Gartner Inc (IT) Holdings Boosted by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in shares of Gartner Inc (NYSE:IT) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,046 shares of the information technology services provider’s stock after purchasing an additional 4,688 shares during the period. Toronto Dominion Bank’s holdings in Gartner were worth $4,809,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IT. Fiduciary Trust Co. raised its stake in shares of Gartner by 8.6% in the 4th quarter. Fiduciary Trust Co. now owns 4,949 shares of the information technology services provider’s stock valued at $610,000 after acquiring an additional 393 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Gartner by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,871 shares of the information technology services provider’s stock valued at $1,462,000 after acquiring an additional 422 shares during the period. Norinchukin Bank The raised its stake in shares of Gartner by 7.5% in the 3rd quarter. Norinchukin Bank The now owns 6,744 shares of the information technology services provider’s stock valued at $839,000 after acquiring an additional 468 shares during the period. Strs Ohio raised its stake in shares of Gartner by 5.4% in the 4th quarter. Strs Ohio now owns 9,314 shares of the information technology services provider’s stock valued at $1,147,000 after acquiring an additional 478 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Gartner by 32.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,021 shares of the information technology services provider’s stock valued at $249,000 after acquiring an additional 491 shares during the period. 96.97% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $139.00 target price on shares of Gartner in a research note on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $143.00 price target on shares of Gartner in a research note on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $130.00 price target on shares of Gartner in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Morgan Stanley dropped their price target on shares of Gartner from $131.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $138.90.

Shares of Gartner Inc (NYSE:IT) opened at $115.97 on Wednesday. Gartner Inc has a one year low of $101.20 and a one year high of $142.16. The stock has a market cap of $10,700.44, a price-to-earnings ratio of 35.77, a P/E/G ratio of 1.94 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). Gartner had a return on equity of 49.06% and a net margin of 0.10%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 44.3% on a year-over-year basis. analysts expect that Gartner Inc will post 3.92 earnings per share 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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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