Gartner, Inc. (IT) Position Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 83.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,016 shares of the information technology services provider’s stock after selling 54,411 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Gartner were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in Gartner during the 2nd quarter worth about $124,000. Bronfman E.L. Rothschild L.P. lifted its position in Gartner by 9.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after acquiring an additional 103 shares during the period. Commonwealth Bank of Australia lifted its position in Gartner by 20.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after acquiring an additional 200 shares during the period. Global X Management Co. LLC lifted its position in Gartner by 31.6% during the 1st quarter. Global X Management Co. LLC now owns 1,725 shares of the information technology services provider’s stock worth $186,000 after acquiring an additional 414 shares during the period. Finally, Noesis Capital Mangement Corp acquired a new stake in Gartner during the 2nd quarter worth about $203,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first posted by BBNS and is owned by of BBNS. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://baseballnewssource.com/markets/mutual-of-america-capital-management-llc-cuts-position-in-gartner-inc-it/1698895.html.

In related news, SVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total transaction of $118,620.00. Following the completion of the sale, the senior vice president now directly owns 27,137 shares of the company’s stock, valued at approximately $3,218,990.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total transaction of $585,100.00. Following the sale, the director now directly owns 29,895 shares of the company’s stock, valued at $3,498,312.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,363 shares of company stock worth $2,775,387. 4.30% of the stock is currently owned by company insiders.

Gartner, Inc. (NYSE:IT) traded down 0.08% on Tuesday, reaching $123.85. The company’s stock had a trading volume of 13,109 shares. The stock has a market capitalization of $11.22 billion, a P/E ratio of 254.31 and a beta of 1.07. The firm has a 50 day moving average price of $122.97 and a 200 day moving average price of $119.93. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $130.02.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The firm had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. During the same quarter in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. On average, equities analysts anticipate that Gartner, Inc. will post $3.41 EPS for the current year.

Several brokerages have recently issued reports on IT. Royal Bank Of Canada reissued a “top pick” rating and issued a $142.00 price objective (up previously from $130.00) on shares of Gartner in a report on Friday, July 21st. Zacks Investment Research upgraded Gartner from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $137.00 price target on shares of Gartner in a research note on Friday. BidaskClub lowered Gartner from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $138.00 price objective (up from $130.00) on shares of Gartner in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $126.78.

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.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Receive News & Ratings for Gartner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.