Gartner Inc (NYSE:IT) Holdings Raised by Jag Capital Management LLC

Jag Capital Management LLC grew its stake in shares of Gartner Inc (NYSE:IT) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,414 shares of the information technology services provider’s stock after purchasing an additional 4,220 shares during the period. Jag Capital Management LLC’s holdings in Gartner were worth $3,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Gartner by 2.9% during the first quarter. Nordea Investment Management AB now owns 4,707 shares of the information technology services provider’s stock valued at $714,000 after buying an additional 133 shares during the period. KAMES CAPITAL plc increased its position in Gartner by 0.4% in the 2nd quarter. KAMES CAPITAL plc now owns 239,957 shares of the information technology services provider’s stock worth $38,575,000 after purchasing an additional 1,027 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in Gartner in the 2nd quarter worth about $337,000. Retirement Systems of Alabama increased its position in Gartner by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 42,013 shares of the information technology services provider’s stock worth $6,762,000 after purchasing an additional 239 shares during the last quarter. Finally, Spence Asset Management increased its position in Gartner by 2.8% in the 2nd quarter. Spence Asset Management now owns 61,748 shares of the information technology services provider’s stock worth $9,938,000 after purchasing an additional 1,669 shares during the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Alwyn Dawkins sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $132.50, for a total transaction of $198,750.00. Following the completion of the sale, the executive vice president now owns 33,485 shares in the company, valued at approximately $4,436,762.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne Sutherland Fuchs sold 1,828 shares of the stock in a transaction that occurred 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 owns 27,237 shares of the company’s stock, valued at approximately $3,724,659.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,499 shares of company stock worth $601,805. 4.00% of the stock is currently owned by insiders.

Several brokerages have weighed in on IT. ValuEngine raised Gartner from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Morgan Stanley dropped their target price on Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Finally, BMO Capital Markets dropped their target price on Gartner to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $151.00.

Shares of NYSE IT opened at $144.43 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 3.11 and a beta of 1.24. The business’s 50-day simple moving average is $141.35 and its 200-day simple moving average is $150.04. Gartner Inc has a 52 week low of $120.89 and a 52 week high of $171.77.

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

Gartner Profile

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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