Gartner Inc (NYSE:IT) Holdings Lifted by TD Asset Management Inc.

TD Asset Management Inc. grew its position in Gartner Inc (NYSE:IT) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,485 shares of the information technology services provider’s stock after purchasing an additional 2,450 shares during the period. TD Asset Management Inc. owned approximately 0.08% of Gartner worth $12,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IT. Avestar Capital LLC grew its position in Gartner by 1,036.8% in the 1st quarter. Avestar Capital LLC now owns 216 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 197 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Gartner in the 2nd quarter worth approximately $40,000. Smithfield Trust Co. lifted its stake in shares of Gartner by 80.9% in the 1st quarter. Smithfield Trust Co. now owns 425 shares of the information technology services provider’s stock worth $64,000 after acquiring an additional 190 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Gartner by 50.0% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the information technology services provider’s stock worth $193,000 after acquiring an additional 400 shares during the period. Finally, NewFocus Financial Group LLC acquired a new stake in shares of Gartner in the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 97.98% of the company’s stock.

In related news, Director Karen E. Dykstra sold 1,812 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $150.22, for a total transaction of $272,198.64. Following the completion of the sale, the director now directly owns 20,698 shares of the company’s stock, valued at $3,109,253.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alwyn Dawkins sold 400 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $133.04, for a total transaction of $53,216.00. Following the sale, the executive vice president now directly owns 34,806 shares of the company’s stock, valued at $4,630,590.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,644 shares of company stock valued at $1,174,858. Company insiders own 4.00% of the company’s stock.

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald upped their price target on shares of Gartner from $141.00 to $152.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. BMO Capital Markets reduced their price target on shares of Gartner to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Gartner from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Morgan Stanley reduced their price target on shares of Gartner from $156.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 31st. Finally, ValuEngine lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Gartner has an average rating of “Hold” and an average price target of $151.67.

Shares of NYSE:IT traded up $2.80 during trading on Friday, reaching $129.29. The company had a trading volume of 426,300 shares, compared to its average volume of 666,123. The firm’s fifty day moving average is $154.83 and its 200 day moving average is $152.07. The firm has a market capitalization of $11.40 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.74 and a beta of 1.24. Gartner Inc has a twelve month low of $120.89 and a twelve month high of $171.77. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 0.68.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.18 by $0.27. Gartner had a net margin of 5.43% and a return on equity of 41.29%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts predict that Gartner Inc will post 3.53 earnings per share for the current fiscal year.

Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. 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 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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