Scotia Capital Inc. Takes Position in Gartner Inc (IT)
Scotia Capital Inc. bought a new stake in shares of Gartner Inc (NYSE:IT) during the 4th quarter, HoldingsChannel.com reports. The firm bought 2,503 shares of the information technology services provider’s stock, valued at approximately $308,000.
Other large investors also recently made changes to their positions in the company. MML Investors Services LLC grew its stake in Gartner by 17.0% during the 4th quarter. MML Investors Services LLC now owns 4,006 shares of the information technology services provider’s stock valued at $493,000 after purchasing an additional 581 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Gartner by 44.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 102,992 shares of the information technology services provider’s stock valued at $12,684,000 after purchasing an additional 31,796 shares in the last quarter. Geode Capital Management LLC grew its stake in Gartner by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 1,024,977 shares of the information technology services provider’s stock valued at $125,975,000 after purchasing an additional 44,980 shares in the last quarter. Amalgamated Bank grew its stake in Gartner by 5.2% during the 4th quarter. Amalgamated Bank now owns 18,952 shares of the information technology services provider’s stock valued at $2,334,000 after purchasing an additional 935 shares in the last quarter. Finally, Lunia Capital LP acquired a new stake in Gartner during the 4th quarter valued at approximately $9,859,000. Institutional investors and hedge funds own 96.78% of the company’s stock.
In other news, CEO Eugene A. Hall sold 49,687 shares of Gartner stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $116.39, for a total value of $5,783,069.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 5,713 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $116.15, for a total value of $663,564.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,855 shares of company stock valued at $9,573,026. Insiders own 4.30% of the company’s stock.
Gartner Inc (IT) opened at $124.33 on Wednesday. The company has a market capitalization of $11,270.56, a P/E ratio of 37.60, a PEG ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.92 and a quick ratio of 0.92. Gartner Inc has a 12-month low of $107.00 and a 12-month high of $142.16.
Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.15). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Gartner had a return on equity of 42.47% and a net margin of 0.10%. Gartner’s revenue was up 44.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. research analysts expect that Gartner Inc will post 3.92 earnings per share for the current year.
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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