D. E. Shaw & Co. Inc. Raises Position in Gartner Inc (NYSE:IT)

D. E. Shaw & Co. Inc. raised its holdings in shares of Gartner Inc (NYSE:IT) by 311.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,787 shares of the information technology services provider’s stock after buying an additional 27,087 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Gartner were worth $4,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in Gartner by 34.2% during the third quarter. Russell Investments Group Ltd. now owns 17,280 shares of the information technology services provider’s stock valued at $2,741,000 after buying an additional 4,402 shares in the last quarter. MML Investors Services LLC lifted its stake in Gartner by 19.6% during the third quarter. MML Investors Services LLC now owns 5,180 shares of the information technology services provider’s stock valued at $821,000 after buying an additional 849 shares in the last quarter. BlackRock Inc. lifted its stake in Gartner by 0.3% during the third quarter. BlackRock Inc. now owns 5,932,771 shares of the information technology services provider’s stock valued at $940,344,000 after buying an additional 16,700 shares in the last quarter. American International Group Inc. lifted its position in shares of Gartner by 5.4% in the third quarter. American International Group Inc. now owns 33,923 shares of the information technology services provider’s stock worth $5,377,000 after purchasing an additional 1,727 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Gartner by 12.9% in the third quarter. FMR LLC now owns 508,645 shares of the information technology services provider’s stock worth $80,621,000 after purchasing an additional 57,961 shares in the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

In related news, CFO Craig Safian sold 3,635 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $140.64, for a total transaction of $511,226.40. Following the transaction, the chief financial officer now owns 33,008 shares of the company’s stock, valued at $4,642,245.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eugene A. Hall sold 90,935 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $143.22, for a total transaction of $13,023,710.70. Following the transaction, the chief executive officer now directly owns 1,174,006 shares in the company, valued at approximately $168,141,139.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,234 shares of company stock worth $16,211,414. Insiders own 4.00% of the company’s stock.

Shares of NYSE IT traded up $0.63 during mid-day trading on Friday, reaching $157.20. The company had a trading volume of 359,612 shares, compared to its average volume of 355,251. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.69 and a quick ratio of 0.69. Gartner Inc has a 12-month low of $116.28 and a 12-month high of $161.24.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.05). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Gartner had a net margin of 3.08% and a return on equity of 37.74%. Gartner’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. On average, analysts predict that Gartner Inc will post 3.97 EPS for the current year.

A number of analysts have recently issued reports on IT shares. Morgan Stanley reduced their price target on shares of Gartner from $144.00 to $134.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. Cantor Fitzgerald lowered shares of Gartner from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 6th. BMO Capital Markets lowered shares of Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price target for the company. in a research report on Wednesday, February 6th. Zacks Investment Research lowered shares of Gartner from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Finally, Bank of America reissued a “buy” rating and issued a $150.00 price target on shares of Gartner in a research report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Gartner currently has a consensus rating of “Hold” and a consensus target price of $143.29.

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Gartner Company 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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