Hantz Financial Services Inc. Purchases Shares of 33,210 Gartner, Inc. (NYSE:IT)

Hantz Financial Services Inc. bought a new position in Gartner, Inc. (NYSE:IT) during the second quarter, Holdings Channel reports. The firm bought 33,210 shares of the information technology services provider’s stock, valued at approximately $14,913,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. TCW Group Inc. increased its holdings in Gartner by 4.0% in the fourth quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock valued at $89,800,000 after buying an additional 7,639 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of 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 valued at $11,987,000 after purchasing an additional 2,560 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Gartner in the 4th quarter valued at about $2,093,000. Charles Schwab Investment Management Inc. raised its holdings in Gartner by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock worth $208,328,000 after purchasing an additional 10,828 shares during the period. Finally, Madison Asset Management LLC boosted its position in Gartner by 2.8% during the fourth quarter. Madison Asset Management LLC now owns 344,657 shares of the information technology services provider’s stock worth $155,478,000 after purchasing an additional 9,538 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Up 1.3 %

Shares of IT stock opened at $491.96 on Friday. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $509.15. The firm has a market capitalization of $38.19 billion, a P/E ratio of 48.95, a PEG ratio of 3.80 and a beta of 1.33. The stock’s fifty day moving average is $467.82 and its two-hundred day moving average is $457.68. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.91 and a current ratio of 0.90.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $2.85 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts expect that Gartner, Inc. will post 11.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. UBS Group boosted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America upped their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Robert W. Baird upped their price target on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $521.00.

Insider Activity at Gartner

In related news, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 705 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the sale, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,123 shares of company stock valued at $15,796,036. Corporate insiders own 3.60% of the company’s stock.

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.