Net Worth Advisory Group Takes Position in Gartner, Inc. (NYSE:IT)

Net Worth Advisory Group acquired a new position in Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 683 shares of the information technology services provider’s stock, valued at approximately $346,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sustainable Growth Advisers LP bought a new stake in shares of Gartner during the second quarter valued at about $266,541,000. Principal Financial Group Inc. increased its holdings in Gartner by 22.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after acquiring an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Gartner by 38.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after purchasing an additional 114,610 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Gartner by 117.4% in the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock valued at $89,856,000 after purchasing an additional 108,061 shares during the period. Finally, Norden Group LLC boosted its holdings in Gartner by 2,573.7% in the 1st quarter. Norden Group LLC now owns 71,360 shares of the information technology services provider’s stock valued at $34,010,000 after purchasing an additional 68,691 shares during the period. 91.51% of the stock is owned by institutional investors.

Insider Activity

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eugene A. Hall sold 12,082 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,143,389 shares in the company, valued at $577,228,502.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,164 shares of company stock valued at $32,601,014. Insiders own 3.60% of the company’s stock.

Gartner Trading Down 0.2 %

IT stock opened at $531.09 on Monday. The company has a market capitalization of $41.23 billion, a PE ratio of 52.84, a price-to-earnings-growth ratio of 3.23 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. Gartner, Inc. has a one year low of $323.61 and a one year high of $535.29. The company’s 50 day moving average price is $501.22 and its two-hundred day moving average price is $468.09.

Gartner (NYSE:IT) last issued 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 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 analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $2.85 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Robert W. Baird lifted their price target on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Bank of America upped their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a report on Monday, October 14th. 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $532.86.

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.