Rockefeller Capital Management L.P. Has $447,000 Stock Position in Gartner, Inc. (NYSE:IT)

Rockefeller Capital Management L.P. reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 23.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,850 shares of the information technology services provider’s stock after selling 563 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Gartner were worth $447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in Gartner by 47.6% in the first quarter. First Manhattan Co. now owns 186 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 60 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Gartner in the first quarter valued at about $34,000. Trustcore Financial Services LLC acquired a new stake in Gartner in the second quarter valued at about $35,000. Wolverine Asset Management LLC acquired a new stake in Gartner in the first quarter valued at about $38,000. Finally, Berman Capital Advisors LLC boosted its stake in Gartner by 163.5% in the first quarter. Berman Capital Advisors LLC now owns 224 shares of the information technology services provider’s stock valued at $40,000 after buying an additional 139 shares in the last quarter. 91.72% of the stock is currently owned by institutional investors.

Gartner stock opened at $324.25 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 4.66. The company has a market capitalization of $27.12 billion, a PE ratio of 49.96, a P/E/G ratio of 2.97 and a beta of 1.61. Gartner, Inc. has a 12 month low of $115.86 and a 12 month high of $324.80. The stock has a 50-day moving average price of $293.96 and a two-hundred day moving average price of $243.03.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 3rd. The information technology services provider reported $2.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.51. Gartner had a return on equity of 67.28% and a net margin of 13.06%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $1.20 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. As a group, analysts predict that Gartner, Inc. will post 7.83 earnings per share for the current fiscal year.

In other Gartner news, CFO Craig Safian sold 4,267 shares of Gartner stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $307.40, for a total value of $1,311,675.80. Following the completion of the sale, the chief financial officer now directly owns 54,112 shares in the company, valued at $16,634,028.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott Hensel sold 3,177 shares of Gartner stock in a transaction that occurred on Friday, September 3rd. The stock was sold at an average price of $312.50, for a total value of $992,812.50. Following the completion of the sale, the executive vice president now owns 2,463 shares of the company’s stock, valued at $769,687.50. The disclosure for this sale can be found here. Insiders have sold 20,222 shares of company stock valued at $6,176,175 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Several research firms recently weighed in on IT. BMO Capital Markets raised their price objective on Gartner from $234.00 to $280.00 and gave the company a “market perform” rating in a research note on Wednesday, August 4th. Morgan Stanley raised their price objective on Gartner from $322.00 to $341.00 and gave the company an “overweight” rating in a research note on Thursday. William Blair reiterated an “outperform” rating on shares of Gartner in a research report on Tuesday, August 3rd. Finally, Barclays increased their target price on Gartner from $250.00 to $300.00 and gave the company an “equal weight” rating in a research report on Friday, August 6th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $259.50.

About Gartner

Gartner, Inc is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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