Gartner (IT) Holdings Increased by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its position in shares of Gartner (NYSE:IT) by 40.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 43,755 shares of the information technology services provider’s stock after purchasing an additional 12,594 shares during the quarter. Great Lakes Advisors LLC’s holdings in Gartner were worth $5,146,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in shares of Gartner by 3.7% during the 4th quarter. Bank of Montreal Can now owns 45,032 shares of the information technology services provider’s stock worth $5,546,000 after buying an additional 1,613 shares during the period. National Pension Service acquired a new stake in shares of Gartner during the 4th quarter worth approximately $13,727,000. Schwab Charles Investment Management Inc. grew its position in shares of Gartner by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 495,756 shares of the information technology services provider’s stock worth $61,053,000 after buying an additional 28,027 shares during the period. McCollum Christoferson Group LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $3,264,000. Finally, State of Alaska Department of Revenue grew its position in shares of Gartner by 70.8% during the 4th quarter. State of Alaska Department of Revenue now owns 17,942 shares of the information technology services provider’s stock worth $2,208,000 after buying an additional 7,440 shares during the period. 97.00% of the stock is owned by institutional investors and hedge funds.

Shares of Gartner opened at $135.04 on Monday, according to MarketBeat Ratings. Gartner has a 12-month low of $110.76 and a 12-month high of $142.16. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $12.27 billion, a P/E ratio of 39.49, a PEG ratio of 2.33 and a beta of 1.13.



Gartner (NYSE:IT) last issued its earnings results on Tuesday, May 8th. The information technology services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Gartner had a positive return on equity of 33.99% and a negative net margin of 1.45%. The company had revenue of $964.00 million for the quarter, compared to analysts’ expectations of $921.22 million. During the same period last year, the business earned $0.60 EPS. Gartner’s quarterly revenue was up 54.2% compared to the same quarter last year. sell-side analysts forecast that Gartner will post 3.75 earnings per share for the current fiscal year.

In related news, EVP Robin B. Kranich sold 5,713 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $116.15, for a total value of $663,564.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robin B. Kranich sold 5,064 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $118.19, for a total value of $598,514.16. Following the completion of the transaction, the executive vice president now owns 17,420 shares in the company, valued at $2,058,869.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,855 shares of company stock worth $9,818,666. 4.00% of the stock is owned by company insiders.

Several analysts have recently commented on IT shares. Royal Bank of Canada raised their price objective on shares of Gartner to $98.00 and gave the stock a “top pick” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Piper Jaffray reaffirmed a “hold” rating and set a $130.00 price objective on shares of Gartner in a research report on Tuesday, January 23rd. Morgan Stanley raised their price objective on shares of Gartner from $120.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $139.00 price objective on shares of Gartner in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $141.40.

Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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