Gartner, Inc. (NYSE:IT) Shares Acquired by Haverford Trust Co

Haverford Trust Co boosted its position in Gartner, Inc. (NYSE:IT) by 27.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 942 shares of the information technology services provider’s stock after purchasing an additional 203 shares during the period. Haverford Trust Co’s holdings in Gartner were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC lifted its holdings in shares of Gartner by 10.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 868 shares of the information technology services provider’s stock valued at $440,000 after buying an additional 82 shares during the period. Aigen Investment Management LP acquired a new stake in Gartner in the third quarter valued at $206,000. Prime Capital Investment Advisors LLC boosted its position in shares of Gartner by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 507 shares of the information technology services provider’s stock worth $257,000 after purchasing an additional 25 shares in the last quarter. Platform Technology Partners acquired a new position in shares of Gartner during the 3rd quarter worth $210,000. Finally, Apollon Wealth Management LLC lifted its stake in shares of Gartner by 19.4% in the third quarter. Apollon Wealth Management LLC now owns 1,014 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IT. Barclays upped their target price 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. Robert W. Baird upped their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets raised their price target on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus price target of $539.25.

Gartner Trading Down 2.7 %

Shares of IT opened at $537.10 on Friday. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The stock has a fifty day moving average of $517.54 and a two-hundred day moving average of $476.98. 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 company has a market capitalization of $41.39 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $2.56 earnings per share. Gartner’s revenue was up 5.4% on a year-over-year basis. As a group, analysts forecast that Gartner, Inc. will post 11.89 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the business’s stock in a transaction that occurred on 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 directly owns 1,959 shares in the company, valued at $947,411.58. The trade was a 18.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Akhil Jain sold 500 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,339 shares in the company, valued at approximately $2,134,788. This represents a 10.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,172 shares of company stock worth $38,023,255. 3.60% of the stock is owned by insiders.

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.