Timessquare Capital Management Lowers stake in Gartner Inc (IT)

Gartner Inc (IT) : Timessquare Capital Management reduced its stake in Gartner Inc by 10.03% during the most recent quarter end. The investment management company now holds a total of 2,052,350 shares of Gartner Inc which is valued at $191,525,302 after selling 228,675 shares in Gartner Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Gartner Inc makes up approximately 1.21% of Timessquare Capital Management’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden added IT to its portfolio by purchasing 12,400 company shares during the most recent quarter which is valued at $1,157,168. Gartner Inc makes up approx 0.05% of Tredje Ap-fonden’s portfolio.Mutual Of America Capital Management boosted its stake in IT in the latest quarter, The investment management firm added 4,422 additional shares and now holds a total of 61,253 shares of Gartner Inc which is valued at $6,087,936. Gartner Inc makes up approx 0.13% of Mutual Of America Capital Management’s portfolio.Sg Americas Securities reduced its stake in IT by selling 5,196 shares or 16.48% in the most recent quarter. The Hedge Fund company now holds 26,328 shares of IT which is valued at $2,616,740. Gartner Inc makes up approx 0.02% of Sg Americas Securities’s portfolio. Trust Co Of Vermont added IT to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $10,894.

Gartner Inc closed down -0.08 points or -0.09% at $90.91 with 2,48,617 shares getting traded on Tuesday. Post opening the session at $91.21, the shares hit an intraday low of $90.89 and an intraday high of $91.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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