Pathstone Holdings LLC Has $8.72 Million Stake in Gartner, Inc. (NYSE:IT)

Pathstone Holdings LLC lowered its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.7% during the third quarter, HoldingsChannel reports. The firm owned 17,213 shares of the information technology services provider’s stock after selling 486 shares during the quarter. Pathstone Holdings LLC’s holdings in Gartner were worth $8,723,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IT. Baron Wealth Management LLC increased its stake in Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 19 shares in the last quarter. Meeder Advisory Services Inc. increased its position in shares of Gartner by 10.7% during the third quarter. Meeder Advisory Services Inc. now owns 1,940 shares of the information technology services provider’s stock worth $983,000 after acquiring an additional 188 shares in the last quarter. AMG National Trust Bank acquired a new stake in shares of Gartner during the third quarter worth $207,000. Gilbert & Cook Inc. lifted its position in Gartner by 6.3% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,344 shares of the information technology services provider’s stock valued at $681,000 after acquiring an additional 80 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Gartner by 8.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 37,824 shares of the information technology services provider’s stock valued at $19,168,000 after acquiring an additional 2,875 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In other news, EVP Yvonne Genovese sold 443 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at $947,411.58. The trade was a 18.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Akhil Jain sold 500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the transaction, the executive vice president now owns 4,339 shares in the company, valued at approximately $2,134,788. This trade represents a 10.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,172 shares of company stock worth $38,023,255. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on IT shares. UBS Group lifted their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price objective 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. Finally, BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $539.25.

Gartner Stock Performance

Shares of IT opened at $519.54 on Friday. The company has a market cap of $40.07 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The firm has a 50-day moving average of $519.61 and a 200-day moving average of $479.95. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

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, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $2.56 earnings per share. Gartner’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.

About Gartner

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.