EP Wealth Advisors LLC Buys Shares of 1,041 Gartner, Inc. (NYSE:IT)

EP Wealth Advisors LLC purchased a new stake in Gartner, Inc. (NYSE:IT) in the third quarter, HoldingsChannel reports. The firm purchased 1,041 shares of the information technology services provider’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. Baron Wealth Management LLC grew its holdings in Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 19 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the last quarter. Moors & Cabot Inc. increased its position in Gartner by 3.0% during the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 22 shares in the last quarter. Wallace Advisory Group LLC increased its position in Gartner by 2.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 23 shares in the last quarter. Finally, Trust Point Inc. raised its stake in Gartner by 3.2% in the 3rd quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock valued at $378,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on IT. Barclays lifted their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their target price on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. One 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $539.25.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 478 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at $963,949.05. This trade represents a 20.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,061 shares of company stock valued at $19,483,846 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Gartner Trading Up 1.1 %

NYSE IT opened at $518.54 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 3.23 and a beta of 1.31. The company’s 50 day moving average price is $522.13 and its 200 day moving average price is $487.85. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00.

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. On average, sell-side analysts predict that Gartner, Inc. will post 11.89 EPS for the current year.

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.