Banco Santander S.A. Buys New Shares in Gartner, Inc. (NYSE:IT)

Banco Santander S.A. purchased a new stake in shares of Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,275 shares of the information technology services provider’s stock, valued at approximately $646,000.

Other hedge funds have also recently bought and sold shares of the company. Transcend Capital Advisors LLC bought a new stake in shares of Gartner in the 2nd quarter valued at about $512,000. Tidal Investments LLC raised its stake in Gartner by 24.4% in the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after buying an additional 1,940 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Gartner in the first quarter valued at approximately $1,049,000. Swedbank AB bought a new position in shares of Gartner during the 1st quarter worth approximately $30,735,000. Finally, Cetera Investment Advisers increased its holdings in shares of Gartner by 245.0% during the 1st quarter. Cetera Investment Advisers now owns 21,453 shares of the information technology services provider’s stock worth $10,226,000 after acquiring an additional 15,235 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Up 0.1 %

Shares of IT stock opened at $519.50 on Friday. The stock has a 50 day simple moving average of $519.89 and a 200 day simple moving average of $480.23. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. 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 stock has a market cap of $40.07 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. Gartner’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. On average, research analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the transaction, the director now owns 529,844 shares of the company’s stock, valued at approximately $293,893,869.92. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 443 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. The trade was a 18.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,172 shares of company stock valued at $38,023,255 in the last ninety days. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on IT. Wells Fargo & Company raised their price target on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. UBS Group increased their price target on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America boosted their price objective on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays increased their target price on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $539.25.

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.