Gartner, Inc. (NYSE:IT) Stock Position Boosted by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its stake in Gartner, Inc. (NYSE:IT) by 43.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 722 shares of the information technology services provider’s stock after buying an additional 217 shares during the period. Brown Brothers Harriman & Co.’s holdings in Gartner were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after buying an additional 103,814 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in shares of Gartner during the 2nd quarter valued at about $266,541,000. Dimensional Fund Advisors LP boosted its position in shares of Gartner by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock valued at $262,706,000 after purchasing an additional 56,908 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Gartner by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 490,011 shares of the information technology services provider’s stock valued at $248,318,000 after purchasing an additional 3,691 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Gartner by 5.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 371,868 shares of the information technology services provider’s stock valued at $166,991,000 after purchasing an additional 20,356 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In other news, Director James C. Smith sold 2,128 shares of Gartner stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction dated Thursday, September 12th. The stock was 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 $577,874,865.40. The trade was a 2.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,149 shares of company stock valued at $37,694,911. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IT shares. Bank of America raised their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, UBS Group raised their target price 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 investment 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 presently has an average rating of “Hold” and an average price target of $539.25.

Gartner Price Performance

NYSE IT opened at $519.23 on Thursday. The company has a 50 day simple moving average of $520.55 and a 200-day simple moving average of $482.61. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $40.05 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 earnings per share. Equities research analysts predict that Gartner, Inc. will post 11.89 earnings per share 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.