Gartner Inc (IT) Shares Bought by Aperio Group LLC

Aperio Group LLC grew its holdings in Gartner Inc (NYSE:IT) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,094 shares of the information technology services provider’s stock after buying an additional 862 shares during the quarter. Aperio Group LLC’s holdings in Gartner were worth $3,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Gartner by 22.6% during the first quarter. Principal Financial Group Inc. now owns 3,589,077 shares of the information technology services provider’s stock worth $422,148,000 after purchasing an additional 662,107 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Gartner during the first quarter worth approximately $207,000. Millennium Management LLC boosted its holdings in shares of Gartner by 33.6% during the first quarter. Millennium Management LLC now owns 9,714 shares of the information technology services provider’s stock worth $1,143,000 after purchasing an additional 2,441 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Gartner by 21.2% during the first quarter. Brown Advisory Inc. now owns 16,681 shares of the information technology services provider’s stock worth $1,963,000 after purchasing an additional 2,921 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Gartner by 36.9% during the second quarter. IFM Investors Pty Ltd now owns 4,515 shares of the information technology services provider’s stock worth $600,000 after purchasing an additional 1,218 shares during the period.

In other news, CEO Eugene A. Hall sold 38,995 shares of Gartner stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $139.26, for a total value of $5,430,443.70. Following the transaction, the chief executive officer now owns 1,173,882 shares of the company’s stock, valued at $163,474,807.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Alwyn Dawkins sold 6,545 shares of Gartner stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $146.89, for a total transaction of $961,395.05. Following the completion of the transaction, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $4,738,524.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,306 shares of company stock worth $7,234,867. Insiders own 4.30% of the company’s stock.

Several research firms recently commented on IT. Piper Jaffray Companies restated a “hold” rating and set a $116.00 price target on shares of Gartner in a report on Thursday, August 2nd. ValuEngine lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. TheStreet raised shares of Gartner from a “c” rating to a “b” rating in a research report on Wednesday, August 1st. Barclays reaffirmed a “buy” rating and set a $155.00 price objective on shares of Gartner in a research report on Sunday, August 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $149.00 price objective (up previously from $142.00) on shares of Gartner in a research report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $148.73.

Shares of IT opened at $142.03 on Monday. The company has a market cap of $12.90 billion, a P/E ratio of 42.91, a price-to-earnings-growth ratio of 2.55 and a beta of 1.23. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.64 and a current ratio of 0.64. Gartner Inc has a twelve month low of $111.57 and a twelve month high of $161.21.

Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.23. The firm had revenue of $922.00 million for the quarter, compared to analyst estimates of $919.96 million. Gartner had a net margin of 3.74% and a return on equity of 36.01%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Analysts predict that Gartner Inc will post 3.72 earnings per share for the current year.

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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