Toroso Investments LLC Raises Holdings in Gartner, Inc. (NYSE:IT)

Toroso Investments LLC grew its position in shares of Gartner, Inc. (NYSE:IT – Get Rating) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 3,323 shares of the information technology services provider’s stock after purchasing an additional 151 shares during the quarter. Toroso Investments LLC’s holdings in Gartner were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of Gartner by 6.0% during the 1st quarter. US Bancorp DE now owns 2,563 shares of the information technology services provider’s stock valued at $762,000 after purchasing an additional 144 shares during the period. Aviva PLC raised its stake in shares of Gartner by 53.3% during the 1st quarter. Aviva PLC now owns 42,028 shares of the information technology services provider’s stock valued at $12,502,000 after purchasing an additional 14,618 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Gartner by 9.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 27,043 shares of the information technology services provider’s stock valued at $8,044,000 after purchasing an additional 2,347 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Gartner by 25.2% during the 1st quarter. Allianz Asset Management GmbH now owns 98,889 shares of the information technology services provider’s stock valued at $29,415,000 after purchasing an additional 19,892 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Gartner by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock valued at $2,736,085,000 after purchasing an additional 102,709 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IT shares. BMO Capital Markets boosted their price objective on Gartner from $356.00 to $357.00 and gave the company a “market perform” rating in a research note on Thursday, February 9th. StockNews.com began coverage on Gartner in a research report on Thursday. They set a “buy” rating for the company. Wells Fargo & Company boosted their target price on Gartner from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Morgan Stanley boosted their target price on Gartner from $358.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Finally, Barclays boosted their target price on Gartner from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Friday, December 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $359.00.

Gartner Trading Down 1.1 %

Shares of IT stock opened at $302.49 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 10.77. The business has a 50-day moving average price of $334.13 and a two-hundred day moving average price of $322.15. Gartner, Inc. has a 12-month low of $221.39 and a 12-month high of $358.25. The firm has a market cap of $23.91 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 5.04 and a beta of 1.28.

Gartner (NYSE:IT – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The information technology services provider reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $1.13. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. Gartner had a return on equity of 2,645.96% and a net margin of 14.75%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.99 earnings per share. Equities analysts anticipate that Gartner, Inc. will post 9.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Eugene A. Hall sold 16,410 shares of the stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $351.33, for a total transaction of $5,765,325.30. Following the completion of the sale, the chief executive officer now owns 1,148,281 shares of the company’s stock, valued at $403,425,563.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Gartner news, CEO Eugene A. Hall sold 16,410 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $351.33, for a total transaction of $5,765,325.30. Following the completion of the sale, the chief executive officer now owns 1,148,281 shares of the company’s stock, valued at approximately $403,425,563.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott Hensel sold 3,007 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $355.00, for a total transaction of $1,067,485.00. Following the sale, the executive vice president now directly owns 12,885 shares of the company’s stock, valued at approximately $4,574,175. The disclosure for this sale can be found here. Insiders have sold 43,031 shares of company stock valued at $15,047,172 in the last ninety days. Company insiders own 3.70% of the company’s stock.

Gartner Profile

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.