Jennison Associates LLC decreased its position in Gartner Inc. (NYSE:IT) by 58.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,708 shares of the company’s stock after selling 20,291 shares during the period. Jennison Associates LLC’s holdings in Gartner were worth $1,301,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Mutual of America Capital Management LLC increased its position in shares of Gartner by 2.4% in the third quarter. Mutual of America Capital Management LLC now owns 62,747 shares of the company’s stock worth $5,550,000 after buying an additional 1,494 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Gartner by 97.0% in the third quarter. Quantbot Technologies LP now owns 7,163 shares of the company’s stock worth $633,000 after buying an additional 3,527 shares during the last quarter. Isthmus Partners LLC increased its position in shares of Gartner by 0.8% in the third quarter. Isthmus Partners LLC now owns 8,530 shares of the company’s stock worth $757,000 after buying an additional 70 shares during the last quarter. Nippon Life Insurance Co. purchased a new position in shares of Gartner during the third quarter worth approximately $1,546,000. Finally, Peregrine Capital Management LLC purchased a new position in shares of Gartner during the third quarter worth approximately $11,302,000. Hedge funds and other institutional investors own 91.21% of the company’s stock.
Shares of Gartner Inc. (NYSE:IT) opened at 103.67 on Friday. The stock has a market capitalization of $8.56 billion, a PE ratio of 45.17 and a beta of 1.06. The stock has a 50 day moving average of $93.34 and a 200-day moving average of $94.98. Gartner Inc. has a one year low of $77.80 and a one year high of $104.62.
Gartner (NYSE:IT) last issued its earnings results on Thursday, November 3rd. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.08. Gartner had a net margin of 7.73% and a negative return on equity of 306.16%. The business had revenue of $574.10 million for the quarter, compared to the consensus estimate of $562.68 million. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts predict that Gartner Inc. will post $2.95 earnings per share for the current fiscal year.
A number of brokerages recently commented on IT. Zacks Investment Research upgraded shares of Gartner from a “sell” rating to a “hold” rating and set a $110.00 target price for the company in a research note on Tuesday, November 8th. Macquarie assumed coverage on shares of Gartner in a research note on Thursday, August 25th. They set an “outperform” rating and a $108.00 target price for the company. Cantor Fitzgerald restated a “buy” rating on shares of Gartner in a research note on Friday, August 19th. Piper Jaffray Cos. restated a “neutral” rating and issued a $90.00 price objective (down previously from $93.00) on shares of Gartner in a research note on Monday, August 8th. Finally, Robert W. Baird restated an “outperform” rating and issued a $109.00 price objective (down previously from $111.00) on shares of Gartner in a research note on Sunday, August 7th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $102.09.
In other news, SVP Alwyn Dawkins sold 2,600 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $94.99, for a total value of $246,974.00. Following the transaction, the senior vice president now owns 19,116 shares of the company’s stock, valued at approximately $1,815,828.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.40% of the stock is currently owned by insiders.
Gartner Company Profile