21,272 Shares in Gartner Inc (IT) Acquired by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC purchased a new position in shares of Gartner Inc (NYSE:IT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 21,272 shares of the information technology services provider’s stock, valued at approximately $2,620,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of Gartner by 10.2% during the 4th quarter. Arizona State Retirement System now owns 57,766 shares of the information technology services provider’s stock worth $7,114,000 after acquiring an additional 5,363 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of Gartner by 6.3% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 64,440 shares of the information technology services provider’s stock worth $7,936,000 after acquiring an additional 3,830 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Gartner by 533.2% during the 4th quarter. Advisory Services Network LLC now owns 1,507 shares of the information technology services provider’s stock worth $186,000 after acquiring an additional 1,269 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Gartner by 13.6% during the 4th quarter. Toronto Dominion Bank now owns 39,046 shares of the information technology services provider’s stock worth $4,809,000 after acquiring an additional 4,688 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Gartner by 11.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,153,347 shares of the information technology services provider’s stock worth $142,034,000 after acquiring an additional 115,594 shares in the last quarter. Institutional investors own 95.31% of the company’s stock.

Several analysts have recently issued reports on the company. BMO Capital Markets decreased their price target on Gartner from $139.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Piper Jaffray Companies reiterated a “hold” rating and set a $136.00 price target on shares of Gartner in a research note on Tuesday, January 30th. Robert W. Baird decreased their price target on Gartner from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Credit Suisse Group reiterated an “outperform” rating and set a $142.00 price target (down previously from $160.00) on shares of Gartner in a research note on Wednesday, February 7th. Finally, TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $134.30.

Shares of Gartner Inc (NYSE IT) opened at $117.93 on Friday. Gartner Inc has a 52 week low of $101.20 and a 52 week high of $142.16. The firm has a market capitalization of $10,919.82, a P/E ratio of 3,931.00, a P/E/G ratio of 1.98 and a beta of 1.06. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 49.06%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company earned $0.97 EPS. Gartner’s revenue for the quarter was up 44.3% compared to the same quarter last year. equities analysts forecast that Gartner Inc will post 3.92 earnings per share for the current year.

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Gartner Company Profile

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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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