Kranich sold 7,487 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $120.08, for a total transaction of $899,038.96. Following the sale, the senior vice president now owns 21,298 shares of the company’s stock, valued at $2,557,463.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $119.21, for a total transaction of $119,210.00. Following the sale, the senior vice president now directly owns 23,699 shares in the company, valued at approximately $2,825,157.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,363 shares of company stock worth $2,775,387. 4.40% of the stock is owned by insiders.

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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