GenTrust LLC Takes $210,000 Position in Gartner, Inc. (NYSE:IT)

GenTrust LLC bought a new stake in shares of Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 414 shares of the information technology services provider’s stock, valued at approximately $210,000.

Other institutional investors have also recently made changes to their positions in the company. Transcend Capital Advisors LLC purchased a new position in shares of Gartner during the 2nd quarter valued at approximately $512,000. Tidal Investments LLC increased its holdings in shares of Gartner by 24.4% during the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after purchasing an additional 1,940 shares in the last quarter. Swedbank AB purchased a new position in shares of Gartner during the 1st quarter valued at approximately $30,735,000. Cetera Investment Advisers increased its holdings in shares of Gartner by 245.0% during the 1st quarter. Cetera Investment Advisers now owns 21,453 shares of the information technology services provider’s stock valued at $10,226,000 after purchasing an additional 15,235 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Gartner by 38.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock valued at $197,608,000 after purchasing an additional 114,610 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Yvonne Genovese sold 443 shares of the business’s 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 transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. The trade was a 18.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Claire Herkes sold 478 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now directly owns 1,905 shares in the company, valued at approximately $963,949.05. The trade was a 20.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,172 shares of company stock valued at $38,023,255. 3.60% of the stock is currently owned by insiders.

Gartner Trading Up 0.1 %

Shares of IT opened at $519.78 on Friday. Gartner, Inc. has a 52-week low of $411.15 and a 52-week 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 firm’s fifty day moving average is $520.07 and its two-hundred day moving average is $480.80. The stock has a market cap of $40.09 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.56 EPS. Research analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IT shares. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Bank of America boosted their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barclays boosted their price target on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, UBS Group boosted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $539.25.

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.