B. Metzler seel. Sohn & Co. Holding AG Makes New $36.79 Million Investment in Gartner, Inc. (NYSE:IT)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gartner, Inc. (NYSE:IT) in the third quarter, HoldingsChannel.com reports. The fund bought 72,596 shares of the information technology services provider’s stock, valued at approximately $36,789,000.

A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares during the last quarter. Sustainable Growth Advisers LP acquired a new stake in shares of Gartner during the 2nd quarter worth approximately $266,541,000. Dimensional Fund Advisors LP grew its position in shares of Gartner by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock worth $262,706,000 after buying an additional 56,908 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Gartner by 38.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after buying an additional 114,610 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Gartner by 5.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 371,868 shares of the information technology services provider’s stock worth $166,991,000 after buying an additional 20,356 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IT shares. UBS Group lifted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price target on shares of 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 lifted their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley boosted their price objective on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $539.25.

Gartner Stock Down 0.4 %

Shares of NYSE IT opened at $520.73 on Tuesday. The stock has a market cap of $40.16 billion, a P/E ratio of 38.40, a P/E/G ratio of 3.27 and a beta of 1.32. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. 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 firm has a 50 day moving average price of $518.32 and a 200 day moving average price of $478.34.

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

Insider Transactions at Gartner

In other news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $947,411.58. This trade represents a 18.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 73,172 shares of company stock valued at $38,023,255 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

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.