Insigneo Advisory Services LLC Raises Position in Gartner, Inc. (NYSE:IT)

Insigneo Advisory Services LLC lifted its holdings in Gartner, Inc. (NYSE:IT) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 686 shares of the information technology services provider’s stock after purchasing an additional 28 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Gartner were worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Gartner by 1.1% in the third quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock worth $1,650,697,000 after buying an additional 36,258 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after acquiring an additional 103,814 shares during the period. Sustainable Growth Advisers LP purchased a new position in Gartner in the 2nd quarter worth $266,541,000. Dimensional Fund Advisors LP lifted its position in Gartner by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock worth $262,706,000 after acquiring an additional 56,908 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Gartner by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 490,011 shares of the information technology services provider’s stock valued at $248,318,000 after purchasing an additional 3,691 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gartner

In related news, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Smith sold 2,128 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $500.15, for a total transaction of $1,064,319.20. Following the completion of the transaction, the director now directly owns 572,090 shares in the company, valued at $286,130,813.50. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,060 shares of company stock valued at $37,663,141 over the last quarter. 3.60% of the stock is currently owned by insiders.

Gartner Stock Performance

NYSE:IT opened at $517.37 on Monday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $39.91 billion, a PE ratio of 38.15, a P/E/G ratio of 3.26 and a beta of 1.31. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company has a fifty day moving average of $521.52 and a two-hundred day moving average of $486.63.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.56 earnings per share. As a group, research analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IT has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley upped their price objective on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Robert W. Baird raised 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. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. One investment 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, Gartner currently has a consensus rating of “Hold” and a consensus price target 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.