Gartner, Inc. (NYSE:IT) Shares Acquired by Custom Index Systems LLC

Custom Index Systems LLC lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 62.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,692 shares of the information technology services provider’s stock after buying an additional 652 shares during the quarter. Custom Index Systems LLC’s holdings in Gartner were worth $857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Sustainable Growth Advisers LP purchased a new stake in Gartner in the 2nd quarter valued at approximately $266,541,000. Principal Financial Group Inc. lifted its holdings in Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Gartner by 38.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after purchasing an additional 114,610 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Gartner by 117.4% during the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after purchasing an additional 108,061 shares during the period. Finally, Norden Group LLC increased its holdings in shares of Gartner by 2,573.7% in the 1st quarter. Norden Group LLC now owns 71,360 shares of the information technology services provider’s stock valued at $34,010,000 after purchasing an additional 68,691 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Anne Sutherland Fuchs sold 500 shares of Gartner stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total value of $252,640.00. Following the transaction, the director now owns 8,059 shares in the company, valued at approximately $4,072,051.52. 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 can be accessed through the SEC website. In related news, Director Anne Sutherland Fuchs sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total transaction of $252,640.00. Following the sale, the director now directly owns 8,059 shares in the company, valued at approximately $4,072,051.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karen E. Dykstra sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $9,229,528.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,164 shares of company stock valued at $32,601,014. Insiders own 3.60% of the company’s stock.

Gartner Trading Down 0.9 %

Shares of Gartner stock traded down $4.59 during trading hours on Friday, reaching $513.36. 144,907 shares of the company’s stock were exchanged, compared to its average volume of 232,832. The firm has a market capitalization of $39.56 billion, a price-to-earnings ratio of 48.89, a price-to-earnings-growth ratio of 3.25 and a beta of 1.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $535.29. The company has a fifty day moving average of $505.35 and a 200-day moving average of $469.93.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (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 firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $2.85 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IT. Wells Fargo & Company upped their target price on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research report on Monday, October 14th. Bank of America lifted their price objective on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group upped their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted 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. Finally, Morgan Stanley boosted their price objective on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $532.86.

Gartner 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.