Sheaff Brock Investment Advisors LLC Buys 24 Shares of Gartner, Inc. (NYSE:IT)

Sheaff Brock Investment Advisors LLC increased its position in Gartner, Inc. (NYSE:IT) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,434 shares of the information technology services provider’s stock after purchasing an additional 24 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Gartner were worth $2,247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Eastern Bank purchased a new position in shares of Gartner in the third quarter worth approximately $26,000. Crewe Advisors LLC raised its holdings in shares of Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Gartner during the third quarter worth about $44,000. Fortitude Family Office LLC boosted its position in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares during the last quarter. Finally, Asset Dedication LLC boosted its position in Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the transaction, the director now directly owns 529,844 shares in the company, valued at $293,893,869.92. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $214,243.66. Following the transaction, the executive vice president now owns 1,959 shares in the company, valued at $947,411.58. This represents a 18.44 % 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 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Down 1.1 %

Shares of Gartner stock opened at $530.99 on Friday. The business’s 50 day simple moving average is $517.54 and its 200-day simple moving average is $476.98. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $40.92 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 3.45 and a beta of 1.32. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00.

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

Analysts Set New Price Targets

IT has been the subject of a number of recent research reports. Bank of America raised their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays lifted their price target on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. BMO Capital Markets lifted their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $539.25.

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.