Nomura Asset Management Co. Ltd. Boosts Stock Holdings in Gartner, Inc. (NYSE:IT)

Nomura Asset Management Co. Ltd. lifted its holdings in Gartner, Inc. (NYSE:IT) by 9.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 41,256 shares of the information technology services provider’s stock after purchasing an additional 3,595 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Gartner were worth $20,907,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its stake in Gartner by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 1,314 shares of the information technology services provider’s stock valued at $590,000 after purchasing an additional 77 shares during the last quarter. ORG Partners LLC raised its stake in shares of Gartner by 2,040.7% during the 2nd quarter. ORG Partners LLC now owns 578 shares of the information technology services provider’s stock worth $255,000 after acquiring an additional 551 shares in the last quarter. Mcdonald Partners LLC raised its stake in shares of Gartner by 0.5% during the 2nd quarter. Mcdonald Partners LLC now owns 5,550 shares of the information technology services provider’s stock worth $2,492,000 after acquiring an additional 25 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Gartner in the second quarter valued at approximately $213,000. Finally, Blue Trust Inc. grew its holdings in Gartner by 273.7% in the second quarter. Blue Trust Inc. now owns 426 shares of the information technology services provider’s stock worth $203,000 after purchasing an additional 312 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Down 0.4 %

IT stock opened at $512.62 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day simple moving average is $521.90 and its 200-day simple moving average is $487.63. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The company has a market capitalization of $39.54 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating 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 net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.56 earnings per share. As a group, equities research analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on IT shares. Barclays increased their price objective on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their price target on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Robert W. Baird increased their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $539.25.

Insider Activity at Gartner

In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the sale, the director now directly owns 554,274 shares of the company’s stock, valued at $296,957,838.24. This represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The trade was a 2.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,121 shares of company stock worth $36,697,770. 3.60% of the stock is owned by corporate insiders.

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.