Vinva Investment Management Ltd Purchases 4,900 Shares of Gartner, Inc. (NYSE:IT)

Vinva Investment Management Ltd grew its position in shares of Gartner, Inc. (NYSE:IT) by 86.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,557 shares of the information technology services provider’s stock after acquiring an additional 4,900 shares during the quarter. Vinva Investment Management Ltd’s holdings in Gartner were worth $5,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. Sustainable Growth Advisers LP bought a new position in Gartner in the 2nd quarter valued at about $266,541,000. Principal Financial Group Inc. grew its stake 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 acquiring an additional 341,911 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Gartner by 117.4% in the second 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 last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Gartner in the third quarter valued at about $36,789,000. Finally, Swedbank AB bought a new position in shares of Gartner during the first quarter valued at about $30,735,000. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 0.7 %

IT opened at $519.23 on Thursday. The company has a market cap of $40.05 billion, a P/E ratio of 38.29, a P/E/G ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The business’s 50-day moving average price is $520.81 and its 200-day moving average price is $482.87. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last announced 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 firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $2.56 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Gartner, Inc. will post 11.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on IT shares. UBS Group increased their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays upped their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. 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 report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average target price of $539.25.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now directly owns 509,457 shares in the company, valued at $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Akhil Jain sold 500 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the transaction, the executive vice president now owns 4,339 shares in the company, valued at $2,134,788. This trade represents a 10.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,149 shares of company stock valued at $37,694,911 in the last quarter. Insiders own 3.60% of the company’s stock.

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.