14,665 Shares in Gartner, Inc. (IT) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,665 shares of the information technology services provider’s stock, valued at approximately $1,583,000.

A number of other hedge funds have also recently bought and sold shares of IT. Marsico Capital Management LLC increased its stake in Gartner by 56.7% in the first quarter. Marsico Capital Management LLC now owns 20,314 shares of the information technology services provider’s stock valued at $2,194,000 after buying an additional 7,348 shares during the last quarter. Stone Run Capital LLC purchased a new stake in Gartner during the first quarter valued at $2,808,000. Schwab Charles Investment Management Inc. increased its stake in Gartner by 7.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 285,384 shares of the information technology services provider’s stock valued at $30,819,000 after buying an additional 20,996 shares during the last quarter. BlackRock Inc. increased its stake in Gartner by 5,309.2% in the first quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock valued at $882,800,000 after buying an additional 8,023,700 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Gartner by 131.7% in the first quarter. Renaissance Technologies LLC now owns 402,900 shares of the information technology services provider’s stock valued at $43,509,000 after buying an additional 229,000 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Shares of Gartner, Inc. (NYSE IT) traded up 0.14% during trading on Thursday, reaching $123.39. The company’s stock had a trading volume of 97,561 shares. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $124.37. The firm has a market capitalization of $11.16 billion, a P/E ratio of 56.09 and a beta of 1.05. The company has a 50 day moving average price of $117.05 and a 200 day moving average price of $107.87.

Gartner (NYSE:IT) last announced its quarterly earnings data on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Gartner had a net margin of 7.22% and a return on equity of 954.04%. The business had revenue of $625.17 million during the quarter, compared to analysts’ expectations of $612.84 million. During the same period in the prior year, the firm posted $0.67 EPS. Gartner’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that Gartner, Inc. will post $3.48 EPS for the current fiscal year.

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Several analysts have weighed in on the company. Credit Suisse Group boosted their price target on Gartner from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Zacks Investment Research upgraded Gartner from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday, May 9th. Morgan Stanley boosted their price target on Gartner from $106.00 to $112.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $128.00 price target on shares of Gartner in a research note on Monday, May 8th. Finally, Royal Bank Of Canada boosted their price target on Gartner from $124.00 to $130.00 and gave the company a “top pick” rating in a research note on Friday, May 5th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Gartner currently has an average rating of “Buy” and a consensus target price of $118.36.

In other news, SVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $117.86, for a total transaction of $117,860.00. Following the sale, the senior vice president now owns 28,085 shares of the company’s stock, valued at approximately $3,310,098.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Peter Sondergaard sold 4,172 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $111.90, for a total value of $466,846.80. Following the sale, the senior vice president now directly owns 93,765 shares in the company, valued at approximately $10,492,303.50. The disclosure for this sale can be found here. Insiders sold a total of 49,297 shares of company stock worth $5,793,254 in the last ninety days. 4.40% of the stock is owned by corporate insiders.

About Gartner

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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