Schwerin Boyle Capital Management Inc Lowers stake in Gartner Inc (IT)

Gartner Inc (IT) : Schwerin Boyle Capital Management Inc reduced its stake in Gartner Inc by 1.99% during the most recent quarter end. The investment management company now holds a total of 196,875 shares of Gartner Inc which is valued at $18,372,375 after selling 3,995 shares in Gartner Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Gartner Inc makes up approximately 2.53% of Schwerin Boyle Capital Management Inc’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors added IT to its portfolio by purchasing 11,555 company shares during the most recent quarter which is valued at $1,078,313. Gartner Inc makes up approx 0.05% of A.r.t. Advisors’s portfolio.Pioneer Investment Management Inc reduced its stake in IT by selling 120 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 74,073 shares of IT which is valued at $6,912,492. Gartner Inc makes up approx 0.02% of Pioneer Investment Management Inc’s portfolio. Eaton Vance Management added IT to its portfolio by purchasing 5,114 company shares during the most recent quarter which is valued at $483,120. Airain Ltd added IT to its portfolio by purchasing 12,114 company shares during the most recent quarter which is valued at $1,150,224. Gartner Inc makes up approx 0.07% of Airain Ltd’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in IT by selling 4,843 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 136,466 shares of IT which is valued at $13,563,356. Gartner Inc makes up approx 0.04% of Mizuho Trust Banking Ltd.’s portfolio.

Gartner Inc closed down -0.21 points or -0.23% at $90.79 with 2,72,665 shares getting traded on Thursday. Post opening the session at $90.75, the shares hit an intraday low of $90.45 and an intraday high of $91.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Gartner Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $610.00 million for the quarter, compared to analysts expectations of $598.41 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Gartner Inc. Macquarie Initiated Gartner Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $108.

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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