Commonwealth Equity Services LLC Has $295,000 Stake in Gartner Inc (IT)

Commonwealth Equity Services LLC lifted its position in Gartner Inc (NYSE:IT) by 35.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,315 shares of the information technology services provider’s stock after acquiring an additional 605 shares during the period. Commonwealth Equity Services LLC’s holdings in Gartner were worth $295,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its position in shares of Gartner by 0.5% in the third quarter. Vanguard Group Inc now owns 9,199,545 shares of the information technology services provider’s stock worth $1,458,127,000 after acquiring an additional 43,975 shares in the last quarter. BlackRock Inc. grew its position in Gartner by 5.6% during the fourth quarter. BlackRock Inc. now owns 6,264,009 shares of the information technology services provider’s stock valued at $800,789,000 after purchasing an additional 331,238 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Gartner by 0.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 798,511 shares of the information technology services provider’s stock valued at $102,082,000 after purchasing an additional 5,820 shares in the last quarter. FMR LLC grew its position in Gartner by 12.9% during the third quarter. FMR LLC now owns 508,645 shares of the information technology services provider’s stock valued at $80,621,000 after purchasing an additional 57,961 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Gartner by 14.5% during the fourth quarter. Mackenzie Financial Corp now owns 452,918 shares of the information technology services provider’s stock valued at $57,901,000 after purchasing an additional 57,491 shares in the last quarter. 99.17% of the stock is currently owned by institutional investors and hedge funds.

NYSE IT traded up $0.01 during trading on Wednesday, reaching $159.49. The company’s stock had a trading volume of 250,203 shares, compared to its average volume of 527,916. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.49. The stock has a market capitalization of $14.10 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32. Gartner Inc has a 1-year low of $116.28 and a 1-year high of $161.24.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.05). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $1.17 earnings per share. As a group, equities analysts anticipate that Gartner Inc will post 3.97 EPS for the current year.

In other news, EVP Robin B. Kranich sold 8,496 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $143.00, for a total value of $1,214,928.00. Following the completion of the sale, the executive vice president now directly owns 11,989 shares in the company, valued at $1,714,427. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mr Thomas Christopher sold 8,259 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $144.14, for a total transaction of $1,190,452.26. Following the completion of the sale, the executive vice president now owns 19,698 shares of the company’s stock, valued at $2,839,269.72. The disclosure for this sale can be found here. Insiders sold 113,234 shares of company stock valued at $16,211,414 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

A number of brokerages recently commented on IT. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $141.00 price objective on shares of Gartner in a research report on Thursday, February 14th. TheStreet raised shares of Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. Robert W. Baird reaffirmed a “buy” rating and set a $156.00 price objective on shares of Gartner in a research report on Wednesday, February 6th. Finally, Bank of America reaffirmed a “buy” rating and set a $150.00 price objective on shares of Gartner in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $143.29.

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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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