Gartner, Inc. (NYSE:IT) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Gartner, Inc. (NYSE:IT) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,461 shares of the information technology services provider’s stock after selling 12,215 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Gartner worth $28,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Gartner by 20.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 593 shares of the information technology services provider’s stock valued at $283,000 after acquiring an additional 102 shares in the last quarter. Swedbank AB purchased a new stake in Gartner during the first quarter worth about $30,735,000. Cetera Investment Advisers boosted its holdings in Gartner by 245.0% during the first quarter. Cetera Investment Advisers now owns 21,453 shares of the information technology services provider’s stock worth $10,226,000 after buying an additional 15,235 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Gartner by 81.0% during the first quarter. Cetera Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $2,586,000 after buying an additional 2,428 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Gartner by 26.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 128,799 shares of the information technology services provider’s stock worth $61,634,000 after buying an additional 27,325 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $519.23 on Friday. The firm has a 50 day simple moving average of $520.81 and a 200-day simple moving average of $482.87. 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 market cap of $40.05 billion, a PE ratio of 38.29, a P/E/G ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The business 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 was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.56 earnings per share. On average, equities analysts expect that Gartner, Inc. will post 11.89 EPS for the current year.

Insider Buying and Selling

In related news, EVP Akhil Jain sold 500 shares of the company’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 transaction, the executive vice president now owns 4,339 shares of the company’s stock, valued at approximately $2,134,788. This represents a 10.33 % 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, Director James C. Smith sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $500.15, for a total transaction of $1,064,319.20. Following the transaction, the director now directly owns 572,090 shares of the company’s stock, valued at $286,130,813.50. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,149 shares of company stock valued at $37,694,911. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IT. Morgan Stanley boosted their price objective on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their target price on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $539.25.

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.