Mn Services Vermogensbeheer B.V. Grows Stake in Gartner Inc (IT)

Mn Services Vermogensbeheer B.V. grew its holdings in Gartner Inc (NYSE:IT) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,130 shares of the information technology services provider’s stock after purchasing an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V. owned approximately 0.06% of Gartner worth $7,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OLD National Bancorp IN bought a new position in Gartner during the first quarter valued at about $267,000. Nissay Asset Management Corp Japan ADV grew its position in shares of Gartner by 69.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 63,949 shares of the information technology services provider’s stock valued at $9,700,000 after purchasing an additional 26,213 shares during the last quarter. Stephens Inc. AR grew its position in shares of Gartner by 27.2% in the first quarter. Stephens Inc. AR now owns 21,758 shares of the information technology services provider’s stock valued at $3,300,000 after purchasing an additional 4,647 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Gartner by 9.5% in the first quarter. California Public Employees Retirement System now owns 181,365 shares of the information technology services provider’s stock valued at $27,509,000 after purchasing an additional 15,748 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its position in shares of Gartner by 13.1% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 11,108 shares of the information technology services provider’s stock valued at $1,685,000 after purchasing an additional 1,290 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

In related news, EVP Alwyn Dawkins sold 1,909 shares of Gartner stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $142.01, for a total transaction of $271,097.09. Following the sale, the executive vice president now directly owns 35,822 shares of the company’s stock, valued at $5,087,082.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mr Thomas Christopher sold 8,259 shares of Gartner stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $144.14, for a total value of $1,190,452.26. Following the sale, the executive vice president now directly owns 19,698 shares in the company, valued at $2,839,269.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,234 shares of company stock worth $16,211,414. 4.00% of the stock is owned by company insiders.

Several brokerages have recently issued reports on IT. Zacks Investment Research downgraded Gartner from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Cantor Fitzgerald raised their price target on Gartner from $141.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. BMO Capital Markets raised their price target on Gartner from $150.00 to $155.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Morgan Stanley raised their price target on Gartner from $147.00 to $148.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Finally, TheStreet raised Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $148.38.

Shares of NYSE:IT opened at $152.57 on Thursday. The stock has a market capitalization of $13.46 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.68 and a beta of 1.31. Gartner Inc has a 52-week low of $120.89 and a 52-week high of $161.85. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.67 and a current ratio of 0.67.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 7th. The information technology services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Gartner had a return on equity of 37.59% and a net margin of 4.09%. The business had revenue of $970.00 million for the quarter, compared to the consensus estimate of $960.72 million. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that Gartner Inc will post 3.96 earnings per share for the current year.

WARNING: This news story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2019/05/16/mn-services-vermogensbeheer-b-v-grows-stake-in-gartner-inc-it.html.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Recommended Story: Why is the Consumer Price Index (CPI) important?

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)

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



Leave a Reply