One Wealth Management Investment & Advisory Services LLC Purchases 33 Shares of Gartner, Inc. (NYSE:IT)

One Wealth Management Investment & Advisory Services LLC increased its position in Gartner, Inc. (NYSE:IT) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,271 shares of the information technology services provider’s stock after buying an additional 33 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in Gartner were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Gartner in the fourth quarter valued at approximately $388,781,000. First Trust Advisors LP grew its holdings in Gartner by 830.4% in the 4th quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock worth $231,974,000 after acquiring an additional 458,963 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares during the period. Wellington Management Group LLP raised its stake in shares of Gartner by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock valued at $835,826,000 after acquiring an additional 198,274 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Gartner by 18.5% during the fourth quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock worth $415,344,000 after purchasing an additional 143,556 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $465.55, for a total transaction of $783,520.65. Following the sale, the director now directly owns 19,825 shares in the company, valued at approximately $9,229,528.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Gartner news, Director Anne Sutherland Fuchs sold 500 shares of Gartner stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.28, for a total value of $252,640.00. Following the completion of the sale, the director now owns 8,059 shares of the company’s stock, valued at approximately $4,072,051.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $9,229,528.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,998 shares of company stock valued at $13,834,898. Insiders own 3.60% of the company’s stock.

Gartner Stock Up 0.0 %

Shares of IT stock traded up $0.22 during trading hours on Friday, hitting $483.68. 356,677 shares of the company’s stock traded hands, compared to its average volume of 391,639. 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 stock has a market cap of $37.55 billion, a price-to-earnings ratio of 48.13, a PEG ratio of 3.83 and a beta of 1.33. The stock’s fifty day simple moving average is $471.55 and its two-hundred day simple moving average is $458.93. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $509.15.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The firm had revenue of $1.60 billion for 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 company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. On average, analysts expect that Gartner, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IT shares. Bank of America upped their price target on 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 raised Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their target price 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. Finally, UBS Group boosted their price target on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $521.00.

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.