432 Shares in Gartner, Inc. (NYSE:IT) Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC bought a new stake in shares of Gartner, Inc. (NYSE:IT) in the third quarter, Holdings Channel reports. The firm bought 432 shares of the information technology services provider’s stock, valued at approximately $218,000.

A number of other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its position in Gartner by 6.2% during the second quarter. Sequoia Financial Advisors LLC now owns 1,314 shares of the information technology services provider’s stock valued at $590,000 after purchasing an additional 77 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Gartner by 2,040.7% during the 2nd quarter. ORG Partners LLC now owns 578 shares of the information technology services provider’s stock valued at $255,000 after buying an additional 551 shares during the last quarter. Mcdonald Partners LLC lifted its stake in Gartner by 0.5% in the second quarter. Mcdonald Partners LLC now owns 5,550 shares of the information technology services provider’s stock valued at $2,492,000 after acquiring an additional 25 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Gartner in the second quarter valued at approximately $213,000. Finally, Blue Trust Inc. lifted its stake in Gartner by 273.7% in the second quarter. Blue Trust Inc. now owns 426 shares of the information technology services provider’s stock valued at $203,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 0.4 %

Shares of IT stock opened at $512.62 on Wednesday. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The firm has a market cap of $39.54 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31. The stock has a 50 day moving average of $521.90 and a 200-day moving average of $487.63. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last released 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 analysts’ expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 EPS. On average, equities analysts predict that Gartner, Inc. will post 11.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IT shares. Barclays lifted their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their price target on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Morgan Stanley boosted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $539.25.

Insider Activity

In other news, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This represents a 2.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,121 shares of company stock valued at $36,697,770. Insiders own 3.60% of the company’s stock.

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.