Frank Rimerman Advisors LLC Purchases New Position in Gartner, Inc. (NYSE:IT)

Frank Rimerman Advisors LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 426 shares of the information technology services provider’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Gartner by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after acquiring an additional 60,786 shares during the period. Principal Financial Group Inc. lifted its holdings in Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after buying an additional 341,911 shares during the period. Findlay Park Partners LLP raised its position in shares of Gartner by 5.7% in the 1st quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock worth $323,240,000 after acquiring an additional 36,400 shares in the last quarter. Bessemer Group Inc. boosted its position in Gartner by 1.3% during the first quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock valued at $290,742,000 after purchasing an additional 7,852 shares in the last quarter. Finally, Sustainable Growth Advisers LP purchased a new position in Gartner in the second quarter valued at about $266,541,000. 91.51% of the stock is owned by institutional investors.

Insider Activity at Gartner

In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction that occurred 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 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Gartner news, EVP Claire Herkes sold 478 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the transaction, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 56,650 shares in the company, valued at $28,636,008.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,164 shares of company stock worth $32,601,014 over the last quarter. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

IT has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. UBS Group upped their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America raised their price objective on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price target on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $532.86.

Gartner Price Performance

Shares of IT opened at $514.81 on Tuesday. The firm has a market capitalization of $39.96 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 3.25 and a beta of 1.32. 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’s fifty day moving average price is $505.95 and its 200-day moving average price is $470.26. Gartner, Inc. has a 1-year low of $324.98 and a 1-year high of $535.29.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share 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 analyst estimates of $1.58 billion. During the same period in the prior year, the company earned $2.85 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Gartner, Inc. will post 11.65 EPS for the current year.

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.