Gartner, Inc. (NYSE:IT) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,630 shares of the information technology services provider’s stock after purchasing an additional 360 shares during the period. Janus Henderson Group PLC’s holdings in Gartner were worth $5,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IT. Sustainable Growth Advisers LP acquired a new stake in shares of Gartner in the second quarter worth $266,541,000. Principal Financial Group Inc. grew its stake in Gartner by 22.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Gartner by 117.4% in the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock valued at $89,856,000 after purchasing an additional 108,061 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Gartner in the third quarter worth approximately $36,789,000. Finally, Mizuho Securities USA LLC grew its position in Gartner by 1,074.8% during the third quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider’s stock valued at $35,631,000 after purchasing an additional 64,327 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

NYSE:IT opened at $514.43 on Tuesday. The firm has a market capitalization of $39.68 billion, a PE ratio of 37.94, a PEG ratio of 3.23 and a beta of 1.31. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm’s fifty day simple moving average is $521.67 and its 200 day simple moving average is $487.12.

Gartner (NYSE:IT) last posted its quarterly earnings data 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. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $2.56 earnings per share. Gartner’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 2.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,932 shares of company stock valued at $36,598,821 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Barclays boosted their price target on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price 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. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus target price of $539.25.

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.