Nomura Asset Management Co. Ltd. Acquires 704 Shares of Gartner Inc (NYSE:IT)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Gartner Inc (NYSE:IT) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,714 shares of the information technology services provider’s stock after buying an additional 704 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Gartner were worth $2,368,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Avestar Capital LLC lifted its holdings in shares of Gartner by 1,036.8% in the 1st quarter. Avestar Capital LLC now owns 216 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 197 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of Gartner in the 2nd quarter worth $40,000. FTB Advisors Inc. bought a new position in shares of Gartner in the 2nd quarter worth $60,000. Advisory Services Network LLC lifted its holdings in shares of Gartner by 98.0% in the 2nd quarter. Advisory Services Network LLC now owns 788 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 390 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Gartner by 50.0% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the information technology services provider’s stock worth $193,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

In other news, EVP Alwyn Dawkins sold 771 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $129.52, for a total transaction of $99,859.92. Following the completion of the sale, the executive vice president now directly owns 34,235 shares of the company’s stock, valued at approximately $4,434,117.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anne Sutherland Fuchs sold 1,828 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $136.75, for a total value of $249,979.00. Following the sale, the director now directly owns 27,237 shares of the company’s stock, valued at $3,724,659.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,499 shares of company stock worth $601,805. Company insiders own 4.00% of the company’s stock.



A number of brokerages recently issued reports on IT. ValuEngine upgraded Gartner from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Morgan Stanley dropped their price objective on Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Finally, BMO Capital Markets dropped their price objective on Gartner to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $151.67.

NYSE:IT traded up $0.25 during trading hours on Thursday, hitting $139.42. 4,367 shares of the company traded hands, compared to its average volume of 378,260. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm’s 50-day simple moving average is $133.14 and its 200-day simple moving average is $150.72. Gartner Inc has a one year low of $120.89 and a one year high of $171.77. The company has a market cap of $12.50 billion, a PE ratio of 36.83, a PEG ratio of 3.02 and a beta of 1.23.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.27. Gartner had a return on equity of 41.29% and a net margin of 5.43%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $1.03 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that Gartner Inc will post 3.51 EPS for the current year.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. 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 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.

Further Reading: Quick Ratio

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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