Gartner Inc (NYSE:IT) Shares Purchased by Carderock Capital Management Inc.

Carderock Capital Management Inc. boosted its position in Gartner Inc (NYSE:IT) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,314 shares of the information technology services provider’s stock after purchasing an additional 770 shares during the quarter. Carderock Capital Management Inc.’s holdings in Gartner were worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Gartner by 1.5% during the 3rd quarter. Rhumbline Advisers now owns 158,441 shares of the information technology services provider’s stock valued at $22,655,000 after acquiring an additional 2,308 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Gartner by 58.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 74,300 shares of the information technology services provider’s stock valued at $10,624,000 after acquiring an additional 27,500 shares during the last quarter. Alberta Investment Management Corp grew its holdings in shares of Gartner by 12.4% during the 3rd quarter. Alberta Investment Management Corp now owns 28,100 shares of the information technology services provider’s stock worth $4,018,000 after purchasing an additional 3,100 shares during the period. Squar Milner Financial Services LLC grew its holdings in shares of Gartner by 116.3% during the 3rd quarter. Squar Milner Financial Services LLC now owns 318 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 171 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of Gartner by 0.5% during the 3rd quarter. State of Michigan Retirement System now owns 21,699 shares of the information technology services provider’s stock worth $3,103,000 after purchasing an additional 100 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

IT has been the subject of a number of research reports. ValuEngine upgraded Gartner from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Morgan Stanley decreased their target price on Gartner from $156.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. Finally, BMO Capital Markets decreased their target price on Gartner to $142.00 and set a “market perform” rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $151.00.

In other Gartner news, EVP Alwyn Dawkins sold 771 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $129.52, for a total value of $99,859.92. Following the completion of the transaction, the executive vice president now owns 34,235 shares in the company, valued at approximately $4,434,117.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 1,828 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $136.75, for a total value of $249,979.00. Following the completion of the transaction, the director now owns 27,237 shares of the company’s stock, valued at approximately $3,724,659.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,499 shares of company stock valued at $601,805. 4.00% of the stock is owned by company insiders.

Shares of NYSE:IT opened at $142.84 on Thursday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 0.68. Gartner Inc has a 1 year low of $120.89 and a 1 year high of $171.77. The stock has a market capitalization of $12.89 billion, a P/E ratio of 37.69, a PEG ratio of 3.12 and a beta of 1.24. The stock has a 50-day simple moving average of $141.11 and a 200-day simple moving average of $150.09.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.27. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Gartner had a return on equity of 41.29% and a net margin of 5.43%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Analysts predict that Gartner Inc will post 3.51 earnings per share for the current year.

Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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