Gartner, Inc. (NYSE:IT) Holdings Boosted by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in Gartner, Inc. (NYSE:ITFree Report) by 830.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 514,230 shares of the information technology services provider’s stock after acquiring an additional 458,963 shares during the quarter. First Trust Advisors LP’s holdings in Gartner were worth $231,974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BSW Wealth Partners grew its holdings in Gartner by 3.7% in the 4th quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock valued at $278,000 after buying an additional 22 shares during the last quarter. Allworth Financial LP lifted its position in shares of Gartner by 2.8% in the 4th quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock worth $364,000 after acquiring an additional 22 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in shares of Gartner by 0.5% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after purchasing an additional 22 shares during the period. AdvisorNet Financial Inc increased its holdings in Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 25 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in shares of Gartner by 36.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the transaction, the director now directly owns 608,369 shares in the company, valued at $276,929,568.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the sale, the director now directly owns 608,369 shares in the company, valued at $276,929,568.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. Insiders sold 13,299 shares of company stock valued at $6,079,085 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Up 1.8 %

NYSE IT opened at $435.94 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock’s 50-day simple moving average is $447.02 and its two-hundred day simple moving average is $451.61. The company has a market capitalization of $33.84 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 3.75 and a beta of 1.32. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $486.54.

Gartner (NYSE:ITGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.88 EPS. Research analysts forecast that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. UBS Group decreased their price target on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target for the company. Finally, Robert W. Baird cut 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and an average target price of $474.50.

View Our Latest Analysis on Gartner

About Gartner

(Free Report)

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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