Vinva Investment Management Ltd Buys 4,900 Shares of Gartner, Inc. (NYSE:IT)

Vinva Investment Management Ltd raised its position in shares of Gartner, Inc. (NYSE:IT) by 86.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,557 shares of the information technology services provider’s stock after acquiring an additional 4,900 shares during the period. Vinva Investment Management Ltd’s holdings in Gartner were worth $5,373,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its stake in shares of Gartner by 20.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 593 shares of the information technology services provider’s stock valued at $283,000 after acquiring an additional 102 shares in the last quarter. Tidal Investments LLC grew its position 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 worth $4,717,000 after purchasing an additional 1,940 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Gartner during the first quarter worth approximately $1,513,000. Swedbank AB bought a new position in shares of Gartner during the first quarter worth approximately $30,735,000. Finally, Atria Investments Inc boosted its stake in shares of Gartner by 2.9% in the first quarter. Atria Investments Inc now owns 17,883 shares of the information technology services provider’s stock valued at $8,488,000 after buying an additional 499 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Down 0.7 %

Shares of NYSE:IT opened at $519.23 on Thursday. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. The company has a market capitalization of $40.05 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average of $520.81 and a 200-day moving average of $482.87.

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

Analyst Upgrades and Downgrades

IT has been the topic of a number of recent research reports. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their price objective 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. Barclays raised their target price on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” 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 stock an “outperform” rating in a report on Wednesday, November 6th. Finally, UBS Group lifted their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $539.25.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 2,128 shares of Gartner stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $500.15, for a total value of $1,064,319.20. Following the completion of the sale, the director now directly owns 572,090 shares in the company, valued at approximately $286,130,813.50. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Akhil Jain sold 500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the transaction, the executive vice president now owns 4,339 shares in the company, valued at $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,149 shares of company stock worth $37,694,911. 3.60% of the stock is currently owned by company insiders.

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.