Apollon Wealth Management LLC Has $514,000 Stake in Gartner, Inc. (NYSE:IT)

Apollon Wealth Management LLC raised its position in shares of Gartner, Inc. (NYSE:IT) by 19.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,014 shares of the information technology services provider’s stock after acquiring an additional 165 shares during the period. Apollon Wealth Management LLC’s holdings in Gartner were worth $514,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC lifted its position in shares of Gartner by 5.5% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 707 shares of the information technology services provider’s stock worth $337,000 after purchasing an additional 37 shares in the last quarter. Banco Santander S.A. purchased a new stake in Gartner in the 1st quarter worth approximately $427,000. Vanguard Group Inc. boosted its stake in shares of Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock valued at $4,277,999,000 after buying an additional 60,786 shares during the period. TIAA Trust National Association increased its stake in shares of Gartner by 3.2% in the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after acquiring an additional 23 shares during the last quarter. Finally, Edgestream Partners L.P. raised its holdings in shares of Gartner by 386.9% during the first quarter. Edgestream Partners L.P. now owns 8,682 shares of the information technology services provider’s stock worth $4,138,000 after acquiring an additional 6,899 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $539.25.

Insider Transactions at Gartner

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

Gartner Stock Performance

Shares of IT opened at $522.86 on Friday. The company has a market capitalization of $40.29 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 3.45 and a beta of 1.32. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The company’s fifty day moving average price is $518.32 and its 200 day moving average price is $477.95.

Gartner (NYSE:IT) last posted 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 return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.

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.