Arkadios Wealth Advisors increased its position in shares of Gartner, Inc. (NYSE:IT – Get Rating) by 79.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407 shares of the information technology services provider's stock after purchasing an additional 624 shares during the period. Arkadios Wealth Advisors' holdings in Gartner were worth $340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. Clearstead Advisors LLC acquired a new position in Gartner in the first quarter worth approximately $27,000. Cambridge Trust Co. acquired a new position in Gartner in the first quarter worth approximately $31,000. JFS Wealth Advisors LLC grew its position in Gartner by 588.2% in the first quarter. JFS Wealth Advisors LLC now owns 117 shares of the information technology services provider's stock worth $35,000 after buying an additional 100 shares during the last quarter. Allworth Financial LP grew its position in Gartner by 39.3% in the first quarter. Allworth Financial LP now owns 124 shares of the information technology services provider's stock worth $37,000 after buying an additional 35 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC acquired a new position in Gartner in the first quarter worth approximately $39,000. Institutional investors own 92.20% of the company's stock.

Gartner Trading Down 1.4 %

Shares of NYSE IT opened at $276.06 on Monday. The business has a 50 day simple moving average of $288.68 and a 200 day simple moving average of $275.13. Gartner, Inc. has a 52 week low of $221.39 and a 52 week high of $368.99. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.73 and a beta of 1.40. The company has a debt-to-equity ratio of 20.79, a quick ratio of 0.62 and a current ratio of 0.62.

Insider Buying and Selling at Gartner

In related news, EVP Yvonne Genovese sold 645 shares of the business's stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $310.02, for a total value of $199,962.90. Following the completion of the sale, the executive vice president now directly owns 639 shares in the company, valued at approximately $198,102.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Yvonne Genovese sold 645 shares of the firm's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $310.02, for a total value of $199,962.90. Following the transaction, the executive vice president now directly owns 639 shares in the company, valued at approximately $198,102.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eugene A. Hall sold 10,425 shares of Gartner stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $294.26, for a total transaction of $3,067,660.50. Following the completion of the transaction, the chief executive officer now owns 1,167,041 shares in the company, valued at approximately $343,413,484.66. The disclosure for this sale can be found here. Insiders have sold a total of 23,640 shares of company stock worth $7,006,015 over the last three months. Corporate insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Gartner from $265.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 4th. Morgan Stanley lifted their price objective on shares of Gartner from $274.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 3rd. Robert W. Baird lifted their price objective on shares of Gartner from $334.00 to $365.00 in a research report on Wednesday, August 3rd. BMO Capital Markets lowered their price objective on shares of Gartner from $315.00 to $265.00 and set a "market perform" rating on the stock in a research report on Tuesday, June 21st. Finally, TheStreet upgraded shares of Gartner from a "c+" rating to a "b-" rating in a research report on Wednesday, August 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Gartner has a consensus rating of "Moderate Buy" and an average target price of $321.67.

Gartner Profile

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Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.

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