EP Wealth Advisors LLC bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,041 shares of the information technology services provider's stock, valued at approximately $528,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Choreo LLC acquired a new stake in Gartner in the second quarter valued at approximately $722,000. Victory Capital Management Inc. lifted its position in shares of Gartner by 43.3% during the 2nd quarter. Victory Capital Management Inc. now owns 59,140 shares of the information technology services provider's stock worth $26,557,000 after purchasing an additional 17,874 shares during the last quarter. Assetmark Inc. grew its stake in shares of Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock worth $2,607,000 after purchasing an additional 2,118 shares in the last quarter. Federated Hermes Inc. increased its holdings in Gartner by 9.0% in the second quarter. Federated Hermes Inc. now owns 59,393 shares of the information technology services provider's stock valued at $26,671,000 after buying an additional 4,887 shares during the last quarter. Finally, ING Groep NV raised its stake in Gartner by 38.4% in the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock valued at $5,223,000 after buying an additional 2,860 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.
In other Gartner news, EVP William James Wartinbee III sold 189 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the transaction, the executive vice president now owns 1,905 shares of the company's stock, valued at $963,949.05. This represents a 20.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,061 shares of company stock worth $19,483,846 in the last three months. Insiders own 3.60% of the company's stock.
NYSE IT opened at $518.54 on Thursday. The firm has a market cap of $40.00 billion, a P/E ratio of 38.24, a P/E/G ratio of 3.23 and a beta of 1.31. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. The business's 50-day moving average price is $522.13 and its 200 day moving average price is $487.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.
Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $2.56 EPS. On average, equities research analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.
A number of research 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 raised their price objective on shares of 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 target price 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $539.25.
View Our Latest Stock Analysis on IT
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.
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