Gartner, Inc. (NYSE:IT) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its stake in Gartner, Inc. (NYSE:IT) by 10.7% during the third quarter, Holdings Channel reports. The firm owned 1,940 shares of the information technology services provider’s stock after purchasing an additional 188 shares during the period. Meeder Advisory Services Inc.’s holdings in Gartner were worth $983,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in IT. Lake Street Advisors Group LLC purchased a new stake in shares of Gartner during the 1st quarter worth about $304,000. Natixis grew its stake in Gartner by 268.6% during the first quarter. Natixis now owns 25,928 shares of the information technology services provider’s stock worth $12,359,000 after buying an additional 18,894 shares during the period. Vident Advisory LLC increased its position in shares of Gartner by 543.2% in the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock worth $4,375,000 after acquiring an additional 7,751 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Gartner in the 1st quarter valued at $222,000. Finally, Toronto Dominion Bank lifted its holdings in shares of Gartner by 79.7% during the 1st quarter. Toronto Dominion Bank now owns 86,899 shares of the information technology services provider’s stock valued at $41,422,000 after acquiring an additional 38,529 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. This represents a 2.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. The trade was a 18.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,172 shares of company stock worth $38,023,255 over the last ninety days. 3.60% of the stock is owned by insiders.

Gartner Price Performance

Shares of IT stock opened at $517.73 on Wednesday. The firm has a market cap of $39.93 billion, a P/E ratio of 38.18, a P/E/G ratio of 3.27 and a beta of 1.32. The firm has a fifty day moving average of $519.24 and a two-hundred day moving average of $479.68. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00.

Gartner (NYSE:IT) last announced its quarterly earnings data 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 return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $2.56 earnings per share. Gartner’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of recent research reports. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Barclays boosted their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, UBS Group boosted their price objective on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average 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.