Gartner, Inc. (NYSE:IT) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its stake in shares of Gartner, Inc. (NYSE:IT) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,250 shares of the information technology services provider’s stock after selling 277 shares during the period. Gulf International Bank UK Ltd’s holdings in Gartner were worth $3,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new position in Gartner during the third quarter worth about $26,000. Central Pacific Bank Trust Division acquired a new position in Gartner in the first quarter valued at approximately $36,000. Crewe Advisors LLC grew its position in Gartner by 223.3% in the second 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 increased its stake 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 worth $53,000 after acquiring an additional 20 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its position in Gartner by 58.7% in the first 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 period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Bank of America increased their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird increased their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Barclays boosted their target price on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $539.25.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at $947,411.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Claire Herkes sold 478 shares of the firm’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 sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the sale, the executive vice president now directly owns 1,959 shares in the company, valued at $947,411.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,899 shares of company stock valued at $24,959,886 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $536.90 on Thursday. The business has a 50-day moving average of $510.44 and a 200 day moving average of $473.06. Gartner, Inc. has a 12 month low of $392.49 and a 12 month high of $542.13. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $2.56 EPS. Gartner’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current year.

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.