Gartner, Inc. (NYSE:IT) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in Gartner, Inc. (NYSE:IT) by 4.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,108 shares of the information technology services provider’s stock after buying an additional 45 shares during the quarter. D.A. Davidson & CO.’s holdings in Gartner were worth $561,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Eastern Bank acquired a new position in Gartner during the 3rd quarter worth $26,000. Crewe Advisors LLC grew its holdings in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Gartner during the 3rd quarter valued at approximately $44,000. Fortitude Family Office LLC boosted its position in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares in the last quarter. Finally, Asset Dedication LLC grew its holdings in Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the transaction, the director now owns 529,844 shares in the company, valued at approximately $293,893,869.92. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,560 shares of company stock worth $37,909,141. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IT. Morgan Stanley lifted their price target 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Barclays lifted their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird lifted their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $539.25.

Gartner Stock Down 0.3 %

Shares of IT opened at $515.56 on Wednesday. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 3.23 and a beta of 1.31. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The business’s fifty day moving average price is $521.12 and its two-hundred day moving average price is $485.23.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $2.56 earnings per share. On average, analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current year.

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.