Ladenburg Thalmann Financial Services Inc. Has $2.07 Million Stake in Gartner Inc (IT)

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Ladenburg Thalmann Financial Services Inc. grew its position in Gartner Inc (NYSE:IT) by 17.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,581 shares of the information technology services provider’s stock after buying an additional 2,639 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Gartner were worth $2,067,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its position in Gartner by 14.7% during the 1st quarter. Profund Advisors LLC now owns 3,153 shares of the information technology services provider’s stock worth $371,000 after purchasing an additional 403 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Gartner by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 56,643 shares of the information technology services provider’s stock worth $6,663,000 after purchasing an additional 406 shares in the last quarter. BBR Partners LLC increased its position in Gartner by 1.7% during the 1st quarter. BBR Partners LLC now owns 28,698 shares of the information technology services provider’s stock worth $3,375,000 after purchasing an additional 479 shares in the last quarter. Norinchukin Bank The increased its position in Gartner by 7.5% during the 4th quarter. Norinchukin Bank The now owns 7,247 shares of the information technology services provider’s stock worth $892,000 after purchasing an additional 503 shares in the last quarter. Finally, Premia Global Advisors LLC increased its position in Gartner by 27.5% during the 1st quarter. Premia Global Advisors LLC now owns 2,402 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 518 shares in the last quarter. Institutional investors and hedge funds own 96.73% of the company’s stock.

Shares of NYSE IT opened at $134.96 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. Gartner Inc has a 52-week low of $111.57 and a 52-week high of $142.16. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 8th. The information technology services provider reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.14. Gartner had a negative net margin of 1.45% and a positive return on equity of 33.99%. The firm had revenue of $964.00 million during the quarter, compared to analysts’ expectations of $921.22 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was up 54.2% on a year-over-year basis. research analysts expect that Gartner Inc will post 3.74 earnings per share for the current year.

In other news, CFO Craig Safian sold 3,528 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $134.61, for a total value of $474,904.08. Following the sale, the chief financial officer now directly owns 25,189 shares of the company’s stock, valued at approximately $3,390,691.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robin B. Kranich sold 4,874 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $134.89, for a total transaction of $657,453.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,352 shares of company stock valued at $1,943,685. Corporate insiders own 4.30% of the company’s stock.

A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research upgraded shares of Gartner from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. Cantor Fitzgerald upped their price objective on shares of Gartner to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 9th. Royal Bank of Canada reiterated a “buy” rating and set a $139.00 price objective on shares of Gartner in a research report on Monday, April 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co set a $130.00 price objective on shares of Gartner and gave the stock a “hold” rating in a research report on Wednesday, May 9th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $141.40.

Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. 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 our 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.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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