Gartner, Inc. (NYSE:IT) Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its stake in shares of Gartner, Inc. (NYSE:IT) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 889 shares of the information technology services provider’s stock after buying an additional 91 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Gartner were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IT. RFG Advisory LLC raised its position in Gartner by 37.2% in the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock valued at $717,000 after purchasing an additional 431 shares during the period. TCW Group Inc. lifted its position in shares of Gartner by 4.0% during the fourth quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock worth $89,800,000 after purchasing an additional 7,639 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Gartner by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after buying an additional 2,560 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in Gartner during the 4th quarter worth approximately $2,093,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Gartner by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock worth $208,328,000 after acquiring an additional 10,828 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 2.5 %

NYSE:IT traded up $11.74 during trading hours on Thursday, hitting $479.00. 289,405 shares of the company’s stock traded hands, compared to its average volume of 407,571. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.91 and a current ratio of 0.90. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $509.15. The stock’s fifty day moving average price is $453.13 and its two-hundred day moving average price is $455.44. The firm has a market cap of $37.18 billion, a P/E ratio of 47.66, a P/E/G ratio of 3.80 and a beta of 1.33.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts expect that Gartner, Inc. will post 11.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their target price on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Robert W. Baird lifted their price target on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. UBS Group upped their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $521.00.

Insider Activity

In other Gartner news, EVP Alwyn Dawkins sold 600 shares of Gartner stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $447.63, for a total value of $268,578.00. Following the transaction, the executive vice president now owns 51,583 shares of the company’s stock, valued at $23,090,098.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Alwyn Dawkins sold 600 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $447.63, for a total value of $268,578.00. Following the completion of the transaction, the executive vice president now directly owns 51,583 shares of the company’s stock, valued at $23,090,098.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the sale, the director now owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,809 shares of company stock valued at $17,720,941. 3.60% of the stock is owned by insiders.

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.