Gartner Inc (IT) Shares Bought by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC raised its position in shares of Gartner Inc (NYSE:IT) by 0.0% during the first quarter, Holdings Channel reports. The institutional investor owned 14,244 shares of the information technology services provider’s stock after buying an additional 7 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Gartner were worth $1,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. United Services Automobile Association increased its stake in shares of Gartner by 14.2% in the third quarter. United Services Automobile Association now owns 41,005 shares of the information technology services provider’s stock valued at $3,627,000 after buying an additional 5,086 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Gartner by 79.6% in the third quarter. HighTower Advisors LLC now owns 6,672 shares of the information technology services provider’s stock valued at $590,000 after buying an additional 2,957 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Gartner by 62.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,728 shares of the information technology services provider’s stock valued at $1,568,000 after buying an additional 6,800 shares during the last quarter. Zacks Investment Management increased its stake in shares of Gartner by 2.4% in the third quarter. Zacks Investment Management now owns 8,900 shares of the information technology services provider’s stock valued at $787,000 after buying an additional 211 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Gartner by 28.1% in the third quarter. Profund Advisors LLC now owns 11,526 shares of the information technology services provider’s stock valued at $1,019,000 after buying an additional 2,527 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Gartner Inc (NYSE:IT) traded up 0.89% during mid-day trading on Friday, reaching $113.41. 499,308 shares of the company were exchanged. The stock has a market capitalization of $10.26 billion, a P/E ratio of 51.55 and a beta of 1.09. The company’s 50 day moving average price is $111.86 and its 200-day moving average price is $104.54. Gartner Inc has a 12 month low of $84.54 and a 12 month high of $116.48.

Gartner (NYSE:IT) last announced its earnings results on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $625.17 million during the quarter, compared to the consensus estimate of $612.84 million. Gartner had a net margin of 7.57% and a negative return on equity of 408.56%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. On average, equities analysts expect that Gartner Inc will post $3.48 earnings per share for the current fiscal year.

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Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Gartner from $124.00 to $130.00 and gave the company a “top pick” rating in a report on Friday, May 5th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $128.00 target price on shares of Gartner in a report on Monday, May 8th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $124.00 target price on shares of Gartner in a report on Tuesday, April 11th. Morgan Stanley lifted their target price on shares of Gartner from $106.00 to $112.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $110.00 target price on shares of Gartner in a report on Wednesday, April 5th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Gartner has an average rating of “Buy” and an average price target of $118.36.

In related news, SVP Peter Sondergaard sold 4,172 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $111.90, for a total value of $466,846.80. Following the completion of the transaction, the senior vice president now owns 93,765 shares in the company, valued at approximately $10,492,303.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.40% of the company’s stock.

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.

5 Day Chart for NYSE:IT

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