Crown Oak Advisors LLC Has $9.97 Million Position in Gartner, Inc. (NYSE:IT)

Crown Oak Advisors LLC lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,672 shares of the information technology services provider’s stock after selling 1,500 shares during the period. Gartner accounts for approximately 5.5% of Crown Oak Advisors LLC’s holdings, making the stock its 6th biggest position. Crown Oak Advisors LLC’s holdings in Gartner were worth $9,969,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Gartner by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock valued at $4,277,999,000 after buying an additional 60,786 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after purchasing an additional 341,911 shares during the last quarter. Findlay Park Partners LLP boosted its stake in Gartner by 5.7% in the 1st quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock worth $323,240,000 after purchasing an additional 36,400 shares in the last quarter. Bessemer Group Inc. grew its position in Gartner by 1.3% during the 1st quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock valued at $290,742,000 after purchasing an additional 7,852 shares during the last quarter. Finally, Sustainable Growth Advisers LP purchased a new stake in shares of Gartner during the second quarter valued at approximately $266,541,000. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT traded up $3.17 on Thursday, reaching $534.23. The company’s stock had a trading volume of 795 shares, compared to its average volume of 372,530. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $534.80. The stock has a market capitalization of $41.47 billion, a P/E ratio of 52.93, a PEG ratio of 3.23 and a beta of 1.32. 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 stock’s 50 day simple moving average is $499.15 and its two-hundred day simple moving average is $467.31.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm posted $2.85 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Akhil Jain sold 400 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Gartner news, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock worth $32,601,014 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research report on Monday. BMO Capital Markets increased their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, UBS Group boosted their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $532.86.

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.