Venturi Wealth Management LLC Has $1.28 Million Stock Position in Gartner, Inc. (NYSE:IT)

Venturi Wealth Management LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 58.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,530 shares of the information technology services provider’s stock after buying an additional 935 shares during the period. Venturi Wealth Management LLC’s holdings in Gartner were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank acquired a new stake in Gartner during the third quarter worth $26,000. Crewe Advisors LLC boosted its stake in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Gartner during the third quarter worth $44,000. Fortitude Family Office LLC boosted its stake in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its stake in shares of Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total value of $5,357,600.00. Following the sale, the director now directly owns 554,274 shares of the company’s stock, valued at $296,957,838.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total value of $5,357,600.00. Following the sale, the director now directly owns 554,274 shares in the company, valued at $296,957,838.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,899 shares of company stock valued at $30,317,486. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Up 0.3 %

IT opened at $548.98 on Tuesday. Gartner, Inc. has a 1-year low of $410.58 and a 1-year high of $559.00. The stock’s fifty day simple moving average is $513.80 and its 200 day simple moving average is $475.31. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 2.31. The stock has a market cap of $42.30 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.32.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.56 EPS. As a group, research analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.

Analysts Set New Price Targets

IT has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays boosted their target price on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Morgan Stanley boosted their target price on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price target on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $539.25.

About Gartner

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.