Raymond James Trust N.A. lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,952 shares of the information technology services provider’s stock after acquiring an additional 26 shares during the period. Raymond James Trust N.A.’s holdings in Gartner were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR raised its holdings in shares of Gartner by 56.7% during the 2nd quarter. Stephens Inc. AR now owns 14,201 shares of the information technology services provider’s stock worth $1,754,000 after acquiring an additional 5,140 shares during the period. Oak Ridge Investments LLC raised its holdings in shares of Gartner by 35.5% during the 2nd quarter. Oak Ridge Investments LLC now owns 47,074 shares of the information technology services provider’s stock worth $5,814,000 after acquiring an additional 12,335 shares during the period. Noesis Capital Mangement Corp purchased a new position in shares of Gartner during the 2nd quarter worth $203,000. Financial Counselors Inc. raised its holdings in shares of Gartner by 2.5% during the 2nd quarter. Financial Counselors Inc. now owns 12,694 shares of the information technology services provider’s stock worth $1,568,000 after acquiring an additional 314 shares during the period. Finally, Polen Capital Management LLC raised its holdings in shares of Gartner by 6.9% during the 2nd quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock worth $490,699,000 after acquiring an additional 257,899 shares during the period. Institutional investors and hedge funds own 91.93% of the company’s stock.

Shares of Gartner, Inc. (NYSE:IT) opened at 124.42 on Thursday. The company’s 50 day moving average price is $121.55 and its 200-day moving average price is $117.93. The firm has a market capitalization of $11.27 billion, a P/E ratio of 255.48 and a beta of 1.04. Gartner, Inc. has a 12 month low of $84.54 and a 12 month high of $130.02.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $843.73 million for the quarter, compared to the consensus estimate of $892.64 million. During the same period in the prior year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. On average, equities analysts predict that Gartner, Inc. will post $3.41 earnings per share for the current fiscal year.

Several research firms have recently commented on IT. Piper Jaffray Companies reiterated a “hold” rating and set a $105.00 price target on shares of Gartner in a report on Thursday, August 31st. Zacks Investment Research upgraded 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. BidaskClub downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “top pick” rating and set a $142.00 price objective (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Six equities research 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $126.56.

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In related news, Director Anne Sutherland Fuchs sold 5,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total transaction of $585,100.00. Following the transaction, the director now directly owns 29,895 shares in the company, valued at $3,498,312.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robin B. Kranich sold 7,487 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the transaction, the senior vice president now owns 21,298 shares in the company, valued at $2,557,463.84. The disclosure for this sale can be found here. Insiders have sold 23,363 shares of company stock worth $2,775,387 over the last quarter. 4.40% of the stock is currently owned by company insiders.

Gartner 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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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