Gartner, Inc. (NYSE:IT) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in Gartner, Inc. (NYSE:IT) by 12.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,818 shares of the information technology services provider’s stock after purchasing an additional 1,073 shares during the period. Daiwa Securities Group Inc.’s holdings in Gartner were worth $4,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. Sustainable Growth Advisers LP acquired a new stake in shares of Gartner in the second quarter valued at $266,541,000. Principal Financial Group Inc. raised its position in Gartner by 22.0% in 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 acquiring an additional 341,911 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Gartner by 117.4% in the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock valued at $89,856,000 after acquiring an additional 108,061 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Gartner during the 3rd quarter valued at about $36,789,000. Finally, Swedbank AB acquired a new position in shares of Gartner in the 1st quarter worth approximately $30,735,000. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In related news, EVP Scott Hensel sold 5,580 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total value 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 approximately $9,664,760. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akhil Jain sold 500 shares of Gartner stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,339 shares in the company, valued at approximately $2,134,788. This represents a 10.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,729 shares of company stock worth $37,809,011 in the last 90 days. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on IT shares. Bank of America lifted their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird upped their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price target on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, 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 research note on Wednesday, July 31st. One equities 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. Based on data from MarketBeat, Gartner has a consensus rating of “Hold” and a consensus price target of $539.25.

Gartner Price Performance

IT opened at $523.13 on Wednesday. The stock has a fifty day moving average price of $520.24 and a 200 day moving average price of $482.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The stock has a market cap of $40.35 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 3.25 and a beta of 1.32.

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

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.