Marks Group Wealth Management Inc Has $3.20 Million Position in Gartner, Inc. (NYSE:IT)

Marks Group Wealth Management Inc increased its position in shares of Gartner, Inc. (NYSE:IT) by 60.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,321 shares of the information technology services provider’s stock after acquiring an additional 2,392 shares during the period. Marks Group Wealth Management Inc’s holdings in Gartner were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Gartner in the 3rd quarter valued at $26,000. Central Pacific Bank Trust Division acquired a new stake in Gartner in the first quarter valued at about $36,000. 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 during the last quarter. Fortitude Family Office LLC raised 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, J.Safra Asset Management Corp lifted its holdings in shares of Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Trading Up 1.7 %

NYSE IT opened at $513.48 on Wednesday. Gartner, Inc. has a 12 month low of $382.27 and a 12 month high of $535.29. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm has a market capitalization of $39.57 billion, a PE ratio of 48.90, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. The business’s 50-day moving average price is $509.34 and its two-hundred day moving average price is $472.61.

Wall Street Analyst Weigh In

IT has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a report on Monday, October 14th. UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price objective on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets upped their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Finally, Bank of America lifted their price target on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $532.86.

Insider Activity at Gartner

In other Gartner news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Craig Safian sold 6,310 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the sale, the chief financial officer now owns 71,544 shares in the company, valued at $34,596,532.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,899 shares of company stock worth $24,959,886 over the last ninety days. Insiders own 3.60% of the company’s stock.

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.