Swiss National Bank Buys 4,900 Shares of Gartner, Inc. (IT)
Swiss National Bank lifted its stake in Gartner, Inc. (NYSE:IT) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 454,090 shares of the information technology services provider’s stock after buying an additional 4,900 shares during the quarter. Swiss National Bank owned about 501,203.09% of Gartner worth $56,493,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of IT. Teachers Advisors LLC raised its stake in shares of Gartner by 54.0% in the first quarter. Teachers Advisors LLC now owns 130,288 shares of the information technology services provider’s stock worth $14,070,000 after buying an additional 45,677 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Gartner by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 198,368 shares of the information technology services provider’s stock worth $21,423,000 after buying an additional 5,272 shares during the period. Capstone Asset Management Co. raised its stake in shares of Gartner by 28.3% in the second quarter. Capstone Asset Management Co. now owns 11,329 shares of the information technology services provider’s stock worth $1,399,000 after buying an additional 2,500 shares during the period. Bank of Montreal Can raised its stake in shares of Gartner by 72.0% in the second quarter. Bank of Montreal Can now owns 42,648 shares of the information technology services provider’s stock worth $5,268,000 after buying an additional 17,858 shares during the period. Finally, Gateway Investment Advisers LLC bought a new position in shares of Gartner in the second quarter worth about $786,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, Director Anne Sutherland Fuchs sold 5,000 shares of Gartner stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $118.92, for a total value of $594,600.00. Following the completion of the transaction, the director now owns 27,395 shares in the company, valued at approximately $3,257,813.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robin B. Kranich sold 7,487 shares of Gartner stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the transaction, the senior vice president now 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 a total of 17,363 shares of company stock valued at $2,071,667 in the last 90 days. 4.30% of the stock is currently owned by company insiders.
Gartner, Inc. (IT) opened at $116.32 on Tuesday. The firm has a market capitalization of $10,649.68, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73. Gartner, Inc. has a 1-year low of $90.37 and a 1-year high of $130.02.
Gartner (NYSE:IT) last released its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.13. The business had revenue of $828.09 million during the quarter, compared to analysts’ expectations of $826.09 million. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The firm’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. equities research analysts expect that Gartner, Inc. will post 3.43 earnings per share for the current fiscal year.
Several research analysts have recently commented on the company. BidaskClub downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $132.00 price objective (down previously from $137.00) on shares of Gartner in a research note on Monday, August 14th. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Morgan Stanley lifted their target price on Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $143.00 target price on shares of Gartner in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $132.60.
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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