Janney Montgomery Scott LLC Buys 1,475 Shares of Gartner, Inc. (NYSE:IT)

Janney Montgomery Scott LLC raised its stake in shares of Gartner, Inc. (NYSE:IT) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,214 shares of the information technology services provider’s stock after buying an additional 1,475 shares during the period. Janney Montgomery Scott LLC’s holdings in Gartner were worth $5,059,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IT. Wealthfront Advisers LLC increased its stake in shares of Gartner by 5.8% in the third quarter. Wealthfront Advisers LLC now owns 2,408 shares of the information technology services provider’s stock worth $827,000 after purchasing an additional 132 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Gartner by 8.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,806 shares of the information technology services provider’s stock worth $621,000 after purchasing an additional 135 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Gartner by 16.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 47,672 shares of the information technology services provider’s stock worth $16,381,000 after purchasing an additional 6,838 shares during the period. Corient Private Wealth LLC increased its stake in shares of Gartner by 18.2% in the third quarter. Corient Private Wealth LLC now owns 42,222 shares of the information technology services provider’s stock worth $14,509,000 after purchasing an additional 6,488 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Gartner by 8.4% in the third quarter. Signaturefd LLC now owns 1,166 shares of the information technology services provider’s stock worth $401,000 after purchasing an additional 90 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Down 1.5 %

NYSE IT opened at $449.35 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock’s 50 day moving average is $456.65 and its two-hundred day moving average is $450.12. The company has a market capitalization of $34.88 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 3.61 and a beta of 1.32. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $486.54.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 earnings per share. Equities analysts forecast that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total value of $4,596,800.00. Following the transaction, the director now directly owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Yvonne Genovese sold 560 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total value of $256,127.20. Following the transaction, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at approximately $1,096,773.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total value of $4,596,800.00. Following the completion of the transaction, the director now directly owns 623,235 shares in the company, valued at $286,488,664.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,270 shares of company stock valued at $10,289,124. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IT shares. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group dropped their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. BMO Capital Markets lowered their price target on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target on the stock. Finally, Robert W. Baird lowered their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Moderate Buy” and an average price target of $474.50.

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.