Geneva Advisors buys $80,141,735 stake in Gartner Inc (IT)

Gartner Inc (IT) : Geneva Advisors scooped up 89,735 additional shares in Gartner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 848,330 shares of Gartner Inc which is valued at $80,141,735.Gartner Inc makes up approximately 1.53% of Geneva Advisors’s portfolio.

Other Hedge Funds, Including , Neuberger Berman Group boosted its stake in IT in the latest quarter, The investment management firm added 3,392 additional shares and now holds a total of 7,217 shares of Gartner Inc which is valued at $685,254.Ngam Advisors boosted its stake in IT in the latest quarter, The investment management firm added 2,514 additional shares and now holds a total of 18,006 shares of Gartner Inc which is valued at $1,789,616. Gartner Inc makes up approx 0.02% of Ngam Advisors’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in IT during the most recent quarter. The investment firm sold 85 shares of IT which is valued $8,458.

Gartner Inc (IT) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $93.73 and reached the intraday high at $93.83. The bulls started the profit booking and pushed the shares to intraday low of $93.13. The trading session was marked by a volume range of 2,39,460 shares exchanging hands. The 52-week high of the shares is $103 and the 52-week low is $77.8. The market cap of the company stands at $7,710 M and there are 8,26,21,699 shares in public circulation.

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.

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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