CreativeOne Wealth LLC Invests $229,000 in Gartner, Inc. (NYSE:IT)

CreativeOne Wealth LLC acquired a new position in Gartner, Inc. (NYSE:IT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 451 shares of the information technology services provider’s stock, valued at approximately $229,000.

Other institutional investors also recently modified their holdings of the company. Eastern Bank bought a new stake in shares of Gartner in the third quarter worth $26,000. Crewe Advisors LLC boosted its position in Gartner by 223.3% during 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. Ashton Thomas Securities LLC bought a new stake in Gartner during the third quarter valued at $44,000. Fortitude Family Office LLC boosted its position 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 valued at $53,000 after acquiring an additional 20 shares during the last quarter. Finally, Asset Dedication LLC boosted its position in Gartner by 46.5% during 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 during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. 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. Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $539.25.

Insider Activity

In related news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This trade represents a 2.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the transaction, the director now directly owns 529,844 shares of the company’s stock, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,560 shares of company stock valued at $37,909,141 in the last three months. Company insiders own 3.60% of the company’s stock.

Gartner Trading Down 0.3 %

NYSE:IT opened at $515.56 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $39.77 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The firm has a 50-day moving average price of $521.12 and a two-hundred day moving average price of $485.23.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating 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 firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $2.56 EPS. The company’s revenue for the quarter 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.

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.