TimesSquare Capital Management LLC Sells 13,520 Shares of Gartner, Inc. (NYSE:IT)

TimesSquare Capital Management LLC lessened its stake in Gartner, Inc. (NYSE:IT - Free Report) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,152 shares of the information technology services provider's stock after selling 13,520 shares during the quarter. Gartner comprises approximately 1.7% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. TimesSquare Capital Management LLC owned approximately 0.29% of Gartner worth $113,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Eastern Bank acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $26,000. Crewe Advisors LLC grew its position in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock worth $44,000 after buying an additional 67 shares during the period. Fortitude Family Office LLC grew its holdings in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 20 shares during the period. J.Safra Asset Management Corp grew its holdings in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider's stock valued at $70,000 after purchasing an additional 54 shares during the period. Finally, Asset Dedication LLC grew its holdings in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock valued at $75,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Gartner from $490.00 to $528.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Barclays boosted their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a report on Wednesday. Robert W. Baird upped their price target on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Gartner has a consensus rating of "Hold" and a consensus price target of $539.25.

Insiders Place Their Bets

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the sale, the executive vice president now directly owns 1,959 shares of the company's stock, valued at approximately $947,411.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Craig Safian sold 6,310 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $483.57, for a total value of $3,051,326.70. Following the transaction, the chief financial officer now directly owns 71,544 shares of the company's stock, valued at $34,596,532.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yvonne Genovese sold 443 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at $947,411.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,899 shares of company stock valued at $30,317,486. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Up 1.2 %

Shares of IT stock traded up $6.65 during trading on Friday, reaching $547.40. The company's stock had a trading volume of 519,560 shares, compared to its average volume of 275,125. The company has a quick ratio of 0.90, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The business has a fifty day moving average price of $512.66 and a 200-day moving average price of $474.59. Gartner, Inc. has a one year low of $397.43 and a one year high of $552.33. The company has a market cap of $42.18 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Gartner, Inc. will post 11.88 earnings per share for the current year.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.