Public Employees Retirement Association of Colorado increased its position in shares of Gartner, Inc. (NYSE:IT) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,338 shares of the information technology services provider’s stock after buying an additional 1,877 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Gartner were worth $2,388,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IT. Creative Planning raised its position in Gartner by 1.2% in the second quarter. Creative Planning now owns 1,950 shares of the information technology services provider’s stock valued at $241,000 after buying an additional 23 shares during the period. Isthmus Partners LLC raised its position in Gartner by 0.3% in the first quarter. Isthmus Partners LLC now owns 9,283 shares of the information technology services provider’s stock valued at $1,002,000 after buying an additional 32 shares during the period. Genesee Valley Trust Co. raised its position in Gartner by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 11,353 shares of the information technology services provider’s stock valued at $1,226,000 after buying an additional 35 shares during the period. First Mercantile Trust Co. raised its position in Gartner by 1.1% in the first quarter. First Mercantile Trust Co. now owns 3,321 shares of the information technology services provider’s stock valued at $359,000 after buying an additional 37 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in Gartner by 0.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 6,511 shares of the information technology services provider’s stock valued at $704,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 87.01% of the company’s stock.

Gartner, Inc. (NYSE:IT) opened at 122.30 on Wednesday. Gartner, Inc. has a one year low of $84.54 and a one year high of $130.02. The firm has a 50 day moving average of $125.94 and a 200 day moving average of $113.36. The firm has a market capitalization of $11.06 billion, a PE ratio of 55.59 and a beta of 1.05.

Gartner (NYSE:IT) last posted 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 $0.84 by $0.04. The company had revenue of $843.73 million during the quarter, compared to analyst estimates of $892.64 million. Gartner had a return on equity of 954.04% and a net margin of 7.22%. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Equities analysts forecast that Gartner, Inc. will post $3.48 EPS for the current year.

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Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada restated a “top pick” rating and set a $142.00 price objective (up previously from $130.00) on shares of Gartner in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Wednesday, July 19th. Credit Suisse Group raised their price objective on shares of Gartner from $124.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Morgan Stanley raised their price objective on shares of Gartner from $106.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $128.00 price objective on shares of Gartner in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $125.56.

In related news, SVP Alwyn Dawkins sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $116.05, for a total value of $162,470.00. Following the completion of the transaction, the senior vice president now directly owns 29,085 shares in the company, valued at approximately $3,375,314.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen E. Dykstra sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $120.61, for a total value of $301,525.00. Following the completion of the transaction, the director now owns 18,223 shares of the company’s stock, valued at $2,197,876.03. The disclosure for this sale can be found here. Insiders have sold a total of 49,297 shares of company stock valued at $5,793,254 over the last 90 days. Corporate insiders own 4.40% of the company’s stock.

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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