NGAM Advisors L.P. Purchases 1,832 Shares of Gartner, Inc. (IT)
NGAM Advisors L.P. boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 27,359 shares of the information technology services provider’s stock after buying an additional 1,832 shares during the period. NGAM Advisors L.P.’s holdings in Gartner were worth $3,379,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. TimesSquare Capital Management LLC boosted its position in Gartner by 10.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,208,950 shares of the information technology services provider’s stock valued at $238,545,000 after buying an additional 215,550 shares during the period. Principal Financial Group Inc. boosted its position in Gartner by 1.4% in the first quarter. Principal Financial Group Inc. now owns 337,570 shares of the information technology services provider’s stock valued at $36,455,000 after buying an additional 4,645 shares during the period. Caldera Capital LLC purchased a new position in Gartner during the first quarter valued at approximately $11,282,000. State of Alaska Department of Revenue boosted its position in Gartner by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 3,832 shares of the information technology services provider’s stock valued at $473,000 after buying an additional 50 shares during the period. Finally, Wellington Management Group LLP boosted its position in Gartner by 1.3% in the first quarter. Wellington Management Group LLP now owns 1,220,878 shares of the information technology services provider’s stock valued at $131,841,000 after buying an additional 15,973 shares during the period. 87.01% of the stock is owned by hedge funds and other institutional investors.
Gartner, Inc. (NYSE IT) opened at 120.10 on Thursday. Gartner, Inc. has a one year low of $84.54 and a one year high of $130.02. The stock has a 50 day moving average price of $125.93 and a 200-day moving average price of $113.97. The firm has a market capitalization of $10.86 billion, a PE ratio of 54.59 and a beta of 1.05.
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, beating the consensus estimate of $0.83 by $0.05. The business had revenue of $843.73 million during the quarter, compared to analysts’ expectations of $892.64 million. Gartner had a return on equity of 508.22% and a net margin of 1.50%. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. On average, equities analysts forecast that Gartner, Inc. will post $3.47 earnings per share for the current year.
IT has been the subject of several recent research reports. Credit Suisse Group upped their price target on Gartner from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, May 15th. BMO Capital Markets increased their target price on Gartner from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. 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 report on Friday, July 21st. Zacks Investment Research cut Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $115.00 target price on shares of Gartner in a report on Tuesday, April 25th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $126.44.
In other Gartner news, SVP David Godfrey sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $120.41, for a total transaction of $171,584.25. Following the completion of the transaction, the senior vice president now directly owns 10,759 shares in the company, valued at $1,295,491.19. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Alwyn Dawkins sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $116.05, for a total transaction of $162,470.00. Following the transaction, the senior vice president now owns 29,085 shares of the company’s stock, valued at $3,375,314.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,297 shares of company stock valued at $5,793,254. 4.40% of the stock is currently owned by corporate insiders.
Gartner Company 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.
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