Gartner, Inc. (NYSE:IT) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Gartner, Inc. (NYSE:IT) by 43.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,184 shares of the information technology services provider’s stock after acquiring an additional 41,323 shares during the quarter. BNP Paribas Financial Markets’ holdings in Gartner were worth $69,519,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IT. Eastern Bank acquired a new stake in Gartner in the third quarter valued at approximately $26,000. Crewe Advisors LLC grew its position in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Gartner in the third quarter valued at approximately $44,000. Fortitude Family Office LLC grew its position in 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 acquiring an additional 20 shares in the last quarter. Finally, Asset Dedication LLC grew its position in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT opened at $519.23 on Thursday. The business’s fifty day moving average price is $520.55 and its 200 day moving average price is $482.61. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The stock has a market capitalization of $40.05 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 3.24 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 (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $2.56 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that Gartner, Inc. will post 11.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IT shares. Robert W. Baird increased their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. UBS Group raised their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Barclays raised their price target 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. Finally, BMO Capital Markets raised their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $539.25.

Insider Buying and Selling

In other Gartner 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 sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This trade represents a 2.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Akhil Jain sold 500 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $492.00, for a total value of $246,000.00. Following the completion of the sale, the executive vice president now owns 4,339 shares in the company, valued at $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,149 shares of company stock worth $37,694,911 over the last ninety days. 3.60% of the stock is owned by insiders.

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.