Gartner, Inc. (NYSE:IT) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in Gartner, Inc. (NYSE:IT) by 3.9% during the third quarter, HoldingsChannel.com reports. The fund owned 18,621 shares of the information technology services provider’s stock after buying an additional 702 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Gartner were worth $5,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AXA S.A. grew its holdings in shares of Gartner by 6,628.7% during the second quarter. AXA S.A. now owns 82,561 shares of the information technology services provider’s stock valued at $19,996,000 after buying an additional 81,334 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Gartner by 3.4% during the second quarter. Toronto Dominion Bank now owns 54,669 shares of the information technology services provider’s stock valued at $13,241,000 after buying an additional 1,781 shares in the last quarter. CWM Advisors LLC grew its holdings in shares of Gartner by 4.1% during the second quarter. CWM Advisors LLC now owns 8,177 shares of the information technology services provider’s stock valued at $1,980,000 after buying an additional 325 shares in the last quarter. PDT Partners LLC grew its holdings in shares of Gartner by 250.0% during the second quarter. PDT Partners LLC now owns 5,600 shares of the information technology services provider’s stock valued at $1,356,000 after buying an additional 4,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Gartner by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 559,629 shares of the information technology services provider’s stock valued at $135,544,000 after buying an additional 37,419 shares in the last quarter. Institutional investors and hedge funds own 91.22% of the company’s stock.

Shares of NYSE:IT opened at $286.01 on Friday. Gartner, Inc. has a fifty-two week low of $149.74 and a fifty-two week high of $368.99. The business has a 50-day moving average of $320.15 and a two-hundred day moving average of $304.60. The stock has a market capitalization of $23.52 billion, a P/E ratio of 35.49 and a beta of 1.55. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.73 and a quick ratio of 0.73.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 2nd. The information technology services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.38. Gartner had a return on equity of 96.53% and a net margin of 15.50%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, research analysts expect that Gartner, Inc. will post 8.72 EPS for the current fiscal year.

A number of research analysts have recently weighed in on IT shares. BMO Capital Markets lifted their price target on Gartner from $303.00 to $339.00 and gave the company a “market perform” rating in a report on Wednesday, November 3rd. They noted that the move was a valuation call. Morgan Stanley lowered their target price on Gartner from $363.00 to $357.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 5th. Robert W. Baird boosted their target price on Gartner from $325.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, November 3rd. Barclays boosted their target price on Gartner from $300.00 to $350.00 and gave the company an “equal weight” rating in a research note on Friday, November 5th. Finally, Zacks Investment Research downgraded Gartner from a “strong-buy” rating to a “hold” rating and set a $336.00 target price on the stock. in a research note on Tuesday, January 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus price target of $324.00.

In other Gartner news, EVP Yvonne Genovese sold 110 shares of the company’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $337.12, for a total value of $37,083.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne Sutherland Fuchs sold 872 shares of the company’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $329.25, for a total value of $287,106.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,459 shares of company stock valued at $12,791,207 in the last three months. 3.60% of the stock is owned by insiders.

About Gartner

Gartner, Inc is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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