Westfield Capital Management Co. LP Increases Stake in Gartner, Inc. (IT)

Westfield Capital Management Co. LP lifted its position in Gartner, Inc. (NYSE:IT) by 37.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 360,070 shares of the information technology services provider’s stock after acquiring an additional 97,440 shares during the period. Westfield Capital Management Co. LP owned 0.40% of Gartner worth $44,796,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IT. Advisory Services Network LLC raised its position in shares of Gartner by 466.7% in the 2nd quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after acquiring an additional 798 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of Gartner in the 2nd quarter worth approximately $124,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Gartner by 9.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after buying an additional 103 shares during the last quarter. Commonwealth Bank of Australia grew its stake in shares of Gartner by 20.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after buying an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Gartner by 52.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock worth $183,000 after buying an additional 505 shares during the last quarter. 96.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Gartner, Inc. (IT) opened at $119.95 on Friday. 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 firm has a market capitalization of $10,873.59, a P/E ratio of 38.69, a P/E/G ratio of 2.19 and a beta of 1.06. Gartner, Inc. has a 52 week low of $90.37 and a 52 week high of $130.02.

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

Several research firms recently weighed in on IT. Cantor Fitzgerald restated a “buy” rating and issued a $139.00 price target on shares of Gartner in a research note on Thursday, November 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $105.00 price target on shares of Gartner in a research note on Thursday, August 31st. Royal Bank Of Canada restated a “buy” rating and issued a $143.00 price target on shares of Gartner in a research note on Friday, November 3rd. BidaskClub downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Gartner presently has a consensus rating of “Buy” and a consensus price target of $132.60.

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About Gartner

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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