Sumitomo Mitsui Trust Group Inc. Has $88.86 Million Stock Position in Gartner, Inc. (NYSE:IT)

Sumitomo Mitsui Trust Group Inc. raised its holdings in Gartner, Inc. (NYSE:IT) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 175,353 shares of the information technology services provider’s stock after acquiring an additional 307 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Gartner worth $88,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted 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 purchasing an additional 20 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 22 shares during the last quarter. TIAA Trust National Association boosted its stake in shares of Gartner by 3.2% in the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 23 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Gartner by 2.2% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 23 shares during the last quarter. Finally, Wallace Advisory Group LLC boosted its stake in shares of Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock valued at $440,000 after purchasing an additional 23 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Up 0.2 %

Gartner stock opened at $551.80 on Thursday. 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 $42.52 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32. The firm’s fifty day moving average price is $516.48 and its two-hundred day moving average price is $476.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm earned $2.56 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on IT. Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note 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. Morgan Stanley increased their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and an average price target of $539.25.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Scott Hensel sold 5,580 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $490.00, for a total value of $2,734,200.00. Following the transaction, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at approximately $9,664,760. 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 is accessible through this hyperlink. In other Gartner news, 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 transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Hensel sold 5,580 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the transaction, the executive vice president now owns 19,724 shares of the company’s stock, valued at $9,664,760. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,172 shares of company stock valued at $38,023,255. Corporate insiders own 3.60% of the company’s stock.

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.