Bamco Inc. NY Has $815.40 Million Position in Gartner (IT)

Bamco Inc. NY cut its stake in Gartner (NYSE:IT) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,932,476 shares of the information technology services provider’s stock after selling 115,034 shares during the period. Gartner comprises approximately 3.8% of Bamco Inc. NY’s portfolio, making the stock its 4th largest position. Bamco Inc. NY owned about 7.63% of Gartner worth $815,398,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Gartner by 2.6% in the fourth quarter. BlackRock Inc. now owns 6,750,760 shares of the information technology services provider’s stock worth $831,356,000 after acquiring an additional 169,981 shares in the last quarter. Polen Capital Management LLC grew its position in Gartner by 1.5% in the fourth quarter. Polen Capital Management LLC now owns 4,132,209 shares of the information technology services provider’s stock worth $508,882,000 after acquiring an additional 60,017 shares in the last quarter. TimesSquare Capital Management LLC grew its position in Gartner by 5.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,352,550 shares of the information technology services provider’s stock worth $289,717,000 after acquiring an additional 121,350 shares in the last quarter. Atlanta Capital Management Co. L L C grew its position in Gartner by 18.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,202,047 shares of the information technology services provider’s stock worth $271,182,000 after acquiring an additional 339,426 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Gartner by 28.7% in the first quarter. Wells Fargo & Company MN now owns 1,484,145 shares of the information technology services provider’s stock worth $174,566,000 after purchasing an additional 330,798 shares during the last quarter. Institutional investors own 97.00% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Gartner from a “sell” rating to a “hold” rating in a research note on Monday. TheStreet downgraded shares of Gartner from a “b-” rating to a “c” rating in a research note on Tuesday, May 8th. ValuEngine raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Wells Fargo set a $130.00 price target on shares of Gartner and gave the stock a “hold” rating in a research note on Wednesday, May 9th. Finally, BMO Capital Markets boosted their price target on shares of Gartner from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Gartner currently has an average rating of “Buy” and an average price target of $141.40.

Gartner opened at $133.23 on Friday, MarketBeat reports. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. Gartner has a twelve month low of $134.18 and a twelve month high of $135.41.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 8th. The information technology services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $964.00 million during the quarter, compared to the consensus estimate of $921.22 million. Gartner had a negative net margin of 1.45% and a positive return on equity of 33.99%. The company’s quarterly revenue was up 54.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. equities analysts anticipate that Gartner will post 3.75 EPS for the current fiscal year.

In other news, EVP Robin B. Kranich sold 5,713 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $116.15, for a total transaction of $663,564.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eugene A. Hall sold 49,687 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $116.39, for a total transaction of $5,783,069.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,757 shares of company stock valued at $11,154,003. Insiders own 4.30% of the company’s stock.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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