Gartner, Inc. (NYSE:IT) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its stake in Gartner, Inc. (NYSE:IT) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,020 shares of the information technology services provider’s stock after selling 1,995 shares during the period. Ensign Peak Advisors Inc’s holdings in Gartner were worth $14,828,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IT. Central Pacific Bank Trust Division purchased a new position in Gartner in the 1st quarter valued at approximately $36,000. Crewe Advisors LLC boosted its position in shares of Gartner by 223.3% in the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 54 shares in the last quarter. Rothschild Investment LLC acquired a new position in Gartner during the second quarter worth about $94,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Gartner by 16.0% in the first quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider’s stock valued at $131,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.5 %

Gartner stock opened at $516.38 on Tuesday. The company’s fifty day moving average price is $484.29 and its two-hundred day moving average price is $462.45. Gartner, Inc. has a one year low of $323.61 and a one year high of $517.48. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $40.09 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 3.89 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $2.85 earnings per share. Gartner’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts forecast that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the topic of a number of analyst reports. UBS Group increased their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price objective on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a report on Tuesday, August 13th. BMO Capital Markets lifted their price target 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. Finally, Morgan Stanley increased 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $521.00.

Insider Buying and Selling

In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares of the company’s stock, valued at $28,636,008.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the sale, the executive vice president now directly owns 56,650 shares in the company, valued at $28,636,008.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eugene A. Hall sold 12,082 shares of Gartner stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the sale, the chief executive officer now owns 1,143,389 shares in the company, valued at $577,228,502.76. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 in the last quarter. Insiders own 3.60% of the company’s stock.

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.