Tokio Marine Asset Management Co. Ltd. continued to hold its stake in Gartner Inc. (NYSE:IT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,564 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Gartner were worth $347,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in Gartner during the second quarter valued at about $179,000. Bessemer Group Inc. boosted its stake in Gartner by 157.0% in the first quarter. Bessemer Group Inc. now owns 2,141 shares of the company’s stock valued at $192,000 after buying an additional 1,308 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Gartner during the first quarter valued at about $354,000. Pacad Investment Ltd. purchased a new stake in Gartner during the first quarter valued at about $474,000. Finally, AXA purchased a new stake in Gartner during the first quarter valued at about $554,000. 90.45% of the stock is currently owned by institutional investors.
Gartner Inc. (NYSE:IT) traded down 0.56% on Thursday, reaching $88.30. 293,950 shares of the company traded hands. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 40.26 and a beta of 1.03. Gartner Inc. has a 52-week low of $77.80 and a 52-week high of $103.00. The firm has a 50 day moving average price of $89.63 and a 200 day moving average price of $93.88.
Gartner (NYSE:IT) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by $0.02. Gartner had a negative return on equity of 197.12% and a net margin of 7.97%. The business earned $610 million during the quarter, compared to the consensus estimate of $596.78 million. During the same quarter last year, the firm posted $0.65 earnings per share. Gartner’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Gartner Inc. will post $2.81 EPS for the current year.
Several research firms have issued reports on IT. Robert W. Baird reaffirmed an “outperform” rating and set a $109.00 price target (down from $111.00) on shares of Gartner in a research note on Sunday, August 7th. Zacks Investment Research cut shares of Gartner from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 7th. Macquarie began coverage on shares of Gartner in a research note on Thursday, August 25th. They set an “outperform” rating and a $108.00 price target on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $108.00 price target on shares of Gartner in a research note on Friday, August 5th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $90.00 price target (down from $93.00) on shares of Gartner in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Gartner has an average rating of “Hold” and a consensus price target of $99.08.
In other Gartner news, SVP David Godfrey sold 10,198 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $94.10, for a total transaction of $959,631.80. Following the sale, the senior vice president now owns 29,570 shares in the company, valued at approximately $2,782,537. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Karen E. Dykstra sold 3,086 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $90.98, for a total value of $280,764.28. Following the sale, the director now owns 18,763 shares in the company, valued at approximately $1,707,057.74. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.
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