BSW Wealth Partners Buys Shares of 646 Gartner, Inc. (NYSE:IT)

BSW Wealth Partners purchased a new position in Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 646 shares of the information technology services provider’s stock, valued at approximately $327,000.

Other hedge funds have also recently made changes to their positions in the company. Eastern Bank purchased a new position in shares of Gartner in the 3rd quarter valued at approximately $26,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner in the 1st quarter valued at $36,000. Crewe Advisors LLC lifted its position in Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares during the period. Fortitude Family Office LLC lifted its position in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares during the period. Finally, J.Safra Asset Management Corp grew its stake in Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

Shares of NYSE IT opened at $503.69 on Monday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average of $508.33 and a 200 day moving average of $471.55. The firm has a market cap of $38.81 billion, a PE ratio of 47.97, a PEG ratio of 3.12 and a beta of 1.32. Gartner, Inc. has a one year low of $332.59 and a one year high of $535.29.

Insider Activity

In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the sale, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Gartner news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares in the company, valued at $963,949.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,899 shares of company stock worth $24,959,886 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company lifted their target price on Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a report on Monday, October 14th. UBS Group upped their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley raised 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. Robert W. Baird upped their price target on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. One research 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, Gartner has an average rating of “Hold” and a consensus target price of $532.86.

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.