Gartner, Inc. (IT) Shares Sold by Fmr LLC

Fmr LLC cut its position in Gartner, Inc. (NYSE:IT) by 81.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,735 shares of the information technology services provider’s stock after selling 497,132 shares during the period. Fmr LLC’s holdings in Gartner were worth $12,390,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IT. Isthmus Partners LLC raised its stake in shares of Gartner by 0.3% in the first quarter. Isthmus Partners LLC now owns 9,283 shares of the information technology services provider’s stock worth $1,002,000 after buying an additional 32 shares during the last quarter. Genesee Valley Trust Co. raised its stake in shares of Gartner by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 11,353 shares of the information technology services provider’s stock worth $1,226,000 after buying an additional 35 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Gartner by 1.1% in the first quarter. First Mercantile Trust Co. now owns 3,321 shares of the information technology services provider’s stock worth $359,000 after buying an additional 37 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Gartner by 0.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 6,511 shares of the information technology services provider’s stock worth $704,000 after buying an additional 40 shares during the last quarter. Finally, Intellectus Partners LLC raised its stake in shares of Gartner by 1.2% in the first quarter. Intellectus Partners LLC now owns 4,290 shares of the information technology services provider’s stock worth $463,000 after buying an additional 50 shares during the last quarter. 87.07% of the stock is owned by institutional investors.

Gartner, Inc. (NYSE IT) opened at 128.26 on Friday. The stock’s 50 day moving average price is $123.56 and its 200 day moving average price is $111.19. Gartner, Inc. has a one year low of $84.54 and a one year high of $129.24. The company has a market capitalization of $11.60 billion, a P/E ratio of 58.30 and a beta of 1.05.

Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $625.17 million for the quarter, compared to analysts’ expectations of $612.84 million. Gartner had a return on equity of 954.04% and a net margin of 7.22%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. Equities analysts anticipate that Gartner, Inc. will post $3.48 EPS for the current fiscal year.

WARNING: This news story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://transcriptdaily.com/2017/07/23/gartner-inc-it-shares-sold-by-fmr-llc.html.

A number of brokerages recently commented on IT. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $128.00 price target on shares of Gartner in a research note on Monday, May 8th. Credit Suisse Group reaffirmed a “buy” rating and issued a $124.00 price target on shares of Gartner in a research note on Tuesday, April 11th. Royal Bank Of Canada raised their price objective on Gartner from $124.00 to $130.00 and gave the company a “top pick” rating in a research report on Friday, May 5th. Morgan Stanley raised their price objective on Gartner from $106.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. Finally, Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $120.82.

In other Gartner news, SVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $117.86, for a total value of $117,860.00. Following the completion of the sale, the senior vice president now directly owns 28,085 shares in the company, valued at $3,310,098.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Eugene A. Hall sold 38,800 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $117.86, for a total value of $4,572,968.00. Following the completion of the sale, the chief executive officer now owns 1,304,375 shares of the company’s stock, valued at $153,733,637.50. The disclosure for this sale can be found here. Insiders have sold a total of 49,297 shares of company stock valued at $5,793,254 over the last 90 days. 4.40% of the stock is currently owned by company insiders.

Gartner Company Profile

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.

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

Leave a Reply