Timessquare Capital Management buys $222.6 Million stake in Gartner Inc (IT)

Gartner Inc (IT) : Timessquare Capital Management scooped up 237,325 additional shares in Gartner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,281,025 shares of Gartner Inc which is valued at $222.6 Million.Gartner Inc makes up approximately 1.45% of Timessquare Capital Management’s portfolio.

Other Hedge Funds, Including , Ridgeworth Capital Management sold out all of its stake in IT during the most recent quarter. The investment firm sold 259 shares of IT which is valued $25,278. Janney Montgomery Scott sold out all of its stake in IT during the most recent quarter. The investment firm sold 3,534 shares of IT which is valued $344,918.New York State Common Retirement Fund boosted its stake in IT in the latest quarter, The investment management firm added 35,100 additional shares and now holds a total of 270,962 shares of Gartner Inc which is valued at $26.4 Million. Gartner Inc makes up approx 0.04% of New York State Common Retirement Fund’s portfolio. Wedge Capital Management L L Pnc sold out all of its stake in IT during the most recent quarter. The investment firm sold 10,200 shares of IT which is valued $993,582.

Gartner Inc opened for trading at $97.44 and hit $98.44 on the upside on Monday, eventually ending the session at $98.1, with a gain of 0.51% or 0.5 points. The heightened volatility saw the trading volume jump to 3,04,561 shares. Company has a market cap of $8,093 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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