Bbr Partners buys $2.2 Million stake in Gartner Inc (IT)

Gartner Inc (IT) : Bbr Partners scooped up 220 additional shares in Gartner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 22,697 shares of Gartner Inc which is valued at $2.2 Million.Gartner Inc makes up approximately 0.38% of Bbr Partners’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in IT in the latest quarter, The investment management firm added 104 additional shares and now holds a total of 32,122 shares of Gartner Inc which is valued at $3.1 Million. Gartner Inc makes up approx 0.01% of Raymond James Associates’s portfolio.World Asset Management Inc reduced its stake in IT by selling 50 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 4,037 shares of IT which is valued at $351,905. Gartner Inc makes up approx 0.01% of World Asset Management Inc’s portfolio.

Gartner Inc opened for trading at $98.42 and hit $99.5099 on the upside on Friday, eventually ending the session at $99.16, with a gain of 1.05% or 1.03 points. The heightened volatility saw the trading volume jump to 3,20,358 shares. Company has a market cap of $8,181 M.

On the company’s financial health, Gartner Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.45. The company had revenue of $557.30 million for the quarter, compared to analysts expectations of $540.55 million. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Gartner Inc. Company shares were Reiterated by RBC Capital Mkts on May 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 94 from a previous price target of $89 .Gartner Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

Gartner Inc. is an information technology (IT) research and advisory company. The Company has three business segments: Research Consulting and Events. Research segment provides objective insight on critical and timely technology and supply chain initiatives for CIOs (Chief Information Officers) other IT professionals supply chain leaders digital marketing professionals technology companies and the institutional investment community through reports briefings tools access to its analysts peer networking services and membership programs. Consulting segment provides customized solutions to client needs through on-site day-to-day support as well as tools for measuring and improving IT performance with a focus on cost performance efficiency and quality. Events segment provides IT supply chain and business professionals the opportunity to attend various symposia conferences and exhibitions to learn contribute and network with the peers.

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