Avitas Wealth Management LLC Has $936,000 Stock Position in Gartner, Inc. (NYSE:IT)

Avitas Wealth Management LLC reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,847 shares of the information technology services provider’s stock after selling 144 shares during the period. Avitas Wealth Management LLC’s holdings in Gartner were worth $936,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IT. Eastern Bank acquired a new stake in shares of Gartner in the third quarter valued at approximately $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Gartner in the first quarter valued at approximately $36,000. 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 purchasing an additional 67 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of 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, J.Safra Asset Management Corp raised its holdings in shares of Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IT has been the subject of several analyst reports. Robert W. Baird raised their target price on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. UBS Group raised their target price on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their target price on shares of Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. Finally, BMO Capital Markets raised their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Gartner presently has an average rating of “Hold” and a consensus price target of $532.86.

Insider Transactions at Gartner

In other news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction on Thursday, September 12th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Craig Safian sold 6,310 shares of Gartner stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the sale, the chief financial officer now owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction 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 of the company’s stock, valued at $577,874,865.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,582 shares of company stock valued at $25,743,407. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Down 0.1 %

IT stock opened at $517.95 on Thursday. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day moving average price of $506.64 and a two-hundred day moving average price of $470.63. Gartner, Inc. has a one year low of $329.20 and a one year high of $535.29. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 3.25 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $2.85 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts anticipate that Gartner, Inc. will post 11.65 EPS for the current year.

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.