Swedbank AB Has $31.22 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Swedbank AB lowered its position in Gartner, Inc. (NYSE:IT) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,604 shares of the information technology services provider’s stock after selling 249 shares during the quarter. Swedbank AB owned 0.08% of Gartner worth $31,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in IT. Eastern Bank bought a new position in Gartner during the 3rd quarter worth $26,000. Ashton Thomas Securities LLC bought a new position in shares of Gartner during the third quarter worth about $44,000. Crewe Advisors LLC raised its position 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 worth $44,000 after acquiring an additional 67 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares during the period. Finally, Asset Dedication LLC boosted its holdings in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, EVP Akhil Jain sold 500 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the sale, the executive vice president now owns 4,339 shares in the company, valued at $2,134,788. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares in the company, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,729 shares of company stock worth $37,809,011. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on IT. Morgan Stanley upped their price target on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their target price on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Barclays increased their price target on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Finally, UBS Group increased their target price on shares of 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 four have assigned a buy rating to the stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average target price of $539.25.

Gartner Stock Performance

Shares of IT stock opened at $518.76 on Tuesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average of $520.07 and a 200-day moving average of $481.44. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The company has a market cap of $40.01 billion, a P/E ratio of 38.26, a P/E/G ratio of 3.25 and a beta of 1.32.

Gartner (NYSE:IT) last posted its quarterly earnings data 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. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.56 EPS. Equities research analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal 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.