RWC Asset Management LLP grew its position in Gartner, Inc. (NYSE:IT) by 21.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,166 shares of the information technology services provider’s stock after purchasing an additional 42,093 shares during the period. Gartner comprises about 1.8% of RWC Asset Management LLP’s portfolio, making the stock its 17th largest position. RWC Asset Management LLP owned about 0.26% of Gartner worth $29,257,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IT. Janus Henderson Group PLC raised its holdings in shares of Gartner by 1,426.9% in the second quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock valued at $528,449,000 after purchasing an additional 3,998,373 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Gartner by 32.4% in the second quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock valued at $1,072,104,000 after purchasing an additional 2,125,783 shares during the last quarter. State Street Corp raised its holdings in shares of Gartner by 31.9% in the second quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock valued at $442,867,000 after purchasing an additional 867,040 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Gartner by 525.5% in the third quarter. Principal Financial Group Inc. now owns 909,985 shares of the information technology services provider’s stock valued at $113,211,000 after purchasing an additional 764,504 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Gartner by 54.3% during the second quarter. Artisan Partners Limited Partnership now owns 1,846,952 shares of the information technology services provider’s stock worth $228,117,000 after buying an additional 649,942 shares during the last quarter. Institutional investors own 96.43% of the company’s stock.

A number of analysts recently issued reports on IT shares. Goldman Sachs Group started coverage on shares of Gartner in a report on Wednesday, November 8th. They set a “buy” rating and a $146.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and set a $143.00 price objective on shares of Gartner in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a report on Monday, October 16th. BMO Capital Markets restated a “buy” rating and set a $137.00 price objective on shares of Gartner in a report on Friday, October 13th. Finally, Robert W. Baird restated a “buy” rating and set a $135.00 price objective on shares of Gartner in a report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $132.60.

Gartner, Inc. (IT) traded up $0.64 during midday trading on Wednesday, reaching $120.65. 328,300 shares of the company were exchanged, compared to its average volume of 679,654. Gartner, Inc. has a 1-year low of $90.37 and a 1-year high of $130.02. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $10,879.03, a P/E ratio of 38.71, a PEG ratio of 2.19 and a beta of 1.06.

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

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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.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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