W.G. Shaheen & Associates DBA Whitney & Co Invests $224,000 in Gartner, Inc. (NYSE:IT)

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

Several other large investors also recently modified their holdings of IT. Transcend Capital Advisors LLC acquired a new stake in Gartner in the second quarter worth $512,000. Tidal Investments LLC grew its position in shares of Gartner by 24.4% in the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after acquiring an additional 1,940 shares during the period. Magnetar Financial LLC bought a new stake in shares of Gartner in the 1st quarter valued at about $1,049,000. Vident Advisory LLC raised its stake in Gartner by 543.2% in the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after buying an additional 7,751 shares during the period. Finally, Swedbank AB bought a new position in Gartner during the first quarter worth $30,735,000. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Gartner

In other news, EVP Yvonne Genovese sold 443 shares of the business’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 sale, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. The trade was a 18.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Hensel sold 5,580 shares of Gartner stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the transaction, the executive vice president now owns 19,724 shares in the company, valued at approximately $9,664,760. The trade was a 22.05 % decrease in their position. 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 owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on IT. Bank of America boosted 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. BMO Capital Markets boosted their price objective 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. Robert W. Baird lifted their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $539.25.

Gartner Trading Down 0.4 %

Shares of Gartner stock opened at $520.73 on Tuesday. The company’s 50-day moving average price is $518.32 and its 200-day moving average price is $478.34. The company has a market cap of $40.16 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 3.27 and a beta of 1.32. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The company has a current ratio of 1.02, a quick 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, beating 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 company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $2.56 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current fiscal 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.