Gartner Inc (IT) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its stake in shares of Gartner Inc (NYSE:IT) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,781 shares of the information technology services provider’s stock after selling 70,350 shares during the quarter. Schroder Investment Management Group owned about 0.44% of Gartner worth $53,257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IT. PNC Financial Services Group Inc. boosted its position in Gartner by 7.7% during the first quarter. PNC Financial Services Group Inc. now owns 37,192 shares of the information technology services provider’s stock worth $4,372,000 after purchasing an additional 2,663 shares during the period. BNP Paribas Arbitrage SA boosted its position in Gartner by 52.4% during the first quarter. BNP Paribas Arbitrage SA now owns 16,124 shares of the information technology services provider’s stock worth $1,897,000 after purchasing an additional 5,543 shares during the period. Asset Management One Co. Ltd. boosted its position in Gartner by 0.5% during the first quarter. Asset Management One Co. Ltd. now owns 141,485 shares of the information technology services provider’s stock worth $16,642,000 after purchasing an additional 662 shares during the period. Principal Financial Group Inc. boosted its position in Gartner by 22.6% during the first quarter. Principal Financial Group Inc. now owns 3,589,077 shares of the information technology services provider’s stock worth $422,148,000 after purchasing an additional 662,107 shares during the period. Finally, Profund Advisors LLC boosted its position in Gartner by 14.7% during the first quarter. Profund Advisors LLC now owns 3,153 shares of the information technology services provider’s stock worth $371,000 after purchasing an additional 403 shares during the period. 96.80% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Gartner from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th. Wells Fargo & Co lifted their price objective on shares of Gartner from $130.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday, October 1st. Morgan Stanley reaffirmed a “hold” rating and set a $149.00 price objective (up from $142.00) on shares of Gartner in a research report on Thursday, September 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $161.00 price objective (up from $147.00) on shares of Gartner in a research report on Friday, August 31st. Finally, Barclays reaffirmed a “buy” rating and set a $155.00 price objective on shares of Gartner in a research report on Sunday, August 12th. Five investment 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 $148.73.

In other news, EVP Mr Thomas Christopher sold 1,400 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $149.81, for a total value of $209,734.00. Following the completion of the sale, the executive vice president now owns 18,738 shares of the company’s stock, valued at $2,807,139.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 4,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.09, for a total transaction of $560,360.00. Following the completion of the sale, the executive vice president now directly owns 16,916 shares of the company’s stock, valued at approximately $2,369,762.44. The disclosure for this sale can be found here. In the last three months, insiders sold 55,306 shares of company stock valued at $7,795,227. 4.00% of the stock is currently owned by company insiders.

Shares of Gartner stock opened at $153.21 on Tuesday. The stock has a market capitalization of $14.39 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 2.82 and a beta of 1.19. Gartner Inc has a 52-week low of $111.57 and a 52-week high of $161.21. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.64 and a quick ratio of 0.64.

Gartner (NYSE:IT) last announced its earnings results on Wednesday, August 1st. The information technology services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $985.98 million. Gartner had a net margin of 2.25% and a return on equity of 35.04%. Gartner’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. As a group, analysts anticipate that Gartner Inc will post 3.75 earnings per share for the current year.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. 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 our 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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