Eaton Vance Management grew its position in Gartner Inc (NYSE:IT) by 35.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,301 shares of the information technology services provider’s stock after purchasing an additional 4,011 shares during the quarter. Eaton Vance Management’s holdings in Gartner were worth $1,800,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Great Lakes Advisors LLC raised its holdings in shares of Gartner by 40.4% in the 1st quarter. Great Lakes Advisors LLC now owns 43,755 shares of the information technology services provider’s stock valued at $5,146,000 after purchasing an additional 12,594 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Gartner by 76.8% in the 1st quarter. State of Wisconsin Investment Board now owns 101,636 shares of the information technology services provider’s stock valued at $11,954,000 after purchasing an additional 44,134 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Gartner by 1.8% in the 1st quarter. M&T Bank Corp now owns 29,533 shares of the information technology services provider’s stock valued at $3,474,000 after purchasing an additional 521 shares in the last quarter. Wrapmanager Inc. raised its holdings in shares of Gartner by 17.9% in the 1st quarter. Wrapmanager Inc. now owns 4,832 shares of the information technology services provider’s stock valued at $568,000 after purchasing an additional 734 shares in the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Gartner in the 1st quarter valued at $1,795,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
IT has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of Gartner from $120.00 to $131.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Cantor Fitzgerald reiterated a “buy” rating and set a $139.00 price target on shares of Gartner in a research note on Tuesday, February 6th. Zacks Investment Research lowered shares of Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. BMO Capital Markets lifted 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. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $136.00 price target on shares of Gartner in a research note on Tuesday, January 30th. Five equities research 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 an average rating of “Buy” and an average price target of $141.40.
NYSE IT opened at $131.35 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13. Gartner Inc has a one year low of $111.57 and a one year high of $142.16.
Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 8th. The information technology services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $964.00 million for the quarter, compared to analyst estimates of $921.22 million. Gartner had a negative net margin of 1.45% and a positive return on equity of 33.99%. Gartner’s quarterly revenue was up 54.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. equities analysts anticipate that Gartner Inc will post 3.75 earnings per share for the current year.
In other news, EVP Alwyn Dawkins sold 1,500 shares of Gartner stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $135.32, for a total value of $202,980.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 5,713 shares of Gartner 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,757 shares of company stock worth $11,154,003. 4.00% of the stock is currently owned by company insiders.
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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