Gartner, Inc. (NYSE:IT) Shares Bought by Smith Salley Wealth Management

Smith Salley Wealth Management raised its stake in shares of Gartner, Inc. (NYSE:IT) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,252 shares of the information technology services provider’s stock after buying an additional 370 shares during the period. Smith Salley Wealth Management’s holdings in Gartner were worth $2,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Czech National Bank grew its position in Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after buying an additional 1,028 shares during the period. Assetmark Inc. grew its position in shares of Gartner by 70.0% during the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock valued at $2,607,000 after acquiring an additional 2,118 shares during the period. ING Groep NV increased its stake in shares of Gartner by 38.4% in the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock valued at $5,223,000 after purchasing an additional 2,860 shares in the last quarter. Barclays PLC raised its holdings in Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock worth $84,520,000 after purchasing an additional 13,205 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in Gartner by 1,074.8% during the third quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider’s stock worth $35,631,000 after purchasing an additional 64,327 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

NYSE:IT opened at $516.34 on Friday. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The stock has a market cap of $39.83 billion, a PE ratio of 38.08, a P/E/G ratio of 2.72 and a beta of 1.33. 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 stock has a 50 day moving average price of $507.49 and a 200 day moving average price of $498.39.

Gartner (NYSE:IT) last issued its 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 the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $2.56 EPS. Equities research analysts expect that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on IT shares. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. One equities research 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. Based on data from MarketBeat, Gartner has a consensus rating of “Hold” and a consensus price target of $550.75.

Insider Buying and Selling at Gartner

In related news, Director James C. Smith sold 2,450 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total value of $1,358,966.00. Following the transaction, the director now directly owns 529,844 shares in the company, valued at approximately $293,893,869.92. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 in the last ninety days. 3.60% of the stock is owned by insiders.

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.