Hanseatic Management Services Inc. Takes $522,000 Position in Gartner, Inc. (NYSE:IT)

Hanseatic Management Services Inc. bought a new stake in Gartner, Inc. (NYSE:IT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,754 shares of the information technology services provider’s stock, valued at approximately $522,000.

A number of other large investors have also added to or reduced their stakes in IT. US Bancorp DE raised its stake in Gartner by 6.0% during the first quarter. US Bancorp DE now owns 2,563 shares of the information technology services provider’s stock valued at $762,000 after buying an additional 144 shares during the last quarter. Aviva PLC raised its stake in Gartner by 53.3% during the first quarter. Aviva PLC now owns 42,028 shares of the information technology services provider’s stock valued at $12,502,000 after buying an additional 14,618 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Gartner by 9.5% in the first quarter. Canada Pension Plan Investment Board now owns 27,043 shares of the information technology services provider’s stock worth $8,044,000 after purchasing an additional 2,347 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Gartner by 25.2% in the first quarter. Allianz Asset Management GmbH now owns 98,889 shares of the information technology services provider’s stock worth $29,415,000 after purchasing an additional 19,892 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Gartner by 1.1% in the first quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock worth $2,736,085,000 after purchasing an additional 102,709 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Transactions at Gartner

In other news, EVP Alwyn Dawkins sold 887 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $356.78, for a total value of $316,463.86. Following the completion of the transaction, the executive vice president now owns 45,914 shares of the company’s stock, valued at $16,381,196.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Gartner news, EVP Michael Patrick Diliberto sold 7,938 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $335.09, for a total transaction of $2,659,944.42. Following the sale, the executive vice president now directly owns 18,501 shares in the company, valued at $6,199,500.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alwyn Dawkins sold 887 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $356.78, for a total value of $316,463.86. Following the sale, the executive vice president now owns 45,914 shares in the company, valued at $16,381,196.92. The disclosure for this sale can be found here. Insiders sold a total of 9,961 shares of company stock valued at $3,375,447 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $354.17 on Friday. The stock has a 50-day simple moving average of $347.94 and a two-hundred day simple moving average of $332.94. Gartner, Inc. has a 52-week low of $272.58 and a 52-week high of $377.88. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $27.92 billion, a PE ratio of 30.69, a P/E/G ratio of 4.87 and a beta of 1.24.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.34. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 310.25% and a net margin of 16.08%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.85 earnings per share. Analysts forecast that Gartner, Inc. will post 10.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IT. UBS Group began coverage on Gartner in a research note on Wednesday, May 31st. They issued a “neutral” rating and a $368.00 price target for the company. StockNews.com began coverage on Gartner in a research note on Saturday, August 19th. They issued a “hold” rating for the company. Morgan Stanley boosted their price target on Gartner from $366.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets cut their price objective on Gartner from $352.00 to $346.00 in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $361.00.

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.