Dimensional Fund Advisors LP Reduces Stake in Gartner, Inc. (IT)

Dimensional Fund Advisors LP lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 313,897 shares of the information technology services provider’s stock after selling 1,454 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Gartner were worth $39,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in shares of Gartner by 466.7% during the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 798 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Gartner by 20.0% during the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock valued at $148,000 after purchasing an additional 200 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Gartner by 52.4% during the third quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock valued at $183,000 after purchasing an additional 505 shares during the period. Parkwood LLC acquired a new position in shares of Gartner during the third quarter valued at about $201,000. Finally, Bridgewater Associates LP acquired a new position in shares of Gartner during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Shares of Gartner, Inc. (NYSE IT) opened at $129.61 on Friday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73. Gartner, Inc. has a fifty-two week low of $95.40 and a fifty-two week high of $130.55. The firm has a market cap of $11,720.00, a PE ratio of -381.21, a P/E/G ratio of 2.01 and a beta of 1.05.

Gartner (NYSE:IT) last posted its earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.13. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The company had revenue of $828.09 million for the quarter, compared to analyst estimates of $826.09 million. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’s revenue was up 44.3% compared to the same quarter last year. analysts expect that Gartner, Inc. will post 3.42 earnings per share for the current fiscal year.

IT has been the topic of several research reports. BMO Capital Markets reiterated a “buy” rating and set a $132.00 price objective on shares of Gartner in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a report on Monday, October 16th. Morgan Stanley upped their price objective on shares of Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Cantor Fitzgerald reiterated a “buy” rating and set a $139.00 price objective on shares of Gartner in a report on Thursday, November 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $135.00 target price on shares of Gartner in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Gartner currently has an average rating of “Buy” and a consensus price target of $132.60.

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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.

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).

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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