Gartner, Inc. (NYSE:IT) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co increased its position in Gartner, Inc. (NYSE:IT) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,761 shares of the information technology services provider’s stock after acquiring an additional 252 shares during the period. Fiduciary Trust Co’s holdings in Gartner were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Eastern Bank purchased a new stake in shares of Gartner in the 3rd quarter valued at $26,000. Crewe Advisors LLC lifted its position in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Gartner in the third quarter valued at $44,000. Fortitude Family Office LLC boosted its holdings 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 purchasing an additional 20 shares during the last quarter. Finally, Asset Dedication LLC grew its position in Gartner by 46.5% during 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 during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Akhil Jain sold 500 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $492.00, for a total transaction of $246,000.00. Following the transaction, the executive vice president now directly owns 4,339 shares in the company, valued at approximately $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. The trade was a 2.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,149 shares of company stock worth $37,694,911. Corporate insiders own 3.60% of the company’s stock.

Gartner Trading Down 0.3 %

Shares of NYSE:IT opened at $517.78 on Friday. The business’s 50 day moving average price is $520.93 and its 200-day moving average price is $483.12. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The firm has a market capitalization of $39.94 billion, a price-to-earnings ratio of 38.18, 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 current ratio of 1.02 and a quick ratio of 1.02.

Gartner (NYSE:IT) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $2.56 earnings per share. On average, equities research analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IT shares. Barclays boosted their price objective on 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 boosted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their target price on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley raised their price target on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $539.25.

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.