As Gartner INC (IT) Shares Declined, Brookside Capital Management LLC Boosted Stake

April 16, 2018 - By Michael Collier

Gartner, Inc. (NYSE:IT) LogoInvestors sentiment increased to 1.22 in 2017 Q4. Its up 0.05, from 1.17 in 2017Q3. It improved, as 34 investors sold IT shares while 109 reduced holdings. 49 funds opened positions while 125 raised stakes. 85.40 million shares or 0.47% more from 85.00 million shares in 2017Q3 were reported. Aristotle Boston Limited Liability Co holds 0.74% or 82,357 shares. Timessquare Limited has 1.9% invested in Gartner, Inc. (NYSE:IT). Ls Advsr Ltd holds 0.03% in Gartner, Inc. (NYSE:IT) or 4,719 shares. Kentucky Retirement Ins Tru Fund owns 2,407 shares. Gemmer Asset Management Ltd Company reported 0.01% in Gartner, Inc. (NYSE:IT). Moreover, Jpmorgan Chase & has 0.02% invested in Gartner, Inc. (NYSE:IT) for 798,753 shares. Fred Alger invested in 0.02% or 34,439 shares. State Of New Jersey Common Pension Fund D holds 0.02% or 34,800 shares. Marsico Capital Mngmt Ltd Liability accumulated 41,010 shares or 0.2% of the stock. State Of Wisconsin Inv Board accumulated 57,502 shares. Assetmark invested 0% in Gartner, Inc. (NYSE:IT). Dimensional Fund Advsrs Lp invested 0.02% of its portfolio in Gartner, Inc. (NYSE:IT). Voya Mgmt Limited Liability Corporation holds 0.1% or 392,278 shares. Bancshares Of America Corp De invested 0.01% in Gartner, Inc. (NYSE:IT). Proshare Advsr Ltd Liability Co reported 15,782 shares stake.

Since February 22, 2018, it had 0 buys, and 5 selling transactions for $4.04 million activity. 2,000 shares were sold by Dawkins Alwyn, worth $245,641. $664,174 worth of Gartner, Inc. (NYSE:IT) was sold by Sondergaard Peter on Thursday, March 8. 15,891 shares were sold by HALL EUGENE A, worth $1.86 million on Monday, February 26.

Bain Capital increased its stake in Gartner Inc (IT) by 41.09% based on its latest 2017Q4 regulatory filing with the SEC. Brookside Capital Management Llc bought 132,834 shares as the company’s stock declined 4.84% with the market. The hedge fund run by Bain Capital held 456,103 shares of the consumer services company at the end of 2017Q4, valued at $56.17 million, up from 323,269 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Gartner Inc for a number of months, seems to be bullish on the $10.66 billion market cap company. The stock increased 1.80% or $2.07 during the last trading session, reaching $117.13. About 134,156 shares traded. Gartner, Inc. (NYSE:IT) has risen 7.52% since April 16, 2017 and is uptrending. It has underperformed by 4.03% the S&P500.

Brookside Capital Management Llc, which manages about $1.38B US Long portfolio, decreased its stake in E Trade Financial C (NASDAQ:ETFC) by 238,077 shares to 312,174 shares, valued at $15.47 million in 2017Q4, according to the filing. It also reduced its holding in Seattle Genetics Inc (NASDAQ:SGEN) by 79,374 shares in the quarter, leaving it with 111,426 shares, and cut its stake in Godaddy Inc.

Gartner, Inc. (NYSE:IT) Ratings Coverage

Among 8 analysts covering Gartner (NYSE:IT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Gartner had 19 analyst reports since October 23, 2017 according to SRatingsIntel. As per Wednesday, January 31, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, October 23 report. As per Tuesday, February 6, the company rating was maintained by Piper Jaffray. The stock has “Buy” rating by RBC Capital Markets on Wednesday, February 7. The company was maintained on Monday, January 22 by BMO Capital Markets. BMO Capital Markets maintained Gartner, Inc. (NYSE:IT) rating on Tuesday, February 6. BMO Capital Markets has “Buy” rating and $135.0 target. The stock has “Buy” rating by RBC Capital Markets on Friday, January 19. Piper Jaffray maintained the shares of IT in report on Friday, February 16 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, November 2. The stock has “Buy” rating by Robert W. Baird on Monday, January 8.

Gartner, Inc. (NYSE:IT) Institutional Positions Chart

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