Gartner, Inc. (NYSE:IT) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in shares of Gartner, Inc. (NYSE:IT) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,799 shares of the information technology services provider’s stock after purchasing an additional 27,325 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.17% of Gartner worth $61,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new stake in shares of Gartner during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC purchased a new stake in Gartner during the 4th quarter worth approximately $27,000. AdvisorNet Financial Inc raised its position in shares of Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. DSM Capital Partners LLC purchased a new position in shares of Gartner during the 4th quarter valued at approximately $32,000. Finally, Harbor Investment Advisory LLC grew its position in shares of Gartner by 7,500.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock worth $34,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the business’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 completion of the transaction, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $455.20, for a total value of $4,552,000.00. Following the completion of the transaction, the director now owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alwyn Dawkins sold 1,000 shares of Gartner 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 sale, the executive vice president now owns 56,650 shares in the company, valued at $28,636,008.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,126 shares of company stock worth $16,937,420. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. UBS Group increased their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Moderate Buy” and an average price target of $521.00.

Gartner Stock Performance

Shares of NYSE:IT traded down $13.98 during trading on Friday, hitting $479.29. 366,114 shares of the company traded hands, compared to its average volume of 398,155. The company has a quick ratio of 0.91, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The business’s fifty day moving average is $449.91 and its 200-day moving average is $455.15. The stock has a market capitalization of $37.21 billion, a price-to-earnings ratio of 47.69, a PEG ratio of 3.80 and a beta of 1.33. Gartner, Inc. has a one year low of $323.61 and a one year high of $509.15.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.85 EPS. As a group, equities analysts predict that Gartner, Inc. will post 11.58 earnings per share for the current fiscal year.

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.