GenTrust LLC Buys Shares of 414 Gartner, Inc. (NYSE:IT)

GenTrust LLC bought a new stake in Gartner, Inc. (NYSE:IT) during the third quarter, Holdings Channel.com reports. The institutional investor bought 414 shares of the information technology services provider’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of the stock. Transcend Capital Advisors LLC purchased a new stake in Gartner during the second quarter worth about $512,000. Tidal Investments LLC increased its stake in Gartner by 24.4% during the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after purchasing an additional 1,940 shares during the period. Swedbank AB purchased a new stake in Gartner during the first quarter worth about $30,735,000. Cetera Investment Advisers increased its stake in Gartner by 245.0% during the first quarter. Cetera Investment Advisers now owns 21,453 shares of the information technology services provider’s stock worth $10,226,000 after purchasing an additional 15,235 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Gartner by 38.2% during the first 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 purchasing an additional 114,610 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $519.78 on Friday. The firm has a market capitalization of $40.09 billion, a P/E ratio of 38.33, a P/E/G ratio of 3.24 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 quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm’s 50 day moving average is $520.07 and its two-hundred day moving average is $480.80.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 earnings per share. Research analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Scott Hensel sold 5,580 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total value of $2,734,200.00. Following the completion of the sale, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at approximately $9,664,760. This represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 443 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $947,411.58. The trade was a 18.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,172 shares of company stock worth $38,023,255 over the last three months. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on IT. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. UBS Group upped their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird upped their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $539.25.

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.