BlackRock Inc. lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 24.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,177,900 shares of the information technology services provider’s stock after selling 1,996,929 shares during the quarter. BlackRock Inc. owned about 6.83% of Gartner worth $763,034,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. TimesSquare Capital Management LLC lifted 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 lifted 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. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Gartner by 3.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 209,092 shares of the information technology services provider’s stock worth $25,825,000 after purchasing an additional 7,596 shares in the last quarter. OZ Management LP acquired a new stake in shares of Gartner during the second quarter worth about $63,411,000. Finally, Atlantic Trust Group LLC acquired a new stake in shares of Gartner during the second quarter worth about $1,297,000. 91.93% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have recently issued reports on IT shares. BMO Capital Markets reissued an “outperform” rating and set a $132.00 price target (down previously from $137.00) on shares of Gartner in a research report on Monday, August 14th. 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 previously from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued a “top pick” rating and set a $142.00 price target (up previously from $130.00) on shares of Gartner in a research report on Friday, July 21st. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Gartner presently has an average rating of “Buy” and a consensus target price of $126.56.

Shares of Gartner, Inc. (NYSE:IT) opened at 124.42 on Thursday. The company has a 50-day moving average of $121.55 and a 200 day moving average of $117.93. The firm has a market cap of $11.27 billion, a PE ratio of 255.48 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 released its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 103.10% and a net margin of 1.50%. Gartner’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. On average, equities research analysts expect that Gartner, Inc. will post $3.41 EPS for the current fiscal year.

In other Gartner news, SVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $118.62, for a total value of $118,620.00. Following the completion of the transaction, the senior vice president now owns 27,137 shares in the company, valued at approximately $3,218,990.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robin B. Kranich sold 7,487 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the transaction, the senior vice president now owns 21,298 shares of the company’s stock, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,363 shares of company stock valued at $2,775,387. 4.40% of the stock is owned by company insiders.

Gartner 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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