Gartner, Inc. (NYSE:IT) is Crown Oak Advisors LLC’s 6th Largest Position

Crown Oak Advisors LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,672 shares of the information technology services provider’s stock after selling 1,500 shares during the quarter. Gartner comprises about 5.5% of Crown Oak Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Crown Oak Advisors LLC’s holdings in Gartner were worth $9,969,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC bought a new stake in shares of Gartner in the 4th quarter worth about $569,000. Nomura Holdings Inc. bought a new stake in Gartner during the fourth quarter worth approximately $706,000. NBC Securities Inc. raised its position in Gartner by 9.6% during the first quarter. NBC Securities Inc. now owns 2,391 shares of the information technology services provider’s stock valued at $1,139,000 after purchasing an additional 209 shares during the period. GAMMA Investing LLC lifted its stake in shares of Gartner by 44.6% in the 1st quarter. GAMMA Investing LLC now owns 405 shares of the information technology services provider’s stock valued at $193,000 after purchasing an additional 125 shares during the last quarter. Finally, Czech National Bank boosted its holdings in shares of Gartner by 0.5% in the 1st quarter. Czech National Bank now owns 13,715 shares of the information technology services provider’s stock worth $6,538,000 after purchasing an additional 62 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Claire Herkes sold 478 shares of the stock in a transaction on 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 owns 1,905 shares in the company, valued at approximately $963,949.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Claire Herkes sold 478 shares of the company’s 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 transaction, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares in the company, valued at approximately $28,636,008.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is currently owned by insiders.

Gartner Trading Up 0.6 %

NYSE:IT traded up $3.17 during midday trading on Thursday, hitting $534.23. The stock had a trading volume of 795 shares, compared to its average volume of 372,530. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The stock has a 50-day moving average of $499.15 and a 200 day moving average of $467.31. The company has a market capitalization of $41.47 billion, a price-to-earnings ratio of 52.93, a PEG ratio of 3.23 and a beta of 1.32. Gartner, Inc. has a one year low of $323.61 and a one year high of $534.80.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $2.85 earnings per share. As a group, sell-side analysts forecast that Gartner, Inc. will post 11.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IT. Bank of America raised their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company increased their price objective on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research report on Monday. Morgan Stanley upped their target price on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Robert W. Baird increased their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $532.86.

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.