Connable Office Inc. held its stake in shares of Gartner, Inc. (NYSE:IT) during the second quarter, Holdings Channel reports. The fund owned 2,500 shares of the information technology services provider’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Gartner were worth $309,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IT. TimesSquare Capital Management LLC increased its stake in shares of Gartner by 10.8% in 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 buying an additional 215,550 shares during the period. Principal Financial Group Inc. increased its position in Gartner by 1.4% in 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 buying an additional 4,645 shares during the last quarter. Caldera Capital LLC acquired a new position in Gartner during the first quarter worth approximately $11,282,000. State of Alaska Department of Revenue increased its position in Gartner by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 3,832 shares of the information technology services provider’s stock worth $473,000 after buying an additional 50 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Gartner by 1.3% in the first quarter. Wellington Management Group LLP now owns 1,220,878 shares of the information technology services provider’s stock worth $131,841,000 after buying an additional 15,973 shares during the last quarter. 87.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Gartner, Inc. (NYSE IT) opened at 117.11 on Friday. The company’s 50 day moving average is $125.75 and its 200-day moving average is $113.99. The firm has a market cap of $10.61 billion, a PE ratio of 240.47 and a beta of 1.05. Gartner, Inc. has a 12 month low of $84.54 and a 12 month high of $130.02.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $843.73 million during the quarter, compared to analysts’ expectations of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities research analysts predict that Gartner, Inc. will post $3.42 EPS for the current year.

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A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $128.00 price objective on shares of Gartner in a report on Monday, May 8th. Royal Bank Of Canada raised their price objective on shares of Gartner from $124.00 to $130.00 and gave the stock a “top pick” rating in a report on Friday, May 5th. Morgan Stanley raised their price objective on shares of Gartner from $106.00 to $112.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Wednesday, July 19th. Finally, TheStreet downgraded shares of Gartner from a “b” rating to a “c+” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Gartner presently has an average rating of “Buy” and a consensus target price of $126.44.

In other news, SVP David Godfrey sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $120.41, for a total value of $171,584.25. Following the completion of the transaction, the senior vice president now owns 10,759 shares of the company’s stock, valued at $1,295,491.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alwyn Dawkins sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were 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 of the company’s stock, valued at approximately $3,375,314.25. The disclosure for this sale can be found here. Insiders sold 49,297 shares of company stock valued at $5,793,254 in the last ninety days. 4.40% of the stock is currently 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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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