Gartner, Inc. (NYSE:IT) Shares Bought by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. grew its stake in shares of Gartner, Inc. (NYSE:IT) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,960 shares of the information technology services provider’s stock after purchasing an additional 99 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Gartner were worth $993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in Gartner by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after buying an additional 2,560 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in shares of Gartner in the second quarter worth $512,000. Tidal Investments LLC increased its holdings in shares of Gartner by 24.4% during the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after purchasing an additional 1,940 shares during the period. Findlay Park Partners LLP raised its stake in shares of Gartner by 5.7% during the first quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock valued at $323,240,000 after purchasing an additional 36,400 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Gartner in the first quarter worth about $1,049,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on IT shares. 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 report on Wednesday, July 31st. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Bank of America boosted 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 raised their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley boosted their price target on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $529.29.

Insiders Place Their Bets

In other Gartner news, EVP Akhil Jain sold 400 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Akhil Jain sold 400 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the transaction, the chief executive officer now directly owns 1,143,389 shares in the company, valued at $577,228,502.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is currently owned by insiders.

Gartner Stock Down 0.4 %

IT opened at $518.72 on Friday. The firm has a market cap of $39.97 billion, a P/E ratio of 49.40, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The business has a 50 day moving average price of $494.50 and a 200 day moving average price of $465.97. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $522.00.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $2.85 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 11.65 EPS for the current year.

Gartner Company 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.