15,000 Shares in Gartner, Inc. (NYSE:IT) Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the information technology services provider’s stock, valued at approximately $7,634,000.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC boosted its stake in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after purchasing an additional 94 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Gartner by 158.6% during the third quarter. Edgestream Partners L.P. now owns 8,976 shares of the information technology services provider’s stock worth $4,549,000 after buying an additional 5,505 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Gartner in the third quarter valued at approximately $21,634,000. Verition Fund Management LLC boosted its stake in Gartner by 2.6% in the third quarter. Verition Fund Management LLC now owns 2,370 shares of the information technology services provider’s stock valued at $1,201,000 after acquiring an additional 60 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Gartner by 3.5% during the 3rd quarter. Captrust Financial Advisors now owns 7,093 shares of the information technology services provider’s stock worth $3,594,000 after acquiring an additional 237 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the sale, the director now owns 529,844 shares of the company’s stock, valued at $293,893,869.92. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction 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. The trade was a 20.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,149 shares of company stock worth $37,694,911. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IT. Deutsche Bank Aktiengesellschaft increased their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barclays boosted their target price on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price target on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One 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 stock currently has an average rating of “Hold” and an average price target of $539.25.

Gartner Price Performance

NYSE IT opened at $517.93 on Monday. 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 market cap of $39.95 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 3.24 and a beta of 1.32. The business has a 50 day simple moving average of $521.01 and a 200 day simple moving average of $484.28. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 earnings per share. Analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

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.