476 Shares in Gartner, Inc. (NYSE:IT) Acquired by Ballentine Partners LLC

Ballentine Partners LLC purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 476 shares of the information technology services provider’s stock, valued at approximately $214,000.

A number of other hedge funds also recently made changes to their positions in IT. Caprock Group LLC grew its holdings in shares of Gartner by 86.4% during the 2nd quarter. Caprock Group LLC now owns 1,847 shares of the information technology services provider’s stock worth $829,000 after purchasing an additional 856 shares during the period. Certuity LLC acquired a new position in Gartner during the second quarter valued at approximately $1,438,000. Custom Index Systems LLC grew its stake in Gartner by 3.2% during the second quarter. Custom Index Systems LLC now owns 1,040 shares of the information technology services provider’s stock worth $467,000 after buying an additional 32 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Gartner in the second quarter worth $650,000. Finally, One Wealth Management Investment & Advisory Services LLC raised its stake in shares of Gartner by 2.7% in the 2nd quarter. One Wealth Management Investment & Advisory Services LLC now owns 1,271 shares of the information technology services provider’s stock valued at $571,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, Director Anne Sutherland Fuchs sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total value of $252,640.00. Following the completion of the sale, the director now directly owns 8,059 shares of the company’s stock, valued at $4,072,051.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the sale, the executive vice president now owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne Sutherland Fuchs sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.28, for a total value of $252,640.00. Following the transaction, the director now directly owns 8,059 shares of the company’s stock, valued at $4,072,051.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,626 shares of company stock valued at $15,145,217. Insiders own 3.60% of the company’s stock.

Gartner Price Performance

IT stock opened at $505.67 on Friday. The stock’s 50 day moving average is $474.68 and its two-hundred day moving average is $459.99. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $509.15. The company has a market capitalization of $39.26 billion, a PE ratio of 50.32, a P/E/G ratio of 3.77 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 earnings per share. Analysts predict that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird upped their price target on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group upped their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Morgan Stanley increased their price objective on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $521.00.

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.