B. Metzler seel. Sohn & Co. Holding AG Takes $36.79 Million Position in Gartner, Inc. (NYSE:IT)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 72,596 shares of the information technology services provider’s stock, valued at approximately $36,789,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.09% of Gartner at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sustainable Growth Advisers LP bought a new stake in Gartner during the second quarter worth approximately $266,541,000. Principal Financial Group Inc. boosted its holdings in Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after buying an additional 341,911 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Gartner by 38.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after buying an additional 114,610 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Gartner by 117.4% during the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after buying an additional 108,061 shares in the last quarter. Finally, Swedbank AB bought a new stake in Gartner during the first quarter worth approximately $30,735,000. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $947,411.58. This trade represents a 18.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott Hensel sold 5,580 shares of Gartner stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the transaction, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at $9,664,760. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,172 shares of company stock worth $38,023,255 in the last ninety days. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Barclays upped their price target on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $539.25.

Gartner Stock Down 0.4 %

IT stock opened at $520.73 on Tuesday. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market cap of $40.16 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 3.27 and a beta of 1.32. The company has a 50 day moving average of $518.32 and a two-hundred day moving average of $478.34.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 EPS. On average, equities analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current fiscal 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.