Avestar Capital LLC Increases Stake in Gartner, Inc. (NYSE:IT)

Avestar Capital LLC boosted its stake in Gartner, Inc. (NYSE:IT) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 811 shares of the information technology services provider’s stock after buying an additional 89 shares during the period. Avestar Capital LLC’s holdings in Gartner were worth $411,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Baron Wealth Management LLC lifted its position in Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 19 shares during the period. Fortitude Family Office LLC boosted its position 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 worth $53,000 after purchasing an additional 20 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after buying an additional 22 shares during the last quarter. Mather Group LLC. grew its stake in shares of Gartner by 2.2% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock worth $514,000 after buying an additional 23 shares during the last quarter. Finally, Wallace Advisory Group LLC increased its position in Gartner by 2.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock valued at $440,000 after buying an additional 23 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In other Gartner news, EVP Akhil Jain sold 500 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the completion of the sale, the executive vice president now owns 4,339 shares in the company, valued at approximately $2,134,788. This represents a 10.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James C. Smith sold 2,128 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $500.15, for a total value of $1,064,319.20. Following the completion of the transaction, the director now owns 572,090 shares in the company, valued at $286,130,813.50. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,149 shares of company stock valued at $37,694,911 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Performance

Shares of NYSE IT opened at $519.23 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The firm has a market capitalization of $40.05 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The firm has a 50 day moving average of $520.55 and a 200 day moving average of $482.61.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IT shares. Bank of America increased their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird upped their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays raised their price target on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price target on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $539.25.

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.