As Gartner INC (IT) Stock Rose, Timessquare Capital Management LLC Lowered Holding

June 13, 2018 - By Maria Brooks

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. Swiss Bancorp, a Switzerland-based fund reported 432,790 shares. Delta Asset Management Ltd Liability Tn, a Tennessee-based fund reported 9 shares. Rwc Asset Llp holds 157,603 shares. Public Employees Retirement Association Of Colorado holds 16,611 shares. United Service Automobile Association owns 29,387 shares. Bbva Compass Bank Inc reported 0.05% of its portfolio in Gartner, Inc. (NYSE:IT). State Street holds 0.03% of its portfolio in Gartner, Inc. (NYSE:IT) for 3.46 million shares. Ontario Teachers Pension Plan Board has invested 0.03% in Gartner, Inc. (NYSE:IT). State Of Alaska Department Of Revenue reported 20,052 shares stake. New York State Teachers Retirement System reported 142,346 shares or 0.04% of all its holdings. Optimum Inv Advisors owns 15 shares. Eagle Boston Invest Mngmt holds 0.79% or 67,317 shares in its portfolio. State Of New Jersey Common Pension Fund D invested in 34,800 shares or 0.02% of the stock. 47,542 are held by First Republic Mgmt. Bbr Partners Ltd holds 0.6% or 28,698 shares.

Since February 22, 2018, it had 0 insider purchases, and 11 sales for $6.23 million activity. Shares for $657,454 were sold by Kranich Robin B. 1,500 shares were sold by Dawkins Alwyn, worth $202,980 on Wednesday, May 16. 5,500 Gartner, Inc. (NYSE:IT) shares with value of $664,174 were sold by Sondergaard Peter. HALL EUGENE A also sold $1.86 million worth of Gartner, Inc. (NYSE:IT) shares. $247,032 worth of Gartner, Inc. (NYSE:IT) was sold by DYKSTRA KAREN E on Thursday, June 7. On Monday, June 4 the insider Christopher MR Thomas sold $250,916.

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 2.10 million shares of the consumer services company at the end of 2018Q1, valued at $246.42 million, down from 2.35 million 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 $20.35B and $14.70 billion US Long portfolio, upped its stake in Emcor Group Inc (NYSE:EME) by 139,752 shares to 805,345 shares, valued at $62.76 million in 2018Q1, according to the filing. It also increased its holding in Beacon Roofing Supply Inc (NASDAQ:BECN) by 936,976 shares in the quarter, for a total of 2.90 million shares, and has risen its stake in Transunion.

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 $88.51M 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: Gurufocus.com which released: “6 Quality Stocks in Guru Portfolios” on June 12, 2018. Also Businesswire.com published the news titled: “Gartner Says Focus on the Service Rep to Improve Customer Experience” on June 13, 2018. Fool.com‘s news article titled: “6 Reasons Salesforce Is Surging to All-Time Highs” with publication date: June 10, 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 “Hold” rating by Piper Jaffray on Tuesday, January 30. Morgan Stanley maintained the shares of IT in report on Wednesday, January 31 with “Equal-Weight” rating. On Tuesday, February 6 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm has “Hold” rating given on Friday, February 16 by Piper Jaffray. The firm has “Equal-Weight” rating given on Wednesday, May 9 by Morgan Stanley. The firm has “Buy” rating by RBC Capital Markets given on Monday, April 9. Piper Jaffray maintained the shares of IT in report on Tuesday, February 6 with “Hold” rating. The rating was maintained by Credit Suisse with “Buy” on Wednesday, February 7. The stock of Gartner, Inc. (NYSE:IT) has “Equal-Weight” rating given on Wednesday, February 7 by Morgan Stanley. On Monday, January 22 the stock rating was maintained by BMO Capital Markets with “Buy”.

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

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