Sumitomo Mitsui Trust Group Inc. Purchases 307 Shares of Gartner, Inc. (NYSE:IT)

Sumitomo Mitsui Trust Group Inc. increased its position in Gartner, Inc. (NYSE:IT) by 0.2% in the third quarter, Holdings Channel.com reports. The fund owned 175,353 shares of the information technology services provider’s stock after acquiring an additional 307 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Gartner were worth $88,862,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Apollon Wealth Management LLC boosted its position in shares of Gartner by 19.4% in the third quarter. Apollon Wealth Management LLC now owns 1,014 shares of the information technology services provider’s stock valued at $514,000 after acquiring an additional 165 shares during the period. WCM Investment Management LLC lifted its position in Gartner by 18.5% during the third quarter. WCM Investment Management LLC now owns 21,275 shares of the information technology services provider’s stock valued at $10,828,000 after purchasing an additional 3,320 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Gartner by 58.6% during the third quarter. Venturi Wealth Management LLC now owns 2,530 shares of the information technology services provider’s stock valued at $1,282,000 after purchasing an additional 935 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Gartner during the third quarter valued at approximately $44,000. Finally, Atria Investments Inc lifted its position in Gartner by 2.2% during the third quarter. Atria Investments Inc now owns 18,785 shares of the information technology services provider’s stock valued at $9,519,000 after purchasing an additional 412 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets lifted their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, UBS Group lifted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $539.25.

Insider Buying and Selling at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the sale, the director now owns 529,844 shares in the company, valued at approximately $293,893,869.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,172 shares of company stock valued at $38,023,255. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Up 0.2 %

Shares of Gartner stock opened at $551.80 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company’s fifty day simple moving average is $516.48 and its two-hundred day simple moving average is $476.56. The company has a market cap of $42.52 billion, a P/E ratio of 40.69, a PEG ratio of 3.44 and a beta of 1.32. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.56 EPS. Research analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current year.

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.