Caldera Capital LLC raised its holdings in Gartner, Inc. (NYSE:IT) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,565 shares of the information technology services provider’s stock after acquiring an additional 6,089 shares during the quarter. Gartner comprises 12.7% of Caldera Capital LLC’s portfolio, making the stock its 2nd largest position. Caldera Capital LLC owned approximately 0.12% of Gartner worth $13,655,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in IT. TimesSquare Capital Management LLC boosted its position in shares of Gartner by 10.8% during the first quarter. TimesSquare Capital Management LLC now owns 2,208,950 shares of the information technology services provider’s stock worth $238,545,000 after purchasing an additional 215,550 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Gartner by 249.0% during the second quarter. Virginia Retirement Systems ET AL now owns 17,100 shares of the information technology services provider’s stock worth $2,112,000 after purchasing an additional 12,200 shares in the last quarter. OZ Management LP bought a new position in shares of Gartner during the second quarter worth $63,411,000. JPMorgan Chase & Co. boosted its position in shares of Gartner by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 1,254,564 shares of the information technology services provider’s stock worth $154,949,000 after purchasing an additional 77,018 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Gartner by 1.4% during the first quarter. Principal Financial Group Inc. now owns 337,570 shares of the information technology services provider’s stock worth $36,455,000 after purchasing an additional 4,645 shares in the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “top pick” rating and set a $142.00 price target (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Wednesday, July 19th. BidaskClub cut shares of Gartner from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Credit Suisse Group reissued an “outperform” rating and set a $138.00 price target (up from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $105.00 price target on shares of Gartner in a research report on Thursday, August 31st. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $126.56.
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Shares of Gartner, Inc. (IT) traded down 0.80% during midday trading on Friday, hitting $121.26. 1,483,397 shares of the company were exchanged. The firm’s 50 day moving average price is $121.84 and its 200 day moving average price is $117.46. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 248.99 and a beta of 1.04. Gartner, Inc. has a one year low of $84.54 and a one year high of $130.02.
Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The business had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 103.10%. Gartner’s revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. Analysts forecast that Gartner, Inc. will post $3.41 EPS for the current fiscal year.
In related news, SVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total transaction of $118,620.00. Following the transaction, the senior vice president now directly owns 27,137 shares of the company’s stock, valued at $3,218,990.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total transaction of $585,100.00. Following the transaction, the director now directly owns 29,895 shares in the company, valued at $3,498,312.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,363 shares of company stock worth $2,775,387. 4.40% of the stock is owned by insiders.
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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