Saturna Capital: “Gartner (IT) has had a Tremendous Year”

Saturna Capital, an investment management firm, published its “Amana Funds” third-quarter 2021 investor letter – a copy of which can be downloaded here. For the third quarter of 2021, the Amana Income Fund Investor Shares returned -2.54% and the Institutional Shares returned -2.50%. The Amana Growth Fund Investor Shares returned 0.95%, ahead of the 0.58% return of the S&P 500 Index, as well as the NASDAQ Composite return of -0.22% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Saturna Capital Amana Funds, in its Q3 2021 investor letter, mentioned Gartner, Inc. (NYSE: IT) and discussed its stance on the firm. Gartner, Inc. is a Stamford, Connecticut-based technology research and consulting company with a $25.2 billion market capitalization. IT delivered a 91.91% return since the beginning of the year, while its 12-month returns are up by 97.65%. The stock closed at $307.42 per share on December 06, 2021.

Here is what Saturna Capital Amana Funds has to say about Gartner, Inc.  in its Q3 2021 investor letter:

“Gartner has had a tremendous year, appreciating just shy of 90% through the first three quarters. Gartner provides IT research and advisory services, and the resumption of business activity has been a boon to its business. While the Delta variant continues to affect in-person events, investors are looking ahead to a resumption of its conference business as well.”

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Based on our calculations, Gartner, Inc. (NYSE: IT) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. IT was in 33 hedge fund portfolios at the end of the third quarter of 2021, compared to 39 funds in the previous quarter. Gartner, Inc. (NYSE: IT) delivered a  -1.89% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.