Advisor Group Inc. Has $406,000 Holdings in Gartner, Inc. (IT)

Advisor Group Inc. raised its position in shares of Gartner, Inc. (NYSE:IT) by 60.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,258 shares of the information technology services provider’s stock after purchasing an additional 1,223 shares during the quarter. Advisor Group Inc.’s holdings in Gartner were worth $406,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IT. Dimensional Fund Advisors LP lifted its holdings in shares of Gartner by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 198,368 shares of the information technology services provider’s stock worth $21,423,000 after buying an additional 5,272 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Gartner by 72.0% in the second quarter. Bank of Montreal Can now owns 42,648 shares of the information technology services provider’s stock worth $5,268,000 after buying an additional 17,858 shares in the last quarter. Creative Planning lifted its holdings in shares of Gartner by 1.2% in the second quarter. Creative Planning now owns 1,950 shares of the information technology services provider’s stock worth $241,000 after buying an additional 23 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Gartner by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 13,047 shares of the information technology services provider’s stock worth $1,611,000 after buying an additional 47 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Gartner by 51.9% in the second quarter. Aperio Group LLC now owns 21,835 shares of the information technology services provider’s stock worth $2,697,000 after buying an additional 7,460 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gartner, Inc. (NYSE:IT) traded up $0.40 on Monday, reaching $116.39. 272,900 shares of the company traded hands, compared to its average volume of 686,017. Gartner, Inc. has a 12 month low of $90.37 and a 12 month high of $130.02. The company has a market capitalization of $10,550.00, a PE ratio of 37.55, a PEG ratio of 2.12 and a beta of 1.08. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73.

Gartner (NYSE:IT) last announced its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.13. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The company had revenue of $828.09 million for the quarter, compared to analysts’ expectations of $826.09 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. Gartner’s quarterly revenue was up 44.3% on a year-over-year basis. analysts anticipate that Gartner, Inc. will post 3.43 earnings per share for the current year.

In related news, SVP Robin B. Kranich sold 7,487 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $120.08, for a total value of $899,038.96. Following the sale, the senior vice president now owns 21,298 shares in the company, valued at $2,557,463.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

IT has been the topic of several research analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $139.00 target price on shares of Gartner in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Monday, October 16th. BMO Capital Markets reissued a “buy” rating and issued a $137.00 target price on shares of Gartner in a report on Friday, October 13th. BidaskClub downgraded shares of Gartner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Robert W. Baird reissued a “buy” rating and issued a $135.00 target price on shares of Gartner in a report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $132.60.

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Gartner Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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