Schroder Investment Management Group cut its stake in shares of Gartner, Inc. (NYSE:IT) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 488,398 shares of the information technology services provider’s stock after selling 19,194 shares during the quarter. Schroder Investment Management Group owned 0.54% of Gartner worth $60,347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IT. Acadian Asset Management LLC lifted its holdings in shares of Gartner by 131.9% during the first quarter. Acadian Asset Management LLC now owns 6,061 shares of the information technology services provider’s stock worth $654,000 after purchasing an additional 3,447 shares during the period. Glen Harbor Capital Management LLC lifted its holdings in shares of Gartner by 12.7% during the first quarter. Glen Harbor Capital Management LLC now owns 2,704 shares of the information technology services provider’s stock worth $292,000 after purchasing an additional 304 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Gartner by 9.0% during the first quarter. Russell Investments Group Ltd. now owns 124,923 shares of the information technology services provider’s stock worth $13,490,000 after purchasing an additional 10,295 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Gartner during the first quarter worth $432,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Gartner by 31.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 3,868 shares of the information technology services provider’s stock worth $418,000 after purchasing an additional 916 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.

In other Gartner news, SVP Robin B. Kranich sold 7,487 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the transaction, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at approximately $2,557,463.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total value of $585,100.00. Following the completion of the transaction, the director now directly owns 29,895 shares in the company, valued at $3,498,312.90. The disclosure for this sale can be found here. Insiders have sold 23,363 shares of company stock worth $2,775,387 over the last three months. 4.40% of the stock is owned by insiders.

A number of research firms have commented on IT. Credit Suisse Group raised their target price on Gartner from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reissued a “top pick” rating and issued a $142.00 target price (up previously from $130.00) on shares of Gartner in a report on Friday, July 21st. BidaskClub downgraded Gartner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Gartner currently has an average rating of “Buy” and a consensus target price of $126.56.

Shares of Gartner, Inc. (NYSE IT) opened at 124.37 on Friday. The stock has a market cap of $11.27 billion, a PE ratio of 255.38 and a beta of 1.04. Gartner, Inc. has a 52-week low of $84.54 and a 52-week high of $130.02. The company’s 50-day moving average price is $122.48 and its 200-day moving average price is $116.71.

Gartner (NYSE:IT) last posted its quarterly 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 firm had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. Gartner had a return on equity of 103.10% and a net margin of 1.50%. Gartner’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Analysts expect that Gartner, Inc. will post $3.41 earnings per share for the current year.

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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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