SG Americas Securities LLC lifted its position in Gartner, Inc. (NYSE:IT) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,705 shares of the information technology services provider’s stock after buying an additional 376 shares during the period. SG Americas Securities LLC’s holdings in Gartner were worth $1,382,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of IT. Russell Investments Group Ltd. lifted its stake in shares of Gartner by 72.8% in the first quarter. Russell Investments Group Ltd. now owns 22,020 shares of the information technology services provider’s stock worth $4,016,000 after buying an additional 9,280 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Gartner by 103.1% in the first quarter. Rockefeller Capital Management L.P. now owns 2,413 shares of the information technology services provider’s stock worth $439,000 after buying an additional 1,225 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Gartner in the first quarter worth approximately $578,000. E Fund Management Co. Ltd. bought a new position in Gartner during the first quarter valued at approximately $221,000. Finally, Panagora Asset Management Inc. lifted its position in Gartner by 4.2% during the first quarter. Panagora Asset Management Inc. now owns 8,199 shares of the information technology services provider’s stock valued at $1,497,000 after purchasing an additional 331 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.
In related news, EVP Scott Hensel sold 3,177 shares of the firm’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $312.50, for a total transaction of $992,812.50. Following the completion of the transaction, the executive vice president now directly owns 2,463 shares of the company’s stock, valued at $769,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph P. Beck sold 854 shares of the firm’s stock in a transaction on Monday, August 16th. The shares were sold at an average price of $306.41, for a total transaction of $261,674.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,222 shares of company stock valued at $6,176,175. Corporate insiders own 3.60% of the company’s stock.
Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 3rd. The information technology services provider reported $2.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.51. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Gartner had a net margin of 13.06% and a return on equity of 67.28%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share. Equities analysts forecast that Gartner, Inc. will post 7.83 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Gartner in a research report on Tuesday, August 3rd. BMO Capital Markets increased their price objective on shares of Gartner from $234.00 to $280.00 and gave the company a “market perform” rating in a research report on Wednesday, August 4th. Zacks Investment Research downgraded shares of Gartner from a “strong-buy” rating to a “hold” rating and set a $323.00 price objective on the stock. in a research report on Tuesday, October 5th. Morgan Stanley increased their price objective on shares of Gartner from $322.00 to $341.00 and gave the company an “overweight” rating in a research report on Thursday, September 23rd. Finally, Barclays increased their price objective on shares of Gartner from $250.00 to $300.00 and gave the company an “equal weight” rating in a research report on Friday, August 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus target price of $269.00.
Gartner, Inc is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance.
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