Public Sector Pension Investment Board Lowered Gartner (IT) Position by $639,600; Stock Declined; State Str (STT) Market Valuation Rose While Longview Partners Guernsey LTD Lifted Position by $6.67 Million

May 16, 2018 - By Adrian Erickson

Gartner, Inc. (NYSE:IT) Logo

Longview Partners Guernsey Ltd increased its stake in State Str Corp (STT) by 0.85% based on its latest 2017Q4 regulatory filing with the SEC. Longview Partners Guernsey Ltd bought 68,797 shares as the company’s stock rose 1.05% while stock markets declined. The institutional investor held 8.13M shares of the major banks company at the end of 2017Q4, valued at $793.72M, up from 8.06M at the end of the previous reported quarter. Longview Partners Guernsey Ltd who had been investing in State Str Corp for a number of months, seems to be bullish on the $36.95 billion market cap company. The stock decreased 0.08% or $0.08 during the last trading session, reaching $101.13. About 138,665 shares traded. State Street Corporation (NYSE:STT) has risen 26.69% since May 16, 2017 and is uptrending. It has outperformed by 15.14% the S&P500.

Public Sector Pension Investment Board decreased its stake in Gartner Inc (IT) by 51.29% based on its latest 2017Q4 regulatory filing with the SEC. Public Sector Pension Investment Board sold 5,200 shares as the company’s stock declined 4.84% with the market. The institutional investor held 4,938 shares of the consumer services company at the end of 2017Q4, valued at $608,000, down from 10,138 at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Gartner Inc for a number of months, seems to be less bullish one the $12.29 billion market cap company. The stock decreased 0.36% or $0.49 during the last trading session, reaching $134.68. About 47,215 shares traded. Gartner, Inc. (NYSE:IT) has risen 7.52% since May 16, 2017 and is uptrending. It has underperformed by 4.03% the S&P500.

Since February 15, 2018, it had 0 buys, and 8 sales for $7.03 million activity. Another trade for 1,112 shares valued at $114,614 was sold by Erickson Andrew. 1,473 shares were sold by Schaefer Elizabeth, worth $154,665. Sullivan George E sold $360,230 worth of stock or 3,495 shares. $3.45 million worth of State Street Corporation (NYSE:STT) was sold by HOOLEY JOSEPH L on Thursday, February 15. Kuritzkes Andrew P sold $1.11 million worth of stock or 10,248 shares. $76,993 worth of State Street Corporation (NYSE:STT) was sold by Conway Jeff D.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.04, from 1 in 2017Q3. It fall, as 42 investors sold STT shares while 262 reduced holdings. 80 funds opened positions while 211 raised stakes. 312.70 million shares or 2.45% less from 320.54 million shares in 2017Q3 were reported. Ghp Advsr stated it has 0.24% of its portfolio in State Street Corporation (NYSE:STT). 77,975 were reported by Banque Pictet & Cie. Jefferies Ltd invested 0.02% in State Street Corporation (NYSE:STT). Qci Asset Mngmt holds 0% or 207 shares. Howe Rusling Incorporated stated it has 0% of its portfolio in State Street Corporation (NYSE:STT). Moreover, Kemper Master Retirement Tru has 1.44% invested in State Street Corporation (NYSE:STT). Northpointe Cap Lc invested in 33,106 shares or 0.36% of the stock. Principal Grp reported 602,115 shares. Captrust Fincl Advsrs, North Carolina-based fund reported 23 shares. Checchi Advisers Limited invested in 0.05% or 3,738 shares. Nwq Investment Management Com Ltd Llc has 19,000 shares. 13,091 were reported by Verition Fund Mgmt Ltd Liability Company. Utah Retirement Systems owns 0.14% invested in State Street Corporation (NYSE:STT) for 69,614 shares. Martingale Asset Limited Partnership holds 0.01% in State Street Corporation (NYSE:STT) or 10,405 shares. National Asset owns 3,019 shares for 0.04% of their portfolio.

Another recent and important State Street Corporation (NYSE:STT) news was published by Seekingalpha.com which published an article titled: “State Street’s (STT) CEO Jay Hooley on Q1 2018 Results – Earnings Call Transcript” on April 20, 2018.

