CX Institutional Acquires 24 Shares of Gartner, Inc. (NYSE:IT)

CX Institutional raised its holdings in Gartner, Inc. (NYSE:IT) by 2.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,197 shares of the information technology services provider’s stock after acquiring an additional 24 shares during the quarter. CX Institutional’s holdings in Gartner were worth $607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC acquired a new position in Gartner during the fourth quarter valued at approximately $569,000. Nomura Holdings Inc. bought a new stake in shares of Gartner during the 4th quarter worth approximately $706,000. NBC Securities Inc. boosted its holdings in shares of Gartner by 9.6% in the 1st quarter. NBC Securities Inc. now owns 2,391 shares of the information technology services provider’s stock valued at $1,139,000 after buying an additional 209 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Gartner by 44.6% in the first quarter. GAMMA Investing LLC now owns 405 shares of the information technology services provider’s stock valued at $193,000 after buying an additional 125 shares in the last quarter. Finally, Czech National Bank increased its holdings in Gartner by 0.5% during the first quarter. Czech National Bank now owns 13,715 shares of the information technology services provider’s stock worth $6,538,000 after buying an additional 62 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Gartner

In other news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock valued at $32,601,014 in the last quarter. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IT shares. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. BMO Capital Markets lifted their price target on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday. Bank of America lifted their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus target price of $532.86.

Gartner Stock Performance

NYSE:IT opened at $531.06 on Thursday. The stock has a 50 day simple moving average of $497.87 and a 200 day simple moving average of $466.86. The stock has a market cap of $41.23 billion, a P/E ratio of 52.84, a PEG ratio of 3.23 and a beta of 1.32. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $534.80. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $2.85 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts anticipate that Gartner, Inc. will post 11.65 earnings per share for the current year.

Gartner 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.