True Wealth Design LLC Has $50,000 Holdings in Gartner, Inc. (NYSE:IT)

True Wealth Design LLC increased its position in shares of Gartner, Inc. (NYSE:IT) by 2,350.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98 shares of the information technology services provider’s stock after buying an additional 94 shares during the period. True Wealth Design LLC’s holdings in Gartner were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IT. Eastern Bank bought a new position in shares of Gartner during the 3rd quarter worth approximately $26,000. Crewe Advisors LLC lifted its position in shares of Gartner by 223.3% during the 2nd 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 during the period. Ashton Thomas Securities LLC bought a new position in Gartner during the third quarter worth $44,000. Fortitude Family Office LLC boosted its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares in the last quarter. Finally, Asset Dedication LLC grew its holdings in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 0.3 %

Shares of NYSE:IT opened at $517.93 on Monday. The business’s 50 day moving average is $521.01 and its 200 day moving average is $484.28. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The stock has a market cap of $39.95 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 3.24 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.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.56 EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director James C. Smith sold 5,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the completion of the transaction, the director now owns 509,457 shares in the company, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares in the company, valued at approximately $963,949.05. This represents a 20.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,149 shares of company stock valued at $37,694,911. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays upped their price objective 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. Morgan Stanley increased their price target on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.