Gartner, Inc. (NYSE:IT) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in Gartner, Inc. (NYSE:IT) by 26.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,709 shares of the information technology services provider’s stock after purchasing an additional 2,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Gartner were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Gartner by 32.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock worth $1,072,104,000 after purchasing an additional 2,125,783 shares in the last quarter. Bamco Inc. NY increased its stake in Gartner by 0.9% in the 2nd quarter. Bamco Inc. NY now owns 7,055,955 shares of the information technology services provider’s stock worth $871,481,000 after purchasing an additional 60,789 shares in the last quarter. Janus Henderson Group PLC increased its stake in Gartner by 1,426.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock worth $528,449,000 after purchasing an additional 3,998,373 shares in the last quarter. Polen Capital Management LLC increased its stake in Gartner by 6.9% in the 2nd quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock worth $490,699,000 after purchasing an additional 257,899 shares in the last quarter. Finally, State Street Corp increased its stake in Gartner by 31.9% in the 2nd quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock worth $442,867,000 after purchasing an additional 867,040 shares in the last quarter. 95.40% of the stock is currently owned by hedge funds and other institutional investors.

Gartner, Inc. (NYSE:IT) traded down $0.74 on Friday, reaching $123.15. The company had a trading volume of 381,010 shares, compared to its average volume of 429,350. Gartner, Inc. has a 12-month low of $90.37 and a 12-month high of $130.02. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38. The firm has a market cap of $11,230.75, a price-to-earnings ratio of -362.21, a P/E/G ratio of 2.26 and a beta of 1.06.

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

Several research firms have weighed in on IT. Goldman Sachs Group began coverage on Gartner in a research note on Wednesday, November 8th. They set a “buy” rating and a $146.00 target price on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 target price on shares of Gartner in a research note on Friday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating and set a $132.00 target price on shares of Gartner in a research note on Wednesday, October 4th. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research note on Monday, October 16th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $139.00 target price on shares of Gartner in a research note on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Gartner presently has a consensus rating of “Buy” and a consensus target price of $132.60.

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About Gartner

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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