Nomura Asset Management Co. Ltd. reduced its position in shares of Gartner, Inc. (NYSE:IT) by 36.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,800 shares of the information technology services provider’s stock after selling 6,718 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Gartner were worth $1,468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in Gartner by 466.7% in the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after acquiring an additional 798 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Gartner by 9.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after acquiring an additional 103 shares in the last quarter. Commonwealth Bank of Australia grew its position in Gartner by 20.0% in the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after acquiring an additional 200 shares in the last quarter. Advisors Asset Management Inc. grew its position in Gartner by 52.4% in the third quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock worth $183,000 after acquiring an additional 505 shares in the last quarter. Finally, Parkwood LLC purchased a new position in Gartner in the third quarter worth $201,000. Hedge funds and other institutional investors own 96.43% of the company’s stock.

Several analysts have weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Gartner in a research note on Wednesday, November 8th. They issued a “buy” rating and a $146.00 price target for the company. Royal Bank of Canada reissued a “buy” rating and issued a $143.00 price target on shares of Gartner in a research note on Friday, November 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $104.00 price target on shares of Gartner in a research note on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and issued a $135.00 price target on shares of Gartner in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $132.60.

Shares of Gartner, Inc. (NYSE IT) traded down $1.28 during trading hours on Friday, hitting $120.05. 280,100 shares of the stock traded hands, compared to its average volume of 676,562. The company has a market capitalization of $10,998.69, a P/E ratio of 39.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner, Inc. has a 52-week low of $90.37 and a 52-week high of $130.02.

Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.52 by $0.13. The firm had revenue of $828.09 million during the quarter, compared to the consensus estimate of $826.09 million. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The company’s quarterly revenue was up 44.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. equities research analysts expect that Gartner, Inc. will post 3.43 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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