Prudential Financial Inc. Has $4,902,000 Stake in Gartner Inc. (IT)
Prudential Financial Inc. increased its stake in Gartner Inc. (NYSE:IT) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,321 shares of the company’s stock after buying an additional 690 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Gartner worth $4,902,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Gartner by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 187,043 shares of the company’s stock valued at $18,216,000 after buying an additional 1,302 shares during the period. Teacher Retirement System of Texas boosted its position in Gartner by 31.0% in the second quarter. Teacher Retirement System of Texas now owns 5,910 shares of the company’s stock valued at $576,000 after buying an additional 1,398 shares during the last quarter. Denver Investment Advisors LLC boosted its position in Gartner by 0.8% in the second quarter. Denver Investment Advisors LLC now owns 5,019 shares of the company’s stock valued at $489,000 after buying an additional 39 shares during the last quarter. Eaton Vance Management acquired a new position in Gartner during the second quarter valued at about $498,000. Finally, SECOR Capital Advisors LP acquired a new position in Gartner during the second quarter valued at about $2,316,000. Institutional investors and hedge funds own 90.45% of the company’s stock.
Shares of Gartner Inc. (NYSE:IT) opened at 87.91 on Friday. The company’s 50 day moving average price is $89.49 and its 200-day moving average price is $93.85. Gartner Inc. has a 1-year low of $77.80 and a 1-year high of $103.00. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 40.09 and a beta of 1.03.
Gartner (NYSE:IT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.02. Gartner had a net margin of 7.97% and a negative return on equity of 197.12%. The company had revenue of $610 million for the quarter, compared to analyst estimates of $596.78 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts expect that Gartner Inc. will post $2.81 EPS for the current fiscal year.
Several research analysts have issued reports on the company. BMO Capital Markets reiterated a “hold” rating and issued a $100.00 price objective on shares of Gartner in a research report on Friday, August 5th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $90.00 price objective (down previously from $93.00) on shares of Gartner in a research report on Monday, August 8th. Zacks Investment Research cut Gartner from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Morgan Stanley set a $101.00 price objective on Gartner and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Gartner in a research report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $99.08.
In other Gartner news, Director Karen E. Dykstra sold 3,086 shares of Gartner stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $90.98, for a total transaction of $280,764.28. Following the sale, the director now owns 18,763 shares of the company’s stock, valued at approximately $1,707,057.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Godfrey sold 10,198 shares of Gartner stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $94.10, for a total value of $959,631.80. Following the sale, the senior vice president now directly owns 29,570 shares in the company, valued at approximately $2,782,537. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.
Gartner Company Profile
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