2,925 Shares in Gartner, Inc. (NYSE:IT) Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC bought a new stake in Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,925 shares of the information technology services provider’s stock, valued at approximately $1,314,000.

A number of other hedge funds have also recently modified their holdings of the company. Gilbert & Cook Inc. raised its position in Gartner by 10.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,430 shares of the information technology services provider’s stock valued at $645,000 after purchasing an additional 137 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Gartner by 27.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 197 shares of the information technology services provider’s stock valued at $88,000 after purchasing an additional 43 shares in the last quarter. Private Advisor Group LLC increased its stake in Gartner by 62.3% during the 4th quarter. Private Advisor Group LLC now owns 1,073 shares of the information technology services provider’s stock worth $484,000 after buying an additional 412 shares during the period. Apollon Wealth Management LLC lifted its holdings in Gartner by 25.7% during the 4th quarter. Apollon Wealth Management LLC now owns 1,101 shares of the information technology services provider’s stock worth $497,000 after buying an additional 225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Gartner by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock valued at $208,328,000 after buying an additional 10,828 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Gartner stock traded up $4.56 during mid-day trading on Wednesday, reaching $486.39. The company had a trading volume of 28,957 shares, compared to its average volume of 391,717. The stock’s 50-day simple moving average is $469.27 and its 200-day simple moving average is $458.32. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $509.15. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $37.76 billion, a P/E ratio of 47.94, a P/E/G ratio of 3.83 and a beta of 1.33.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.20. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $2.85 EPS. On average, equities analysts predict that Gartner, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of recent research reports. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Morgan Stanley raised their target price on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird raised their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Bank of America boosted 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued 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 $521.00.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the transaction, the director now directly owns 599,074 shares in the company, valued at approximately $263,167,217.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Scott Hensel sold 5,580 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $490.00, for a total value of $2,734,200.00. Following the completion of the sale, the executive vice president now owns 19,724 shares of the company’s stock, valued at approximately $9,664,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the sale, the director now owns 599,074 shares of the company’s stock, valued at $263,167,217.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,998 shares of company stock worth $18,227,798. Insiders own 3.60% of the company’s stock.

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.