Timessquare Capital Management LLC Trimmed Gartner INC (IT) Stake as Share Price Rose

June 13, 2018 - By Clifton Ray

Gartner, Inc. (NYSE:IT) LogoInvestors sentiment decreased to 1.11 in Q1 2018. Its down 0.11, from 1.22 in 2017Q4. It turned negative, as 32 investors sold IT shares while 120 reduced holdings. 57 funds opened positions while 111 raised stakes. 91.07 million shares or 6.64% more from 85.40 million shares in 2017Q4 were reported. Commonwealth Of Pennsylvania School Empls Retrmt Systems accumulated 0.01% or 8,128 shares. Hermes Invest Management Ltd, United Kingdom-based fund reported 191,473 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.04% in Gartner, Inc. (NYSE:IT). Chevy Chase Hldgs Inc owns 0.04% invested in Gartner, Inc. (NYSE:IT) for 76,760 shares. Vanguard has 9.01M shares. Timessquare Mgmt Limited Liability Corporation holds 1.68% in Gartner, Inc. (NYSE:IT) or 2.10 million shares. Norris Perne & French Llp Mi holds 60,561 shares or 1.04% of its portfolio. Boston Private Wealth reported 7,817 shares or 0.04% of all its holdings. Ny State Common Retirement Fund holds 0.03% of its portfolio in Gartner, Inc. (NYSE:IT) for 188,676 shares. Glob Endowment Mgmt Ltd Partnership has 2,600 shares for 0.04% of their portfolio. Macquarie Group owns 0.03% invested in Gartner, Inc. (NYSE:IT) for 158,574 shares. First Personal Serv accumulated 157 shares or 0% of the stock. Prudential Finance accumulated 100,417 shares or 0.02% of the stock. Texas Permanent School Fund holds 23,470 shares. Great Lakes Advisors Ltd, Illinois-based fund reported 43,755 shares.

Since February 22, 2018, it had 0 buys, and 11 selling transactions for $6.23 million activity. The insider Sondergaard Peter sold $664,174. Dawkins Alwyn sold $245,641 worth of stock or 2,000 shares. 1,800 shares valued at $247,032 were sold by DYKSTRA KAREN E on Thursday, June 7. HALL EUGENE A also sold $1.86M worth of Gartner, Inc. (NYSE:IT) shares. Safian Craig sold $474,904 worth of Gartner, Inc. (NYSE:IT) on Friday, May 11. Christopher MR Thomas also sold $250,916 worth of Gartner, Inc. (NYSE:IT) on Monday, June 4.

Timessquare Capital Management Llc decreased its stake in Gartner Inc (IT) by 10.95% based on its latest 2018Q1 regulatory filing with the SEC. Timessquare Capital Management Llc sold 257,539 shares as the company’s stock rose 10.75% while stock markets declined. The institutional investor held 2.10M shares of the consumer services company at the end of 2018Q1, valued at $246.42M, down from 2.35M at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Gartner Inc for a number of months, seems to be less bullish one the $12.60 billion market cap company. The stock decreased 0.30% or $0.42 during the last trading session, reaching $138.05. About 105,622 shares traded. Gartner, Inc. (NYSE:IT) has risen 10.82% since June 13, 2017 and is uptrending. It has underperformed by 1.75% the S&P500.

Timessquare Capital Management Llc, which manages about $20.35 billion and $14.70B US Long portfolio, upped its stake in Amphenol Corp. Cl A (NYSE:APH) by 72,600 shares to 1.02 million shares, valued at $88.03 million in 2018Q1, according to the filing. It also increased its holding in Avexis Inc by 142,375 shares in the quarter, for a total of 362,265 shares, and has risen its stake in Beacon Roofing Supply Inc (NASDAQ:BECN).

Analysts await Gartner, Inc. (NYSE:IT) to report earnings on August, 14. They expect $0.97 EPS, up 10.23 % or $0.09 from last year’s $0.88 per share. IT’s profit will be $88.51 million for 35.58 P/E if the $0.97 EPS becomes a reality. After $0.72 actual EPS reported by Gartner, Inc. for the previous quarter, Wall Street now forecasts 34.72 % EPS growth.

More recent Gartner, Inc. (NYSE:IT) news were published by: Fool.com which released: “6 Reasons Salesforce Is Surging to All-Time Highs” on June 10, 2018. Also Businesswire.com published the news titled: “Gartner Says Focus on the Service Rep to Improve Customer Experience” on June 13, 2018. Gurufocus.com‘s news article titled: “6 Quality Stocks in Guru Portfolios” with publication date: June 12, 2018 was also an interesting one.

Gartner, Inc. (NYSE:IT) Ratings Coverage

Among 7 analysts covering Gartner (NYSE:IT), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Gartner had 17 analyst reports since December 14, 2017 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, May 9. The rating was maintained by Credit Suisse on Wednesday, February 7 with “Buy”. BMO Capital Markets maintained Gartner, Inc. (NYSE:IT) rating on Tuesday, February 6. BMO Capital Markets has “Buy” rating and $135.0 target. Piper Jaffray maintained the stock with “Hold” rating in Friday, February 16 report. As per Wednesday, January 31, the company rating was maintained by Morgan Stanley. On Tuesday, February 6 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Buy” rating given on Monday, January 22 by BMO Capital Markets. The firm has “Buy” rating given on Monday, April 9 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, January 19 with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, February 7 report.

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

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