Schwerin Boyle Capital Management Inc. Has $35.83 Million Stock Position in Gartner, Inc. (NYSE:IT)

Schwerin Boyle Capital Management Inc. reduced its holdings in Gartner, Inc. (NYSE:IT) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,787 shares of the information technology services provider’s stock after selling 600 shares during the quarter. Gartner comprises 3.8% of Schwerin Boyle Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Schwerin Boyle Capital Management Inc. owned approximately 0.10% of Gartner worth $35,829,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Sustainable Growth Advisers LP bought a new position in Gartner in the second quarter worth about $266,541,000. First Trust Advisors LP raised its position in shares of Gartner by 830.4% in the 4th quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock worth $231,974,000 after acquiring an additional 458,963 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after purchasing an additional 341,911 shares during the period. Wellington Management Group LLP boosted its position in shares of Gartner by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock valued at $835,826,000 after purchasing an additional 198,274 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Gartner by 38.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after purchasing an additional 114,610 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $9,229,528.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,164 shares of company stock worth $32,601,014. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on IT. Bank of America raised their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. BMO Capital Markets upped their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Finally, UBS Group upped their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average price target of $521.00.

Gartner Trading Up 0.0 %

NYSE:IT opened at $513.59 on Friday. The stock has a market cap of $39.87 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 3.89 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The company’s 50 day moving average price is $483.06 and its 200-day moving average price is $462.17. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $517.48.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating the consensus estimate of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business posted $2.85 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Gartner, Inc. will post 11.59 earnings per share for the current fiscal 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.