Aigen Investment Management LP Buys Shares of 407 Gartner, Inc. (NYSE:IT)

Aigen Investment Management LP purchased a new stake in shares of Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 407 shares of the information technology services provider’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Gartner by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after purchasing an additional 60,786 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Gartner by 1.3% during the first quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock worth $290,742,000 after acquiring an additional 7,852 shares during the last quarter. Sustainable Growth Advisers LP acquired a new position in shares of Gartner during the second quarter valued at about $266,541,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Gartner by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock valued at $262,706,000 after purchasing an additional 56,908 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $947,411.58. This trade represents a 18.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 2,450 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the transaction, the director now owns 529,844 shares of the company’s stock, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,172 shares of company stock worth $38,023,255. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Down 2.7 %

Gartner stock opened at $522.86 on Friday. The business’s 50-day moving average price is $518.32 and its 200 day moving average price is $477.95. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 3.45 and a beta of 1.32. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping 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 business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $2.56 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Bank of America boosted their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised their target price on 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 boosted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets raised their price objective on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. One research 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 presently has a consensus rating of “Hold” and an average target price of $539.25.

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.