Samlyn Capital LLC Has $38.70 Million Holdings in Gartner, Inc. (IT)
Samlyn Capital LLC raised its position in Gartner, Inc. (NYSE:IT) by 19.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,300 shares of the information technology services provider’s stock after buying an additional 51,800 shares during the period. Samlyn Capital LLC owned approximately 0.35% of Gartner worth $38,695,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of IT. TimesSquare Capital Management LLC boosted its stake in shares of Gartner by 10.8% during the 1st 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 last quarter. Virginia Retirement Systems ET AL increased its stake in shares of Gartner by 249.0% in the second quarter. Virginia Retirement Systems ET AL now owns 17,100 shares of the information technology services provider’s stock worth $2,112,000 after buying an additional 12,200 shares during the last quarter. Atlantic Trust Group LLC bought a new stake in shares of Gartner in the second quarter worth $1,297,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Gartner by 3.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 209,092 shares of the information technology services provider’s stock worth $25,825,000 after buying an additional 7,596 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Gartner by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 1,254,564 shares of the information technology services provider’s stock worth $154,949,000 after buying an additional 77,018 shares during the last quarter. 91.95% of the stock is owned by institutional investors.
Shares of Gartner, Inc. (IT) traded down 0.9472% during mid-day trading on Tuesday, hitting $123.3901. 139,995 shares of the company’s stock were exchanged. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 253.3678 and a beta of 1.07. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $130.02. The firm has a 50 day moving average price of $121.64 and a 200-day moving average price of $119.04.
Gartner (NYSE:IT) last announced its quarterly earnings data 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 company had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. During the same quarter last year, the firm earned $0.75 EPS. Gartner’s revenue for the quarter was up 38.3% compared to the same quarter last year. On average, equities analysts anticipate that Gartner, Inc. will post $3.41 EPS for the current year.
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A number of research analysts have commented on the stock. Royal Bank Of Canada reiterated a “top pick” rating and set a $142.00 price objective (up from $130.00) on shares of Gartner in a research note on Friday, July 21st. TheStreet lowered shares of Gartner from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $105.00 target price on shares of Gartner in a research report on Thursday, August 31st. Credit Suisse Group reissued an “outperform” rating and issued a $138.00 target price (up previously from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Gartner has a consensus rating of “Buy” and a consensus price target of $126.56.
In other Gartner news, SVP Robin B. Kranich sold 7,487 shares of Gartner stock in a transaction on 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 in the company, valued at $2,557,463.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne Sutherland Fuchs sold 5,000 shares of Gartner stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total transaction of $585,100.00. Following the sale, the director now owns 29,895 shares in the company, valued at approximately $3,498,312.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,363 shares of company stock worth $2,775,387. 4.40% of the stock is currently owned by company insiders.
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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