Copperwynd Financial LLC Buys 301 Shares of Gartner, Inc. (NYSE:IT)

Copperwynd Financial LLC increased its position in Gartner, Inc. (NYSE:IT) by 20.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,773 shares of the information technology services provider’s stock after purchasing an additional 301 shares during the period. Copperwynd Financial LLC’s holdings in Gartner were worth $796,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Moors & Cabot Inc. lifted its stake in shares of Gartner by 3.0% in the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after buying an additional 22 shares in the last quarter. TIAA Trust National Association increased its position in shares of Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after acquiring an additional 23 shares in the last quarter. Mather Group LLC. raised its holdings in Gartner by 2.2% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock worth $514,000 after acquiring an additional 23 shares during the last quarter. Mcdonald Partners LLC lifted its position in Gartner by 0.5% in the 2nd quarter. Mcdonald Partners LLC now owns 5,550 shares of the information technology services provider’s stock valued at $2,492,000 after acquiring an additional 25 shares in the last quarter. Finally, Marks Group Wealth Management Inc boosted its stake in Gartner by 0.8% during the 1st quarter. Marks Group Wealth Management Inc now owns 3,916 shares of the information technology services provider’s stock valued at $1,867,000 after purchasing an additional 30 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the sale, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the transaction, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The disclosure for this sale can be found here. Insiders have sold a total of 65,164 shares of company stock valued at $32,601,014 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Bank of America upped their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. UBS Group increased their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $521.00.

Gartner Stock Performance

IT opened at $508.94 on Friday. The company’s 50 day moving average is $488.36 and its 200 day moving average is $463.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The company has a market cap of $39.51 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 3.21 and a beta of 1.32. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $521.64.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm earned $2.85 EPS. Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Gartner, Inc. will post 11.65 EPS for the current year.

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.