Vanguard Personalized Indexing Management LLC Raises Stake in Gartner, Inc. (NYSE:IT)

Vanguard Personalized Indexing Management LLC boosted its holdings in Gartner, Inc. (NYSE:IT) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,650 shares of the information technology services provider’s stock after purchasing an additional 91 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Gartner were worth $2,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TCW Group Inc. raised its position in shares of Gartner by 4.0% in the 4th quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock worth $89,800,000 after purchasing an additional 7,639 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Gartner by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after buying an additional 2,560 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Gartner in the fourth quarter worth approximately $2,093,000. Madison Asset Management LLC grew its holdings in shares of Gartner by 2.8% during the fourth quarter. Madison Asset Management LLC now owns 344,657 shares of the information technology services provider’s stock valued at $155,478,000 after buying an additional 9,538 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Gartner by 3,456.6% during the fourth quarter. TFO Wealth Partners LLC now owns 2,703 shares of the information technology services provider’s stock valued at $1,219,000 after buying an additional 2,627 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 1.4 %

Shares of NYSE:IT opened at $513.42 on Friday. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $517.48. The stock has a market capitalization of $39.86 billion, a price-to-earnings ratio of 51.09, a PEG ratio of 3.89 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day simple moving average is $481.90 and its two-hundred day simple moving average is $461.86.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IT shares. Bank of America boosted their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets increased their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their target price on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Robert W. Baird raised their price target on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $521.00.

Insider Activity

In related news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Gartner news, EVP Yvonne Genovese sold 443 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at $947,411.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the sale, the executive vice president now owns 4,839 shares in the company, valued at $2,346,915. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock valued at $32,601,014 in the last 90 days. 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.