Global X MANAGEMENT CO LLC raised its position in Gartner, Inc. (NYSE:IT) by 41.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,591 shares of the information technology services provider’s stock after acquiring an additional 756 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Gartner were worth $322,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Creative Planning increased its position in shares of Gartner by 1.2% in the second quarter. Creative Planning now owns 1,950 shares of the information technology services provider’s stock valued at $241,000 after acquiring an additional 23 shares during the period. Raymond James Trust N.A. increased its position in shares of Gartner by 1.3% in the second quarter. Raymond James Trust N.A. now owns 1,952 shares of the information technology services provider’s stock valued at $241,000 after acquiring an additional 26 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Gartner by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 13,047 shares of the information technology services provider’s stock valued at $1,611,000 after acquiring an additional 47 shares during the period. State of Alaska Department of Revenue increased its position in shares of Gartner by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 3,832 shares of the information technology services provider’s stock valued at $473,000 after acquiring an additional 50 shares during the period. Finally, Cigna Investments Inc. New increased its position in shares of Gartner by 3.1% in the second quarter. Cigna Investments Inc. New now owns 3,426 shares of the information technology services provider’s stock valued at $423,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

A number of research firms have issued reports on IT. BidaskClub cut shares of Gartner from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. TheStreet lowered shares of Gartner from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Gartner in a research note on Wednesday, November 8th. They set a “buy” rating and a $146.00 target price on the stock. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $138.00 target price (up previously from $130.00) on shares of Gartner in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $132.60.

In related news, SVP Robin B. Kranich sold 7,487 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $120.08, for a total transaction of $899,038.96. Following the sale, the senior vice president now owns 21,298 shares of the company’s stock, valued at $2,557,463.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $118.92, for a total transaction of $594,600.00. Following the sale, the director now directly owns 27,395 shares in the company, valued at approximately $3,257,813.40. The disclosure for this sale can be found here. Insiders have sold 13,487 shares of company stock worth $1,612,849 in the last three months. 4.30% of the stock is currently owned by insiders.

Shares of Gartner, Inc. (IT) opened at $116.90 on Monday. Gartner, Inc. has a 52 week low of $90.37 and a 52 week high of $130.02. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $10,597.10, a PE ratio of 37.71, a P/E/G ratio of 2.13 and a beta of 1.08.

Gartner (NYSE:IT) last posted its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.52 by $0.13. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The business had revenue of $828.09 million for the quarter, compared to analyst estimates of $826.09 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Gartner’s quarterly revenue was up 44.3% on a year-over-year basis. analysts expect that Gartner, Inc. will post 3.43 EPS for the current fiscal year.

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Gartner 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.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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