Brookside Capital Management LLC Upped Gartner INC (IT) Position

April 16, 2018 - By Winifred Garcia

Gartner, Inc. (NYSE:IT) LogoInvestors sentiment increased to 1.22 in 2017 Q4. Its up 0.05, from 1.17 in 2017Q3. It is positive, as 34 investors sold IT shares while 109 reduced holdings. 49 funds opened positions while 125 raised stakes. 85.40 million shares or 0.47% more from 85.00 million shares in 2017Q3 were reported. Lmr Partners Limited Liability Partnership has 6,975 shares. Harding Loevner Ltd Partnership holds 450 shares or 0% of its portfolio. First Bankshares Of Hutchinson owns 6,606 shares. Fred Alger Management Incorporated invested in 34,439 shares. Norinchukin Savings Bank The holds 0.02% of its portfolio in Gartner, Inc. (NYSE:IT) for 7,247 shares. Chevy Chase Trust Hldg stated it has 78,530 shares or 0.04% of all its holdings. Scotia Inc owns 2,503 shares or 0% of their US portfolio. 9,314 are owned by Strs Ohio. 2,815 were reported by Qs Investors Ltd Liability Co. Fmr Llc accumulated 5,185 shares. Smithfield Tru reported 0% in Gartner, Inc. (NYSE:IT). Amalgamated Fincl Bank reported 18,952 shares. Teacher Retirement Of Texas, Texas-based fund reported 39,982 shares. Captrust Fincl Advsr holds 0% or 415 shares in its portfolio. Invesco Ltd has 0.03% invested in Gartner, Inc. (NYSE:IT).

Since February 22, 2018, it had 0 insider purchases, and 5 insider sales for $4.04 million activity. Kranich Robin B sold $663,566 worth of stock. HALL EUGENE A sold $1.86 million worth of stock or 15,891 shares. Shares for $245,641 were sold by Dawkins Alwyn on Wednesday, March 14.

Bain Capital increased its stake in Gartner Inc (IT) by 41.09% based on its latest 2017Q4 regulatory filing with the SEC. Brookside Capital Management Llc bought 132,834 shares as the company’s stock declined 4.84% with the market. The hedge fund run by Bain Capital held 456,103 shares of the consumer services company at the end of 2017Q4, valued at $56.17 million, up from 323,269 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Gartner Inc for a number of months, seems to be bullish on the $10.66B market cap company. The stock increased 1.80% or $2.07 during the last trading session, reaching $117.13. About 134,156 shares traded. Gartner, Inc. (NYSE:IT) has risen 7.52% since April 16, 2017 and is uptrending. It has underperformed by 4.03% the S&P500.

Brookside Capital Management Llc, which manages about $1.38 billion US Long portfolio, decreased its stake in Honeywell Intl Inc (NYSE:HON) by 132,432 shares to 237,085 shares, valued at $36.36M in 2017Q4, according to the filing. It also reduced its holding in Northrop Grumman Corp (NYSE:NOC) by 26,621 shares in the quarter, leaving it with 70,864 shares, and cut its stake in Hilton Worldwide Hldgs Inc (Call).

Gartner, Inc. (NYSE:IT) Ratings Coverage

Among 8 analysts covering Gartner (NYSE:IT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Gartner had 19 analyst reports since October 23, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, February 6 by Robert W. Baird. As per Wednesday, January 31, the company rating was maintained by Morgan Stanley. Piper Jaffray maintained the shares of IT in report on Tuesday, February 6 with “Hold” rating. The stock of Gartner, Inc. (NYSE:IT) has “Buy” rating given on Friday, January 19 by RBC Capital Markets. The company was maintained on Wednesday, February 7 by Morgan Stanley. The company was maintained on Monday, October 23 by Morgan Stanley. The firm has “Hold” rating by Piper Jaffray given on Tuesday, January 30. The company was maintained on Wednesday, February 7 by Credit Suisse. BMO Capital Markets maintained Gartner, Inc. (NYSE:IT) rating on Tuesday, February 6. BMO Capital Markets has “Buy” rating and $135.0 target. Robert W. Baird maintained Gartner, Inc. (NYSE:IT) rating on Monday, January 8. Robert W. Baird has “Buy” rating and $145.0 target.

Gartner, Inc. (NYSE:IT) Institutional Positions Chart

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