Mizuho Securities USA LLC Raises Holdings in Gartner, Inc. (NYSE:IT)

Mizuho Securities USA LLC boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 1,074.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,312 shares of the information technology services provider’s stock after acquiring an additional 64,327 shares during the quarter. Mizuho Securities USA LLC owned 0.09% of Gartner worth $35,631,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of Gartner by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after purchasing an additional 2,560 shares in the last quarter. Transcend Capital Advisors LLC purchased a new position in Gartner in the second quarter valued at $512,000. Tidal Investments LLC raised its position in shares of Gartner by 24.4% in the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after acquiring an additional 1,940 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Gartner during the 1st quarter worth about $1,049,000. Finally, Vident Advisory LLC grew its position in shares of Gartner by 543.2% during the 1st quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after acquiring an additional 7,751 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of Gartner stock opened at $522.77 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The stock has a market capitalization of $40.28 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 3.45 and a beta of 1.32. The business has a 50-day moving average of $518.32 and a 200 day moving average of $477.49.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. Gartner’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. This trade represents a 18.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James C. Smith sold 2,450 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the transaction, the director now owns 529,844 shares in the company, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,172 shares of company stock worth $38,023,255 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

IT has been the topic of several research analyst reports. UBS Group raised their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barclays boosted 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. Finally, Morgan Stanley raised their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.