Gartner Inc (IT) Holdings Lifted by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in Gartner Inc (NYSE:IT) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,046 shares of the information technology services provider’s stock after purchasing an additional 4,688 shares during the quarter. Toronto Dominion Bank’s holdings in Gartner were worth $4,809,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Gartner by 59.0% in the second quarter. Dimensional Fund Advisors LP now owns 315,351 shares of the information technology services provider’s stock valued at $38,950,000 after purchasing an additional 116,983 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Gartner by 6.7% in the third quarter. California Public Employees Retirement System now owns 245,296 shares of the information technology services provider’s stock valued at $30,517,000 after purchasing an additional 15,471 shares during the last quarter. Swiss National Bank grew its position in shares of Gartner by 1.1% in the third quarter. Swiss National Bank now owns 454,090 shares of the information technology services provider’s stock valued at $56,493,000 after purchasing an additional 4,900 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Gartner by 10.8% in the third quarter. Parametric Portfolio Associates LLC now owns 150,877 shares of the information technology services provider’s stock valued at $18,771,000 after purchasing an additional 14,749 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Gartner by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 268,770 shares of the information technology services provider’s stock valued at $33,438,000 after purchasing an additional 2,671 shares during the last quarter. Institutional investors and hedge funds own 96.97% of the company’s stock.

Shares of Gartner Inc (NYSE:IT) opened at $115.97 on Wednesday. Gartner Inc has a 1 year low of $101.20 and a 1 year high of $142.16. The stock has a market cap of $10,700.44, a P/E ratio of 35.77, a P/E/G ratio of 1.94 and a beta of 1.06. 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 (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.15). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Gartner had a return on equity of 49.06% and a net margin of 0.10%. The firm’s revenue was up 44.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. analysts forecast that Gartner Inc will post 3.92 EPS for the current year.

IT has been the topic of a number of analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $139.00 target price on shares of Gartner in a research report on Thursday, November 2nd. Zacks Investment Research lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Robert W. Baird restated a “buy” rating and set a $135.00 target price on shares of Gartner in a research report on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating and set a $104.00 target price on shares of Gartner in a research report on Friday, November 3rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $143.00 target price on shares of Gartner in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $138.90.

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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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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