Bbr Partners buys $2,386,939 stake in Gartner Inc (IT)

Gartner Inc (IT) : Bbr Partners scooped up 2,881 additional shares in Gartner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 25,578 shares of Gartner Inc which is valued at $2,386,939.Gartner Inc makes up approximately 0.40% of Bbr Partners’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp boosted its stake in IT in the latest quarter, The investment management firm added 24,772 additional shares and now holds a total of 202,304 shares of Gartner Inc which is valued at $18,879,009. Gartner Inc makes up approx 0.04% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Teachers Advisors Inc boosted its stake in IT in the latest quarter, The investment management firm added 2,664 additional shares and now holds a total of 65,975 shares of Gartner Inc which is valued at $6,156,787. Gartner Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio. Mizuho Asset Managementltd. added IT to its portfolio by purchasing 1,084 company shares during the most recent quarter which is valued at $101,159. Gartner Inc makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio. Trust Co Of Vermont added IT to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $10,894.

Gartner Inc opened for trading at $90.97 and hit $91.76 on the upside on Monday, eventually ending the session at $91.75, with a gain of 0.85% or 0.77 points. The heightened volatility saw the trading volume jump to 3,53,472 shares. Company has a market cap of $7,581 M.

On the company’s financial health, Gartner Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $610.00 million for the quarter, compared to analysts expectations of $598.41 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Gartner Inc. Macquarie Initiated Gartner Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $108.

Gartner Inc. is an information technology (IT) research and advisory company. The Company has three business segments: Research Consulting and Events. Research segment provides objective insight on critical and timely technology and supply chain initiatives for CIOs (Chief Information Officers) other IT professionals supply chain leaders digital marketing professionals technology companies and the institutional investment community through reports briefings tools access to its analysts peer networking services and membership programs. Consulting segment provides customized solutions to client needs through on-site day-to-day support as well as tools for measuring and improving IT performance with a focus on cost performance efficiency and quality. Events segment provides IT supply chain and business professionals the opportunity to attend various symposia conferences and exhibitions to learn contribute and network with the peers.

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