Westfield Capital Management Co. LP lifted its position in shares of Gartner, Inc. (NYSE:IT) by 26.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,630 shares of the information technology services provider’s stock after acquiring an additional 54,565 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.29% of Gartner worth $32,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in Gartner by 8.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 28,848 shares of the information technology services provider’s stock worth $3,562,000 after purchasing an additional 2,345 shares during the last quarter. ProShare Advisors LLC raised its position in Gartner by 15.3% during the 2nd quarter. ProShare Advisors LLC now owns 10,148 shares of the information technology services provider’s stock worth $1,253,000 after purchasing an additional 1,349 shares during the last quarter. Amalgamated Bank raised its position in Gartner by 38.7% during the 2nd quarter. Amalgamated Bank now owns 17,891 shares of the information technology services provider’s stock worth $2,210,000 after purchasing an additional 4,992 shares during the last quarter. Norinchukin Bank The bought a new position in Gartner during the 2nd quarter worth $775,000. Finally, Bridgewater Associates LP bought a new position in Gartner during the 2nd quarter worth $203,000. 91.93% of the stock is currently owned by institutional investors.

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In related news, Director Anne Sutherland Fuchs sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $117.02, for a total transaction of $585,100.00. Following the completion of the sale, the director now owns 29,895 shares of the company’s stock, valued at $3,498,312.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robin B. Kranich sold 7,487 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $120.08, for a total transaction of $899,038.96. Following the sale, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. Insiders have sold 23,363 shares of company stock valued at $2,775,387 in the last ninety days. Insiders own 4.40% of the company’s stock.

Gartner, Inc. (NYSE:IT) traded up 0.30% during trading on Monday, reaching $121.62. The company’s stock had a trading volume of 19,249 shares. Gartner, Inc. has a one year low of $84.54 and a one year high of $130.02. The firm has a market cap of $11.02 billion, a PE ratio of 249.73 and a beta of 1.04. The company has a 50-day moving average of $121.84 and a 200 day moving average of $117.46.

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 Zacks’ consensus estimate of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The business had revenue of $843.73 million during the quarter, compared to the consensus estimate of $892.64 million. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. Analysts expect that Gartner, Inc. will post $3.41 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $132.00 price objective (down from $137.00) on shares of Gartner in a research report on Monday, August 14th. BidaskClub lowered Gartner from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Credit Suisse Group reissued an “outperform” rating and issued a $138.00 price objective (up from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Zacks Investment Research lowered Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued a “top pick” rating and issued a $142.00 price objective (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Six 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 company. Gartner has an average rating of “Buy” and an average target price of $126.56.

Gartner 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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