GW&K Investment Management LLC boosted its stake in Gartner Inc. (NYSE:IT) by 16.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,337 shares of the company’s stock after buying an additional 25,412 shares during the period. GW&K Investment Management LLC’s holdings in Gartner were worth $17,469,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Gartner during the second quarter valued at approximately $179,000. Bessemer Group Inc. increased its position in Gartner by 157.0% in the first quarter. Bessemer Group Inc. now owns 2,141 shares of the company’s stock valued at $192,000 after buying an additional 1,308 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Gartner during the first quarter valued at approximately $354,000. Panagora Asset Management Inc. increased its position in Gartner by 29.4% in the first quarter. Panagora Asset Management Inc. now owns 5,240 shares of the company’s stock valued at $468,000 after buying an additional 1,190 shares during the period. Finally, Pacad Investment Ltd. bought a new position in Gartner during the first quarter valued at approximately $474,000. 90.45% of the stock is owned by institutional investors.
Shares of Gartner Inc. (NYSE:IT) traded up 0.10% during trading on Wednesday, hitting $89.44. 472,512 shares of the stock were exchanged. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 40.78 and a beta of 0.97. Gartner Inc. has a one year low of $77.80 and a one year high of $103.00. The stock’s 50 day moving average price is $90.78 and its 200-day moving average price is $93.74.
Gartner (NYSE:IT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.02. The company earned $610 million during the quarter, compared to analysts’ expectations of $596.78 million. Gartner had a net margin of 7.97% and a negative return on equity of 197.12%. Gartner’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. On average, analysts predict that Gartner Inc. will post $2.81 EPS for the current year.
Several research firms have commented on IT. Zacks Investment Research raised shares of Gartner from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $100.00 price target on shares of Gartner in a report on Friday, August 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $109.00 price target (down previously from $111.00) on shares of Gartner in a report on Sunday, August 7th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $90.00 price target (down previously from $93.00) on shares of Gartner in a report on Monday, August 8th. Finally, Morgan Stanley set a $101.00 price target on shares of Gartner and gave the company a “hold” rating in a report on Friday, August 5th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $99.08.
In other news, SVP David Godfrey sold 10,198 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $94.10, for a total value of $959,631.80. Following the sale, the senior vice president now directly owns 29,570 shares of the company’s stock, valued at approximately $2,782,537. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen E. Dykstra sold 3,086 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $90.98, for a total transaction of $280,764.28. Following the completion of the sale, the director now directly owns 18,763 shares in the company, valued at $1,707,057.74. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.
Gartner Company Profile
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