Gartner, Inc. (NYSE:IT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Gartner, Inc. (NYSE:IT) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 575,145 shares of the information technology services provider’s stock after selling 13,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Gartner were worth $291,460,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Eastern Bank acquired a new position in Gartner in the 3rd quarter valued at $26,000. Crewe Advisors LLC grew its position in shares of Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the period. Ashton Thomas Securities LLC acquired a new position in Gartner in the third quarter valued at $44,000. Fortitude Family Office LLC lifted its position in Gartner by 23.8% during the third 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 period. Finally, Asset Dedication LLC boosted its stake in Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $517.78 on Friday. The firm’s fifty day simple moving average is $520.93 and its 200 day simple moving average is $483.12. 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 twelve month low of $411.15 and a twelve month high of $559.00. The firm has a market capitalization of $39.94 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 3.24 and a beta of 1.32.

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

Insider Buying and Selling

In related news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the sale, the director now owns 509,457 shares of the company’s stock, valued at $266,965,657.14. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Akhil Jain sold 500 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,339 shares of the company’s stock, valued at approximately $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,149 shares of company stock valued at $37,694,911. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Barclays lifted their price target on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $539.25.

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.