W.G. Shaheen & Associates DBA Whitney & Co Purchases New Holdings in Gartner, Inc. (NYSE:IT)

W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 442 shares of the information technology services provider’s stock, valued at approximately $224,000.

Other hedge funds have also made changes to their positions in the company. Baron Wealth Management LLC lifted its position in shares of Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after buying an additional 19 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares in the last quarter. Moors & Cabot Inc. raised its position in Gartner by 3.0% during the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after acquiring an additional 22 shares during the last quarter. TIAA Trust National Association grew its holdings in Gartner by 3.2% during the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 23 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Gartner by 2.2% in the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock worth $514,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value 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 trade represents a 18.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Akhil Jain sold 500 shares of Gartner stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $492.00, for a total value of $246,000.00. Following the transaction, the executive vice president now directly owns 4,339 shares in the company, valued at approximately $2,134,788. This trade represents a 10.33 % 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 company insiders.

Gartner Price Performance

IT stock opened at $520.73 on Tuesday. The company has a market capitalization of $40.16 billion, a PE ratio of 38.40, a P/E/G ratio of 3.27 and a beta of 1.32. 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 stock’s 50 day moving average is $518.32 and its two-hundred day moving average is $478.34. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $2.56 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Wells Fargo & Company upped their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Bank of America raised their price objective on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird upped their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. One 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 data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus price target of $539.25.

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.