IFM Investors Pty Ltd Has $3.55 Million Holdings in Gartner, Inc. (NYSE:IT)

IFM Investors Pty Ltd lifted its holdings in Gartner, Inc. (NYSE:IT) by 0.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,667 shares of the information technology services provider’s stock after acquiring an additional 49 shares during the quarter. IFM Investors Pty Ltd’s holdings in Gartner were worth $3,545,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. AXA S.A. lifted its holdings in shares of Gartner by 6,628.7% in the second quarter. AXA S.A. now owns 82,561 shares of the information technology services provider’s stock worth $19,996,000 after acquiring an additional 81,334 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Gartner by 3.4% in the second quarter. Toronto Dominion Bank now owns 54,669 shares of the information technology services provider’s stock worth $13,241,000 after acquiring an additional 1,781 shares during the last quarter. CWM Advisors LLC lifted its holdings in shares of Gartner by 4.1% in the second quarter. CWM Advisors LLC now owns 8,177 shares of the information technology services provider’s stock worth $1,980,000 after acquiring an additional 325 shares during the last quarter. PDT Partners LLC lifted its holdings in shares of Gartner by 250.0% in the second quarter. PDT Partners LLC now owns 5,600 shares of the information technology services provider’s stock worth $1,356,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gartner by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 559,629 shares of the information technology services provider’s stock worth $135,544,000 after acquiring an additional 37,419 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Gartner stock opened at $326.11 on Thursday. The company has a debt-to-equity ratio of 7.35, a quick ratio of 0.73 and a current ratio of 0.73. Gartner, Inc. has a 52-week low of $149.74 and a 52-week high of $368.99. The firm has a 50 day moving average price of $319.92 and a two-hundred day moving average price of $283.46. The firm has a market cap of $26.82 billion, a price-to-earnings ratio of 40.46 and a beta of 1.56.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 2nd. The information technology services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.38. Gartner had a net margin of 15.50% and a return on equity of 96.53%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business earned $0.91 EPS. As a group, equities research analysts predict that Gartner, Inc. will post 8.72 EPS for the current fiscal year.

In other news, EVP Yvonne Genovese sold 110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $337.12, for a total transaction of $37,083.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig Safian sold 4,267 shares of Gartner stock in a transaction on Monday, August 30th. The shares were sold at an average price of $307.40, for a total transaction of $1,311,675.80. Following the completion of the sale, the chief financial officer now directly owns 54,112 shares of the company’s stock, valued at approximately $16,634,028.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,363 shares of company stock valued at $12,383,051. Company insiders own 3.60% of the company’s stock.

A number of research firms have recently commented on IT. Zacks Investment Research cut shares of Gartner from a “strong-buy” rating to a “hold” rating and set a $323.00 target price for the company. in a report on Tuesday, October 5th. Morgan Stanley lowered shares of Gartner from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $341.00 to $363.00 in a report on Wednesday, November 3rd. Barclays raised their price objective on shares of Gartner from $300.00 to $350.00 and gave the company an “equal weight” rating in a report on Friday, November 5th. BMO Capital Markets raised their price objective on shares of Gartner from $303.00 to $339.00 and gave the company a “market perform” rating in a report on Wednesday, November 3rd. They noted that the move was a valuation call. Finally, William Blair reiterated an “outperform” rating on shares of Gartner in a report on Tuesday, August 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $302.86.

About Gartner

Gartner, Inc is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance.

Recommended Story: Closed-End Mutual Funds (CEFs)

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT).

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.