Marsico Capital Management LLC Sells 4,059 Shares of Gartner Inc (IT)

Share on StockTwits

Marsico Capital Management LLC trimmed its position in shares of Gartner Inc (NYSE:IT) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,103 shares of the information technology services provider’s stock after selling 4,059 shares during the period. Marsico Capital Management LLC’s holdings in Gartner were worth $5,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in IT. Strs Ohio raised its holdings in Gartner by 2.5% during the fourth quarter. Strs Ohio now owns 3,625 shares of the information technology services provider’s stock valued at $463,000 after buying an additional 89 shares in the last quarter. Comerica Bank raised its holdings in Gartner by 0.3% during the fourth quarter. Comerica Bank now owns 30,420 shares of the information technology services provider’s stock valued at $4,014,000 after buying an additional 96 shares in the last quarter. Scotia Capital Inc. raised its holdings in Gartner by 3.4% during the fourth quarter. Scotia Capital Inc. now owns 3,001 shares of the information technology services provider’s stock valued at $384,000 after buying an additional 99 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Gartner by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 15,900 shares of the information technology services provider’s stock valued at $2,032,000 after buying an additional 100 shares in the last quarter. Finally, Securian Asset Management Inc raised its holdings in Gartner by 1.1% during the fourth quarter. Securian Asset Management Inc now owns 9,484 shares of the information technology services provider’s stock valued at $1,212,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Shares of Gartner stock traded up $1.16 during trading on Friday, reaching $145.29. The company’s stock had a trading volume of 1,435 shares, compared to its average volume of 623,861. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $12.91 billion, a PE ratio of 38.34, a PEG ratio of 2.51 and a beta of 1.31. Gartner Inc has a one year low of $114.40 and a one year high of $161.21.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. Gartner had a return on equity of 37.74% and a net margin of 3.08%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Research analysts forecast that Gartner Inc will post 3.97 earnings per share for the current year.

Several research firms have weighed in on IT. Cantor Fitzgerald restated a “hold” rating and set a $141.00 target price on shares of Gartner in a report on Thursday, February 14th. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a report on Tuesday, February 5th. Robert W. Baird restated a “buy” rating and set a $156.00 target price on shares of Gartner in a report on Wednesday, February 6th. Bank of America restated a “buy” rating and set a $150.00 target price on shares of Gartner in a report on Wednesday, February 6th. Finally, BMO Capital Markets lowered Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 target price on the stock. in a report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $142.81.

In related news, EVP Robin B. Kranich sold 8,496 shares of Gartner stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $143.00, for a total transaction of $1,214,928.00. Following the sale, the executive vice president now directly owns 11,989 shares of the company’s stock, valued at $1,714,427. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alwyn Dawkins sold 1,909 shares of Gartner stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $142.01, for a total value of $271,097.09. Following the sale, the executive vice president now directly owns 35,822 shares in the company, valued at $5,087,082.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,975 shares of company stock worth $15,020,962. 4.00% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Zolmax and is the sole property of of Zolmax. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://zolmax.com/investing/marsico-capital-management-llc-sells-4059-shares-of-gartner-inc-it/2965583.html.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Recommended Story: Diversification

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

dietbitcoin  One Day Volume Tops $0.00
dietbitcoin One Day Volume Tops $0.00
Noah Coin  Trading 17.1% Higher  Over Last Week
Noah Coin Trading 17.1% Higher Over Last Week
XRT Token Price Down 30.9% Over Last 7 Days
XRT Token Price Down 30.9% Over Last 7 Days
Loblaw Companies Ltd  Given Consensus Rating of “Buy” by Analysts
Loblaw Companies Ltd Given Consensus Rating of “Buy” by Analysts
Sunstone Hotel Investors Inc  Given Consensus Recommendation of “Hold” by Analysts
Sunstone Hotel Investors Inc Given Consensus Recommendation of “Hold” by Analysts
Nordson Co.  Receives $140.00 Average PT from Analysts
Nordson Co. Receives $140.00 Average PT from Analysts


 
© 2006-2019 Zolmax.