IFM Investors Pty Ltd boosted its stake in Gartner, Inc. (NYSE:IT – Get Rating) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,862 shares of the information technology services provider's stock after purchasing an additional 476 shares during the period. IFM Investors Pty Ltd's holdings in Gartner were worth $3,352,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CVA Family Office LLC increased its holdings in Gartner by 25.0% in the first quarter. CVA Family Office LLC now owns 175 shares of the information technology services provider's stock valued at $52,000 after purchasing an additional 35 shares during the period. Allworth Financial LP grew its holdings in Gartner by 39.3% during the 1st quarter. Allworth Financial LP now owns 124 shares of the information technology services provider's stock worth $37,000 after acquiring an additional 35 shares during the period. Daiwa Securities Group Inc. grew its holdings in Gartner by 0.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,000 shares of the information technology services provider's stock worth $1,487,000 after acquiring an additional 38 shares during the period. Veriti Management LLC grew its holdings in Gartner by 1.7% during the 1st quarter. Veriti Management LLC now owns 2,371 shares of the information technology services provider's stock worth $705,000 after acquiring an additional 39 shares during the period. Finally, Fieldpoint Private Securities LLC grew its holdings in Gartner by 6.2% during the 1st quarter. Fieldpoint Private Securities LLC now owns 724 shares of the information technology services provider's stock worth $215,000 after acquiring an additional 42 shares during the period. 92.20% of the stock is currently owned by institutional investors and hedge funds.
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Insider Activity at Gartner
In related news, EVP Jules Kaufman sold 4,136 shares of Gartner stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $291.48, for a total value of $1,205,561.28. Following the completion of the transaction, the executive vice president now directly owns 4,664 shares in the company, valued at approximately $1,359,462.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jules Kaufman sold 4,136 shares of the business's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $291.48, for a total transaction of $1,205,561.28. Following the completion of the transaction, the executive vice president now directly owns 4,664 shares in the company, valued at approximately $1,359,462.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alwyn Dawkins sold 1,197 shares of the business's stock in a transaction on Monday, August 8th. The shares were sold at an average price of $300.00, for a total transaction of $359,100.00. Following the transaction, the executive vice president now owns 39,590 shares of the company's stock, valued at $11,877,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,640 shares of company stock worth $7,006,015. Corporate insiders own 3.70% of the company's stock.
Gartner Trading Down 1.4 %
NYSE:IT opened at $276.06 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 20.79. The stock has a market capitalization of $21.83 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.73 and a beta of 1.40. The firm's 50 day moving average is $288.68 and its 200 day moving average is $275.13. Gartner, Inc. has a 12 month low of $221.39 and a 12 month high of $368.99.
Gartner (NYSE:IT – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The information technology services provider reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.70. Gartner had a net margin of 14.42% and a return on equity of 497.67%. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $2.24 EPS. Gartner's revenue was up 18.0% on a year-over-year basis. Sell-side analysts expect that Gartner, Inc. will post 9.08 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. BMO Capital Markets decreased their price target on Gartner from $315.00 to $265.00 and set a "market perform" rating for the company in a report on Tuesday, June 21st. Barclays increased their price target on Gartner from $265.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, August 4th. Wells Fargo & Company increased their price target on Gartner from $305.00 to $345.00 and gave the stock an "overweight" rating in a report on Wednesday, August 3rd. Robert W. Baird raised their target price on Gartner from $334.00 to $365.00 in a research note on Wednesday, August 3rd. Finally, Morgan Stanley raised their target price on Gartner from $274.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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