Gartner, Inc. (NYSE:IT) Shares Acquired by Wahed Invest LLC

Wahed Invest LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,308 shares of the information technology services provider’s stock after buying an additional 87 shares during the period. Wahed Invest LLC’s holdings in Gartner were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $26,000. MCF Advisors LLC acquired a new position in Gartner during the fourth quarter worth $27,000. Frazier Financial Advisors LLC purchased a new stake in Gartner during the fourth quarter worth $27,000. VisionPoint Advisory Group LLC grew its holdings in Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of Gartner by 357.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 68 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on IT. Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target on the stock. Robert W. Baird cut their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. BMO Capital Markets decreased their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Finally, UBS Group reduced their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Moderate Buy” and an average price target of $474.50.

Gartner Trading Up 2.4 %

Shares of IT stock opened at $442.69 on Tuesday. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $486.54. The firm’s 50-day simple moving average is $441.04 and its 200-day simple moving average is $452.10. The firm has a market cap of $34.37 billion, a P/E ratio of 44.05, a PEG ratio of 3.78 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm earned $2.88 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Gartner, Inc. will post 11.55 EPS for the current year.

Insider Buying and Selling

In other Gartner news, EVP Alwyn Dawkins sold 600 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $447.63, for a total value of $268,578.00. Following the transaction, the executive vice president now directly owns 51,583 shares of the company’s stock, valued at $23,090,098.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Gartner news, EVP Alwyn Dawkins sold 600 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $447.63, for a total transaction of $268,578.00. Following the transaction, the executive vice president now directly owns 51,583 shares in the company, valued at approximately $23,090,098.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $893,558.67. The disclosure for this sale can be found here. In the last three months, insiders sold 22,544 shares of company stock valued at $10,079,813. Company insiders own 3.60% of the company’s stock.

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.