Timessquare Capital Management LLC Cut Its Gartner INC (IT) Position by $30.13 Million as Market Value Rose

June 13, 2018 - By Clifton Ray

Gartner, Inc. (NYSE:IT) LogoInvestors sentiment decreased to 1.11 in 2018 Q1. 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. Guggenheim Ltd Liability Corporation stated it has 0.18% of its portfolio in Gartner, Inc. (NYSE:IT). Shine Inv Advisory Services Inc holds 0.01% or 124 shares in its portfolio. Bbr Partners Limited Liability Com reported 28,698 shares. Moreover, Thompson Siegel And Walmsley Ltd Liability Corporation has 0% invested in Gartner, Inc. (NYSE:IT). Moneta Grp Incorporated Inv Advsr Lc invested in 0% or 4 shares. The Arizona-based Arizona State Retirement has invested 0.06% in Gartner, Inc. (NYSE:IT). Oak Ridge Invests Limited Liability Com reported 36,199 shares. Hermes Investment Management Ltd accumulated 191,473 shares or 0.33% of the stock. Mackay Shields Ltd Com holds 15,258 shares or 0.01% of its portfolio. Whittier Com Of Nevada holds 0.01% in Gartner, Inc. (NYSE:IT) or 630 shares. Tarbox Family Office stated it has 0% in Gartner, Inc. (NYSE:IT). Voya Investment Management Limited Liability Corp stated it has 0.01% in Gartner, Inc. (NYSE:IT). Bamco New York holds 6.93 million shares or 3.75% of its portfolio. Liberty Mutual Grp Inc Asset Mngmt stated it has 0.01% in Gartner, Inc. (NYSE:IT). Yorktown Mgmt & Research Co has invested 0.1% in Gartner, Inc. (NYSE:IT).

Since February 22, 2018, it had 0 insider buys, and 11 insider sales for $6.23 million activity. Safian Craig sold $474,904 worth of Gartner, Inc. (NYSE:IT) on Friday, May 11. Another trade for 5,064 shares valued at $598,505 was made by Kranich Robin B on Monday, March 5. DYKSTRA KAREN E also sold $247,032 worth of Gartner, Inc. (NYSE:IT) on Thursday, June 7. 1,500 shares valued at $202,980 were sold by Dawkins Alwyn on Wednesday, May 16. Christopher MR Thomas also sold $250,916 worth of Gartner, Inc. (NYSE:IT) on Monday, June 4. Shares for $1.86 million were sold by HALL EUGENE A on Monday, February 26.

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 $246.42M, 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 $20.35 billion and $14.70 billion US Long portfolio, upped its stake in Strayer Education Inc. (NASDAQ:STRA) by 36,735 shares to 587,005 shares, valued at $59.32M in 2018Q1, according to the filing. It also increased its holding in Lithia Motors Inc. Cl A (NYSE:LAD) by 80,215 shares in the quarter, for a total of 286,005 shares, and has risen its stake in Leggett & Platt Inc. (NYSE:LEG).

Analysts await Gartner, Inc. (NYSE:IT) to report earnings on August, 14. They expect $0.97 earnings per share, 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 earnings per share 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. As per Monday, January 22, the company rating was maintained by BMO Capital Markets. The firm earned “Buy” rating on Tuesday, February 6 by BMO Capital Markets. Robert W. Baird maintained the shares of IT in report on Tuesday, February 6 with “Buy” rating. The company was maintained on Wednesday, February 7 by Morgan Stanley. The firm has “Buy” rating by Robert W. Baird given on Monday, January 8. The company was maintained on Wednesday, May 9 by BMO Capital Markets. The firm has “Hold” rating given on Tuesday, January 30 by Piper Jaffray. RBC Capital Markets maintained it with “Buy” rating and $13900 target in Monday, April 9 report. Piper Jaffray maintained the shares of IT in report on Friday, February 16 with “Hold” rating. The rating was maintained by Piper Jaffray on Tuesday, January 23 with “Hold”.

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

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