Moreno Evelyn V maintained its stake in shares of Gartner, Inc. (NYSE:IT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,700 shares of the information technology services provider’s stock at the end of the second quarter. Moreno Evelyn V’s holdings in Gartner were worth $457,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Gartner during the first quarter valued at about $408,000. Quantitative Systematic Strategies LLC bought a new position in Gartner during the first quarter worth $535,000. Louisiana State Employees Retirement System increased its position in Gartner by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,900 shares of the information technology services provider’s stock worth $2,257,000 after buying an additional 500 shares during the period. Parametrica Management Ltd increased its position in Gartner by 11.8% in the first quarter. Parametrica Management Ltd now owns 5,130 shares of the information technology services provider’s stock worth $554,000 after buying an additional 543 shares during the period. Finally, Capstone Asset Management Co. increased its position in Gartner by 3.6% in the first quarter. Capstone Asset Management Co. now owns 8,829 shares of the information technology services provider’s stock worth $953,000 after buying an additional 310 shares during the period. Institutional investors own 87.01% of the company’s stock.
Gartner, Inc. (NYSE IT) opened at 116.92 on Friday. The company has a market cap of $10.59 billion, a PE ratio of 240.08 and a beta of 1.05. The firm’s 50-day moving average is $125.58 and its 200-day moving average is $114.11. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $130.02.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.05. The business had revenue of $843.73 million for the quarter, compared to the consensus estimate of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The company’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. On average, analysts expect that Gartner, Inc. will post $3.42 EPS for the current fiscal year.
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IT has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating and set a $130.00 target price (up from $124.00) on shares of Gartner in a research report on Friday, May 5th. Cantor Fitzgerald reissued a “buy” rating and set a $128.00 target price on shares of Gartner in a research report on Monday, May 8th. Royal Bank Of Canada restated a “top pick” rating and set a $130.00 price target (up from $124.00) on shares of Gartner in a report on Monday, May 1st. Finally, BMO Capital Markets upped their price target on shares of Gartner from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $126.44.
In other news, CEO Eugene A. Hall sold 38,800 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $117.86, for a total value of $4,572,968.00. Following the sale, the chief executive officer now directly owns 1,304,375 shares of the company’s stock, valued at approximately $153,733,637.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen E. Dykstra sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $120.61, for a total transaction of $301,525.00. Following the completion of the sale, the director now directly owns 18,223 shares in the company, valued at $2,197,876.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,297 shares of company stock worth $5,793,254. Insiders own 4.40% of the company’s stock.
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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