Gartner, Inc. (NYSE:IT) Stock Holdings Increased by KBC Group NV

KBC Group NV raised its position in shares of Gartner, Inc. (NYSE:IT) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,186 shares of the information technology services provider’s stock after buying an additional 716 shares during the quarter. KBC Group NV’s holdings in Gartner were worth $6,175,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Transcend Capital Advisors LLC acquired a new stake in shares of Gartner during the 2nd quarter valued at approximately $512,000. Tidal Investments LLC increased its stake in Gartner by 24.4% during the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after purchasing an additional 1,940 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Gartner during the first quarter worth $1,049,000. Vident Advisory LLC lifted its position in shares of Gartner by 543.2% in the 1st quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock worth $4,375,000 after buying an additional 7,751 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Gartner in the 1st quarter valued at about $30,735,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

IT has been the topic of several research reports. Wells Fargo & Company increased their price objective on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Bank of America increased their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays boosted their price target on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $539.25.

Insider Activity at Gartner

In other news, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the transaction, the director now owns 529,844 shares of the company’s stock, valued at $293,893,869.92. The trade was a 0.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Scott Hensel sold 5,580 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the sale, the executive vice president now owns 19,724 shares in the company, valued at $9,664,760. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,172 shares of company stock worth $38,023,255 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Down 2.7 %

NYSE:IT opened at $522.86 on Monday. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 3.27 and a beta of 1.32. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The business has a fifty day moving average of $518.32 and a 200-day moving average of $478.34.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. Gartner’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current year.

About Gartner

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.