706 Shares in Gartner, Inc. (NYSE:IT) Bought by One Wealth Capital Management LLC

One Wealth Capital Management LLC bought a new stake in shares of Gartner, Inc. (NYSE:IT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 706 shares of the information technology services provider’s stock, valued at approximately $342,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of Gartner during the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new position in Gartner during the third quarter valued at $44,000. True Wealth Design LLC grew its stake in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after buying an additional 94 shares in the last quarter. Fortitude Family Office LLC increased its holdings 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 buying an additional 20 shares during the last quarter. Finally, Asset Dedication LLC raised its position in shares of Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Down 0.7 %

IT traded down $3.47 on Tuesday, reaching $488.25. 275,269 shares of the company traded hands, compared to its average volume of 345,272. The company has a market cap of $37.66 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 3.18 and a beta of 1.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The firm has a fifty day simple moving average of $511.20 and a two-hundred day simple moving average of $495.42.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $2.56 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Gartner, Inc. will post 11.87 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on IT shares. Barclays lifted their price target on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their target price on shares of Gartner from $560.00 to $564.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued 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 “Hold” and an average price target of $543.75.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 10,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the sale, the director now owns 554,274 shares of the company’s stock, valued at approximately $296,957,838.24. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,583 shares of company stock worth $19,241,974. 3.60% of the stock is currently owned by company insiders.

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.