Baker Tilly Wealth Management LLC Grows Stock Holdings in Gartner, Inc. (NYSE:IT)

Baker Tilly Wealth Management LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,144 shares of the information technology services provider’s stock after purchasing an additional 45 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Gartner were worth $580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Eastern Bank acquired a new stake in Gartner in the third quarter valued at $26,000. Central Pacific Bank Trust Division acquired a new stake in Gartner in the first quarter valued at $36,000. Crewe Advisors LLC raised its holdings in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 54 shares in the last quarter. Finally, Asset Dedication LLC raised its holdings in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 47 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gartner

In other news, EVP Yvonne Genovese sold 443 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $947,411.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Hensel sold 5,580 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the transaction, the executive vice president now directly owns 19,724 shares in the company, valued at approximately $9,664,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock valued at $32,601,014 over the last three months. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Performance

Shares of IT opened at $516.59 on Monday. Gartner, Inc. has a 52-week low of $324.98 and a 52-week high of $535.29. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm has a 50-day moving average price of $505.35 and a 200 day moving average price of $469.98. The firm has a market capitalization of $40.10 billion, a PE ratio of 51.40, a P/E/G ratio of 3.25 and a beta of 1.32.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.85 earnings per share. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the topic of several recent analyst reports. UBS Group upped their price target on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a report on Monday, October 14th. BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird increased their price objective on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $532.86.

Gartner Company Profile

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.