Aberdeen Asset Management PLC UK bought a new position in shares of Gartner, Inc. (NYSE:IT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,619 shares of the information technology services provider’s stock, valued at approximately $1,929,000.

Other institutional investors have also recently bought and sold shares of the company. TimesSquare Capital Management LLC increased its holdings in Gartner by 10.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 2,208,950 shares of the information technology services provider’s stock worth $238,545,000 after acquiring an additional 215,550 shares during the period. Virginia Retirement Systems ET AL increased its holdings in Gartner by 249.0% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 17,100 shares of the information technology services provider’s stock worth $2,112,000 after acquiring an additional 12,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Gartner by 3.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 209,092 shares of the information technology services provider’s stock worth $25,825,000 after acquiring an additional 7,596 shares during the period. OZ Management LP bought a new stake in Gartner during the 2nd quarter worth approximately $63,411,000. Finally, JPMorgan Chase & Co. increased its holdings in Gartner by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,254,564 shares of the information technology services provider’s stock worth $154,949,000 after acquiring an additional 77,018 shares during the period. 91.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gartner, Inc. (IT) opened at 122.63 on Tuesday. The stock has a 50 day moving average of $121.69 and a 200-day moving average of $117.79. The stock has a market cap of $11.11 billion, a PE ratio of 251.81 and a beta of 1.04. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $130.02.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) 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 analysts’ expectations of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equities research analysts predict that Gartner, Inc. will post $3.41 earnings per share for the current fiscal year.

A number of research firms have commented on IT. Piper Jaffray Companies reissued a “hold” rating and issued a $105.00 price target on shares of Gartner in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday, July 19th. BidaskClub cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. TheStreet cut shares of Gartner from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “top pick” rating and issued a $142.00 price target (up previously from $130.00) on shares of Gartner in a research note on Friday, July 21st. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Gartner presently has a consensus rating of “Buy” and an average target price of $126.56.

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In other news, SVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total transaction of $118,620.00. Following the sale, the senior vice president now owns 27,137 shares in the company, valued at $3,218,990.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robin B. Kranich sold 7,487 shares of Gartner 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 owns 21,298 shares in the company, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,363 shares of company stock worth $2,775,387. Company insiders own 4.40% of the company’s stock.

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.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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