Gartner, Inc. (NYSE:IT) Stake Lifted by Weaver Capital Management LLC

Weaver Capital Management LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 116.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,439 shares of the information technology services provider’s stock after buying an additional 773 shares during the quarter. Weaver Capital Management LLC’s holdings in Gartner were worth $729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IT. Signet Financial Management LLC grew its stake in Gartner by 1.7% during the 1st quarter. Signet Financial Management LLC now owns 7,481 shares of the information technology services provider’s stock worth $3,566,000 after buying an additional 126 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Gartner by 8.3% in the first quarter. Cardinal Capital Management now owns 3,497 shares of the information technology services provider’s stock worth $1,667,000 after purchasing an additional 267 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Gartner by 6.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,550 shares of the information technology services provider’s stock worth $12,656,000 after purchasing an additional 1,582 shares in the last quarter. MorganRosel Wealth Management LLC grew its stake in shares of Gartner by 10.8% in the first quarter. MorganRosel Wealth Management LLC now owns 2,330 shares of the information technology services provider’s stock worth $1,111,000 after purchasing an additional 228 shares in the last quarter. Finally, Chapin Davis Inc. grew its stake in shares of Gartner by 26.1% in the first quarter. Chapin Davis Inc. now owns 2,683 shares of the information technology services provider’s stock worth $1,279,000 after purchasing an additional 555 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Down 1.4 %

Shares of NYSE IT opened at $523.76 on Wednesday. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $535.29. The company has a market cap of $40.66 billion, a price-to-earnings ratio of 52.12, a P/E/G ratio of 3.23 and a beta of 1.32. 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 business has a fifty day simple moving average of $503.22 and a 200-day simple moving average of $468.94.

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

Insider Buying and Selling

In related news, EVP Akhil Jain sold 400 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Akhil Jain sold 400 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne Sutherland Fuchs sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The stock was 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 directly owns 8,059 shares of the company’s stock, valued at approximately $4,072,051.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,164 shares of company stock valued at $32,601,014. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

IT has been the subject of several recent analyst reports. UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Bank of America upped their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $532.86.

Gartner 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.