1 week Ago By ABMN Staff
Los Angeles Capital Management LLC reduced its stake in Gartner, Inc. ( NYSE:IT – Free Report ) by 51.8% during the second quarter, according to its most recent filing with the SEC.
The fund owned 21,823 shares of the information technology services provider’s stock after selling 23,440 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Gartner were worth $9,800,000 at the end of the most recent quarter. Several other institutional investors also recently added to or reduced their stakes in IT.
Frazier Financial Advisors LLC purchased a new position in Gartner in the fourth quarter valued at about $27,000. DSM Capital Partners LLC purchased a new stake in Gartner in the fourth quarter worth $32,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner in the first quarter valued at $36,000.
Crewe Advisors LLC lifted its position in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after buying an additional 67 shares during the last quarter.
Finally, J.Safra Asset Management Corp grew its stake in shares of Gartner by 58.7% during the 1st quarter.
J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares during the period. Institutional investors own 91.
51% of the company’s stock. Insider Activity In related news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction on Wednesday, July 31st.
The stock was sold at an average price of $504.84, for a total value of $6,099,476.88.
Following the transaction, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at $577,228,502.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
In related news, EVP Akhil Jain sold 400 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.
00. Following the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website .
Also, CEO Eugene A. Hall sold 12,082 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.
84, for a total transaction of $6,099,476.88. Following the completion of the sale, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at $577,228,502.
76. The disclosure for this sale can be found here . In the last quarter, insiders have sold 27,998 shares of company stock worth $13,834,898.
3.60% of the stock is currently owned by corporate insiders. Gartner Price Performance Gartner ( NYSE:IT – Get Free Report ) last posted its quarterly earnings data on Tuesday, July 30th.
The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.
20. Gartner had a net margin of 13.67% and a return on equity of 142.
05%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.
58 billion. During the same period in the prior year, the business earned $2.85 earnings per share.
Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts forecast that Gartner, Inc.
will post 11.59 earnings per share for the current fiscal year. Analyst Ratings Changes Several equities research analysts have commented on IT shares.
UBS Group upped their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st.
Morgan Stanley raised their price objective on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th.
Robert W. Baird boosted their target price on shares of Gartner from $517.00 to $565.
00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets raised their price target on Gartner from $450.00 to $510.
00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.
One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Gartner presently has an average rating of “Hold” and a consensus price target of $521.00.
Check Out Our Latest Research Report on Gartner About Gartner ( Free Report ) Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.
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