TCW Group Inc. Has $104.79 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

TCW Group Inc. lowered its position in Gartner, Inc. (NYSE:IT) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,786 shares of the information technology services provider’s stock after selling 1,190 shares during the quarter. TCW Group Inc. owned approximately 0.27% of Gartner worth $104,791,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Eastern Bank bought a new stake in Gartner in the third quarter worth $26,000. Crewe Advisors LLC boosted its stake in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Gartner during the 3rd quarter worth about $44,000. True Wealth Design LLC increased its holdings in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Down 0.4 %

Shares of IT opened at $512.62 on Wednesday. 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 50-day simple moving average of $521.90 and a 200-day simple moving average of $487.63. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The firm has a market capitalization of $39.54 billion, a P/E ratio of 37.80, a P/E/G ratio of 3.23 and a beta of 1.31.

Gartner (NYSE:IT) last posted its quarterly 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. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at $963,949.05. This trade represents a 20.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,121 shares of company stock valued at $36,697,770 over the last ninety days. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IT shares. Robert W. Baird increased 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 upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley lifted 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. Wells Fargo & Company upped their price target on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Barclays lifted their price objective on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.