Gartner Inc (IT) : Bamco Inc Ny reduced its stake in Gartner Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 7,721,190 shares of Gartner Inc which is valued at $784,164,056 after selling 36,918 shares in Gartner Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Gartner Inc makes up approximately 4.17% of Bamco Inc Ny’s portfolio.
Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co boosted its stake in IT in the latest quarter, The investment management firm added 123 additional shares and now holds a total of 1,217 shares of Gartner Inc which is valued at $123,599. Catalyst Capital Advisors sold out all of its stake in IT during the most recent quarter. The investment firm sold 1,228 shares of IT which is valued $123,303.Ubs Asset Management Americas Inc boosted its stake in IT in the latest quarter, The investment management firm added 6,176 additional shares and now holds a total of 294,528 shares of Gartner Inc which is valued at $27,505,970. Gartner Inc makes up approx 0.03% of Ubs Asset Management Americas Inc’s portfolio. Advisors Preferred sold out all of its stake in IT during the most recent quarter. The investment firm sold 799 shares of IT which is valued $68,882. Acadian Asset Management sold out all of its stake in IT during the most recent quarter. The investment firm sold 1,834 shares of IT which is valued $161,319.
Gartner Inc closed down -1.28 points or -1.22% at $103.26 with 2,87,652 shares getting traded on Monday. Post opening the session at $104.15, the shares hit an intraday low of $103.23 and an intraday high of $104.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Gartner Inc reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.50. The company had revenue of $574.10 million for the quarter, compared to analysts expectations of $562.55 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 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.