Cromwell Holdings LLC Buys 43 Shares of Gartner, Inc. (NYSE:IT)

Cromwell Holdings LLC raised its stake in Gartner, Inc. (NYSE:IT) by 23.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224 shares of the information technology services provider’s stock after acquiring an additional 43 shares during the period. Cromwell Holdings LLC’s holdings in Gartner were worth $114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank bought a new stake in Gartner during the 3rd quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner in the 1st quarter worth $36,000. Crewe Advisors LLC lifted its holdings in shares of Gartner by 223.3% during 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 in the last quarter. J.Safra Asset Management Corp raised its position in Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after buying an additional 54 shares during the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IT has been the subject of several research analyst reports. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BMO Capital Markets increased their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research note on Monday, October 14th. Finally, UBS Group upped their price objective on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $532.86.

Insider Transactions at Gartner

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 value of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total value of $6,099,476.88. Following the sale, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,164 shares of company stock worth $32,601,014 in the last three months. Insiders own 3.60% of the company’s stock.

Gartner Stock Down 0.9 %

IT opened at $513.36 on Friday. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $535.29. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm has a 50-day simple moving average of $505.35 and a two-hundred day simple moving average of $469.93. The company has a market capitalization of $39.85 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings results 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 EPS. Analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

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.