RWC Asset Management LLP Acquires 30,396 Shares of Gartner, Inc. (IT)

RWC Asset Management LLP raised its position in Gartner, Inc. (NYSE:IT) by 55.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 85,167 shares of the company’s stock after buying an additional 30,396 shares during the period. RWC Asset Management LLP’s holdings in Gartner were worth $7,533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in Gartner by 4.6% in the third quarter. Ameritas Investment Partners Inc. now owns 38,328 shares of the company’s stock worth $3,389,000 after buying an additional 1,688 shares in the last quarter. Mackenzie Financial Corp increased its stake in Gartner by 40.1% in the third quarter. Mackenzie Financial Corp now owns 867,181 shares of the company’s stock worth $76,702,000 after buying an additional 248,293 shares during the last quarter. Chilton Investment Co. LLC increased its stake in Gartner by 4.6% in the third quarter. Chilton Investment Co. LLC now owns 57,273 shares of the company’s stock worth $5,066,000 after buying an additional 2,536 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Gartner by 200.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the company’s stock worth $159,000 after buying an additional 1,200 shares during the last quarter. Finally, Clinton Group Inc. increased its stake in Gartner by 3.7% in the third quarter. Clinton Group Inc. now owns 75,372 shares of the company’s stock worth $6,667,000 after buying an additional 2,671 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Shares of Gartner, Inc. (NYSE:IT) traded up 0.32% during trading on Monday, reaching $101.34. The company’s stock had a trading volume of 129,356 shares. Gartner, Inc. has a 1-year low of $79.18 and a 1-year high of $105.45. The company has a market capitalization of $8.37 billion, a PE ratio of 43.87 and a beta of 1.09. The stock has a 50 day moving average of $99.63 and a 200-day moving average of $95.66.

Gartner (NYSE:IT) last posted its earnings results on Thursday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.01. Gartner had a net margin of 7.57% and a negative return on equity of 408.56%. The company earned $703.20 million during the quarter, compared to analysts’ expectations of $714.01 million. During the same period in the previous year, the company posted $0.92 EPS. Gartner’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Gartner, Inc. will post $3.22 earnings per share for the current year.

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A number of research firms have issued reports on IT. Zacks Investment Research raised Gartner from a “sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a research note on Tuesday, November 8th. Royal Bank Of Canada raised Gartner from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $100.00 to $113.00 in a research note on Friday, January 6th. Cantor Fitzgerald set a $108.00 price objective on Gartner and gave the stock a “buy” rating in a research note on Thursday, February 2nd. RBC Capital Markets raised Gartner from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $100.00 to $113.00 in a research note on Friday, January 6th. Finally, Barclays PLC raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $96.00 to $115.00 in a research report on Monday, January 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $107.00.

Gartner Company Profile

5 Day Chart for NYSE:IT

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT).

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