Raymond James Financial Services Advisors Inc. Acquires 910 Shares of Gartner, Inc. (NYSE:IT)

Raymond James Financial Services Advisors Inc. raised its stake in shares of Gartner, Inc. (NYSE:ITGet Rating) by 21.2% during the third quarter, Holdings Channel reports. The firm owned 5,212 shares of the information technology services provider’s stock after buying an additional 910 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Gartner were worth $1,442,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IT. Pictet Asset Management SA increased its position in shares of Gartner by 0.5% during the 2nd quarter. Pictet Asset Management SA now owns 35,064 shares of the information technology services provider’s stock worth $8,480,000 after purchasing an additional 177 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Gartner by 162.2% during the second quarter. Park Avenue Securities LLC now owns 1,969 shares of the information technology services provider’s stock worth $476,000 after buying an additional 1,218 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Gartner by 234.5% in the second quarter. Janney Montgomery Scott LLC now owns 41,388 shares of the information technology services provider’s stock valued at $9,987,000 after acquiring an additional 29,015 shares during the last quarter. AlphaCrest Capital Management LLC boosted its holdings in shares of Gartner by 287.6% in the 2nd quarter. AlphaCrest Capital Management LLC now owns 5,671 shares of the information technology services provider’s stock worth $1,371,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in Gartner by 100.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 3,068 shares of the information technology services provider’s stock worth $742,000 after acquiring an additional 1,537 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on IT. Wells Fargo & Company boosted their price objective on Gartner from $358.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 13th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Friday, January 13th. Robert W. Baird raised their price objective on shares of Gartner from $365.00 to $381.00 in a research report on Wednesday, November 2nd. The Goldman Sachs Group upped their target price on shares of Gartner from $348.00 to $391.00 and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price target on shares of Gartner in a report on Tuesday, October 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $342.38.

Insider Activity at Gartner

In other news, CEO Eugene A. Hall sold 16,652 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $324.94, for a total value of $5,410,900.88. Following the completion of the sale, the chief executive officer now directly owns 1,143,277 shares of the company’s stock, valued at approximately $371,496,428.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Gartner news, EVP Claire Herkes sold 200 shares of the stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $356.21, for a total value of $71,242.00. Following the completion of the sale, the executive vice president now directly owns 2,328 shares in the company, valued at $829,256.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eugene A. Hall sold 16,652 shares of Gartner stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $324.94, for a total value of $5,410,900.88. Following the transaction, the chief executive officer now owns 1,143,277 shares in the company, valued at approximately $371,496,428.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,756 shares of company stock worth $10,065,089. 3.70% of the stock is owned by insiders.

Gartner Trading Down 1.9 %

Shares of NYSE IT opened at $324.47 on Friday. The firm has a market capitalization of $25.64 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.88 and a beta of 1.35. The firm’s 50-day moving average is $339.00 and its 200-day moving average is $304.86. Gartner, Inc. has a 1 year low of $221.39 and a 1 year high of $358.25.

Gartner (NYSE:ITGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.56. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Gartner had a net margin of 14.41% and a return on equity of 1,234.18%. As a group, equities research analysts anticipate that Gartner, Inc. will post 10.14 earnings per share for the current fiscal year.

Gartner Company Profile

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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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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