Among 19 analysts covering State Street Corporation (NYSE:STT), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. State Street Corporation had 83 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was upgraded by Deutsche Bank on Monday, April 23 to “Buy”. The rating was maintained by Citigroup with “Neutral” on Monday, October 9. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, August 28 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $8800 target in Thursday, June 29 report. Argus Research maintained State Street Corporation (NYSE:STT) rating on Monday, October 26. Argus Research has “Buy” rating and $78 target. The stock of State Street Corporation (NYSE:STT) has “In-Line” rating given on Thursday, July 27 by Evercore. Goldman Sachs upgraded State Street Corporation (NYSE:STT) on Wednesday, January 4 to “Buy” rating. On Tuesday, December 12 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”. On Friday, April 6 the stock rating was upgraded by Vining Sparks to “Buy”. The stock of State Street Corporation (NYSE:STT) has “Buy” rating given on Wednesday, January 24 by Buckingham Research.

More notable recent Gartner, Inc. (NYSE:IT) news were published by: Bloomberg.com which released: “Canopy Applies to Become First Pot Producer Listed on the NYSE” on May 14, 2018, also Seekingalpha.com with their article: “Gartner (IT) Q1 2018 Results – Earnings Call Transcript” published on May 08, 2018, Globenewswire.com published: “Report: Exploring Fundamental Drivers Behind Gartner, F5 Networks, Medidata Solutions, Evertec, Ring Energy, and …” on May 15, 2018. More interesting news about Gartner, Inc. (NYSE:IT) were released by: Seekingalpha.com and their article: “Gartner Inc. 2018 Q1 – Results – Earnings Call Slides” published on May 08, 2018 as well as Businesswire.com‘s news article titled: “Gartner Announces Gartner Peer Insights Customers’ Choice Recognition for Six Markets” with publication date: May 15, 2018.

Investors 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. Jacobs Levy Equity Mgmt Inc reported 0.14% in Gartner, Inc. (NYSE:IT). Pub Employees Retirement Association Of Colorado holds 0.01% or 18,326 shares in its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has invested 0.01% in Gartner, Inc. (NYSE:IT). Lucas Mgmt has invested 0.69% of its portfolio in Gartner, Inc. (NYSE:IT). Wells Fargo And Mn accumulated 0.04% or 1.15 million shares. Echo Street Capital Mgmt Ltd Liability Corp owns 45,907 shares. Credit Suisse Ag has 147,765 shares for 0.02% of their portfolio. Bnp Paribas Arbitrage Sa owns 10,581 shares or 0% of their US portfolio. First Mercantile Tru invested in 2,474 shares. Kayne Anderson Rudnick Inv Limited owns 140,782 shares. Etrade Mngmt Limited Liability Company holds 0.01% or 2,531 shares in its portfolio. Balyasny Asset Management Limited Liability stated it has 5,430 shares. 2,360 are held by Raymond James Fin Advsr. Robeco Institutional Asset Mngmt Bv invested 0% of its portfolio in Gartner, Inc. (NYSE:IT). State Board Of Administration Of Florida Retirement stated it has 136,543 shares.

Among 13 analysts covering Gartner Inc (NYSE:IT), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Gartner Inc had 51 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Thursday, September 24 by Morgan Stanley. The rating was initiated by Macquarie Research on Friday, August 26 with “Outperform”. On Wednesday, May 9 the stock rating was maintained by BMO Capital Markets with “Outperform”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, November 2 report. The rating was maintained by Piper Jaffray on Tuesday, January 30 with “Hold”. The firm earned “Buy” rating on Thursday, October 5 by RBC Capital Markets. The rating was maintained by Piper Jaffray on Tuesday, February 6 with “Hold”. The rating was maintained by RBC Capital Markets with “Top Pick” on Friday, May 5. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, January 31. The rating was maintained by RBC Capital Markets on Wednesday, February 7 with “Buy”.

Analysts await Gartner, Inc. (NYSE:IT) to report earnings on August, 14. They expect $0.97 earnings per share, up 10.23% or $0.09 from last year’s $0.88 per share. IT’s profit will be $88.51 million for 34.71 P/E if the $0.97 EPS becomes a reality. After $0.72 actual earnings per share reported by Gartner, Inc. for the previous quarter, Wall Street now forecasts 34.72% EPS growth.

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

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