Cigna Investments Inc. New raised its stake in shares of Gartner, Inc. (NYSE:IT) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 3,426 shares of the information technology services provider’s stock after buying an additional 102 shares during the period. Cigna Investments Inc. New’s holdings in Gartner were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Gartner by 5,309.2% in the first quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock valued at $882,800,000 after buying an additional 8,023,700 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Gartner by 62.0% in the first quarter. Janus Capital Management LLC now owns 3,555,481 shares of the information technology services provider’s stock valued at $383,956,000 after buying an additional 1,360,165 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Gartner by 1,983.4% in the first quarter. Alliancebernstein L.P. now owns 1,329,202 shares of the information technology services provider’s stock valued at $143,541,000 after buying an additional 1,265,402 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Gartner by 517.8% in the first quarter. Citadel Advisors LLC now owns 582,495 shares of the information technology services provider’s stock valued at $62,904,000 after buying an additional 488,205 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in shares of Gartner by 8.1% in the first quarter. Polen Capital Management LLC now owns 3,715,050 shares of the information technology services provider’s stock valued at $401,188,000 after buying an additional 279,959 shares in the last quarter. 87.56% of the stock is owned by institutional investors.

Shares of Gartner, Inc. (NYSE IT) opened at 120.32 on Friday. The stock has a 50 day moving average of $124.99 and a 200-day moving average of $114.61. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 247.06 and a beta of 1.05. Gartner, Inc. has a one year low of $84.54 and a one year high of $130.02.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05. The business had revenue of $843.73 million during 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 business’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, equities analysts anticipate that Gartner, Inc. will post $3.41 earnings per share for the current fiscal year.

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Several equities analysts have commented on IT shares. Zacks Investment Research cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Credit Suisse Group restated an “outperform” rating and issued a $130.00 price objective (up from $124.00) on shares of Gartner in a report on Friday, May 5th. Cantor Fitzgerald restated a “buy” rating and issued a $128.00 price objective on shares of Gartner in a report on Monday, May 8th. BMO Capital Markets restated an “outperform” rating and issued a $132.00 price objective (down from $137.00) on shares of Gartner in a report on Monday. Finally, Royal Bank Of Canada restated a “top pick” rating and issued a $130.00 price objective (up from $124.00) on shares of Gartner in a report on Monday, May 1st. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $126.89.

In other Gartner news, SVP David Godfrey sold 1,425 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $120.41, for a total transaction of $171,584.25. Following the transaction, the senior vice president now directly owns 10,759 shares in the company, valued at approximately $1,295,491.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alwyn Dawkins sold 1,400 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $116.05, for a total transaction of $162,470.00. Following the transaction, the senior vice president now owns 29,085 shares in the company, valued at $3,375,314.25. The disclosure for this sale can be found here. Insiders sold 51,125 shares of company stock valued at $6,030,127 over the last 90 days. Insiders own 4.40% of the company’s stock.

Gartner Company Profile

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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