Smith Salley Wealth Management Has $2.47 Million Stake in Gartner, Inc. (NYSE:IT)

Smith Salley Wealth Management grew its holdings in Gartner, Inc. (NYSE:IT) by 5.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,882 shares of the information technology services provider’s stock after acquiring an additional 236 shares during the quarter. Smith Salley Wealth Management’s holdings in Gartner were worth $2,474,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Moors & Cabot Inc. boosted its holdings in Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 22 shares during the period. TIAA Trust National Association raised its position in shares of Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 23 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Gartner by 2.2% in the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 23 shares during the period. Wallace Advisory Group LLC grew its position in Gartner by 2.4% during the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after buying an additional 23 shares in the last quarter. Finally, Trust Point Inc. grew its position in Gartner by 3.2% during the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after buying an additional 23 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BMO Capital Markets upped their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Bank of America lifted their price target on shares of 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 increased their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised their price objective on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $532.86.

Insider Activity

In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the sale, the executive vice president now owns 56,650 shares of the company’s stock, valued at $28,636,008.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the transaction, the executive vice president now directly owns 56,650 shares in the company, valued at $28,636,008.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,164 shares of company stock worth $32,601,014. 3.60% of the stock is owned by corporate insiders.

Gartner Trading Down 0.9 %

Shares of IT stock opened at $513.36 on Friday. The company has a market capitalization of $39.56 billion, a P/E ratio of 48.89, a P/E/G ratio of 3.25 and a beta of 1.32. The firm has a 50-day moving average price of $505.35 and a 200 day moving average price of $469.93. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29.

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

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.