Gartner (IT) Stake Has Increased by Timessquare Capital Management Llc; Redwood Capital Management Lifted Stake in Mercer Intl (MERC)

January 14, 2018 - By Vivian Park

Timessquare Capital Management Llc increased its stake in Gartner Inc (IT) by 4.18% based on its latest 2017Q3 regulatory filing with the SEC. Timessquare Capital Management Llc bought 89,600 shares as the company’s stock rose 9.97% with the market. The institutional investor held 2.23 million shares of the consumer services company at the end of 2017Q3, valued at $277.58 million, up from 2.14M at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Gartner Inc for a number of months, seems to be bullish on the $11.80 billion market cap company. The stock increased 0.40% or $0.52 during the last trading session, reaching $130.13. About 244,883 shares traded. Gartner, Inc. (NYSE:IT) has risen 15.57% since January 14, 2017 and is uptrending. It has underperformed by 1.13% the S&P500.

Jonathan Kolatch increased its stake in Mercer Intl Inc (MERC) by 7.64% based on its latest 2017Q3 regulatory filing with the SEC. Redwood Capital Management Llc bought 147,500 shares as the company’s stock declined 10.80% while stock markets rallied. The hedge fund run by Jonathan Kolatch held 2.08M shares of the paper company at the end of 2017Q3, valued at $24.62 million, up from 1.93M at the end of the previous reported quarter. Redwood Capital Management Llc who had been investing in Mercer Intl Inc for a number of months, seems to be bullish on the $958.44M market cap company. The stock increased 2.61% or $0.38 during the last trading session, reaching $14.75. About 124,842 shares traded. Mercer International Inc. (NASDAQ:MERC) has risen 25.28% since January 14, 2017 and is uptrending. It has outperformed by 8.58% the S&P500.

Among 13 analysts covering Gartner Inc (NYSE:IT), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Gartner Inc had 36 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, October 4 report. On Tuesday, November 10 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The stock of Gartner, Inc. (NYSE:IT) has “Buy” rating given on Wednesday, September 20 by Robert W. Baird. Macquarie Research initiated Gartner, Inc. (NYSE:IT) on Friday, August 26 with “Outperform” rating. The firm has “Buy” rating by BMO Capital Markets given on Friday, October 13. BMO Capital Markets maintained the shares of IT in report on Thursday, August 10 with “Buy” rating. On Monday, January 25 the stock rating was initiated by Atlantic Securities with “Overweight”. The firm has “Buy” rating by Credit Suisse given on Wednesday, August 9. The stock has “Buy” rating by BMO Capital Markets on Sunday, November 26. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, April 26.

Timessquare Capital Management Llc, which manages about $20.35B and $14.92B US Long portfolio, decreased its stake in Nasdaq Inc (NASDAQ:NDAQ) by 158,700 shares to 1.04M shares, valued at $81.05 million in 2017Q3, according to the filing. It also reduced its holding in Irhythm Technologies Inc by 263,610 shares in the quarter, leaving it with 796,620 shares, and cut its stake in Ollie S Bargain Outlet Ho.

Since August 10, 2017, it had 0 insider purchases, and 6 selling transactions for $2.61 million activity. $289,219 worth of Gartner, Inc. (NYSE:IT) shares were sold by Dawkins Alwyn. 5,000 shares valued at $585,105 were sold by FUCHS ANNE SUTHERLAND on Tuesday, August 15.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.50, from 1.67 in 2017Q2. It worsened, as 26 investors sold IT shares while 114 reduced holdings. 39 funds opened positions while 125 raised stakes. 85.00 million shares or 4.01% more from 81.72 million shares in 2017Q2 were reported. 15 are owned by Howe Rusling. Genesee Valley Tru Co invested in 0.65% or 12,782 shares. Andra Ap accumulated 0.23% or 78,165 shares. Los Angeles Capital Mngmt & Equity Rech holds 0% in Gartner, Inc. (NYSE:IT) or 3,221 shares. City Hldg has invested 0% in Gartner, Inc. (NYSE:IT). Farr Miller And Washington Limited Liability Dc holds 4,950 shares. Arrowmark Colorado Ltd Liability Corporation holds 0.47% or 336,000 shares in its portfolio. Investment Counsel invested in 2,450 shares or 0.13% of the stock. 8,517 are held by Boston Private Wealth Ltd Liability Co. Putnam Ltd Limited Liability Company holds 0% or 1,665 shares. Public Employees Retirement Association Of Colorado reported 17,768 shares. The United Kingdom-based Ahl Prns Llp has invested 0.01% in Gartner, Inc. (NYSE:IT). Fjarde Ap owns 22,327 shares for 0.05% of their portfolio. Automobile Association reported 75,395 shares stake. Burgundy Asset Management stated it has 388,651 shares or 0.46% of all its holdings.

Redwood Capital Management Llc, which manages about $7.54 billion and $978.31M US Long portfolio, decreased its stake in Cigna Corporation (NYSE:CI) by 148,769 shares to 40,000 shares, valued at $7.48 million in 2017Q3, according to the filing.

Since August 2, 2017, it had 4 insider buys, and 18 sales for $29.83 million activity. Shares for $355,092 were sold by LEE JIMMY S H on Monday, January 8. $120,790 worth of Mercer International Inc. (NASDAQ:MERC) was sold by Lauritzen Eric. Shares for $142,549 were bought by KELLOGG PETER R. Shepherd James sold $49,729 worth of stock or 4,560 shares.

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