Hengehold Capital Management LLC Has $303,000 Holdings in Gartner, Inc. (NYSE:IT)

Hengehold Capital Management LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 27.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 598 shares of the information technology services provider’s stock after acquiring an additional 127 shares during the quarter. Hengehold Capital Management LLC’s holdings in Gartner were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new stake in shares of Gartner during the 1st quarter valued at $36,000. Crewe Advisors LLC grew its holdings 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 purchasing an additional 67 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after buying an additional 54 shares during the period. Asset Dedication LLC raised its holdings in Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Gartner during the 2nd quarter worth approximately $94,000. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of several analyst reports. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird lifted their target price on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their price objective on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets upped their target price on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a 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 assigned a buy rating to the stock. According to data from MarketBeat, Gartner has an average rating of “Hold” and an average target price of $532.86.

Insider Transactions at Gartner

In related news, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the sale, the executive vice president now owns 56,650 shares in the company, valued at approximately $28,636,008.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at $947,411.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock valued at $32,601,014 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Up 0.3 %

Shares of IT stock opened at $532.43 on Friday. The company has a market cap of $41.33 billion, a P/E ratio of 52.98, a PEG ratio of 3.23 and a beta of 1.32. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $535.29. The stock has a 50 day simple moving average of $500.22 and a two-hundred day simple moving average of $467.76. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 EPS. Research analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current year.

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.