Weaver Capital Management LLC Has $873,000 Stock Holdings in Gartner, Inc. (NYSE:IT)

Weaver Capital Management LLC boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,802 shares of the information technology services provider’s stock after buying an additional 363 shares during the period. Weaver Capital Management LLC’s holdings in Gartner were worth $873,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eastern Bank purchased a new stake in shares of Gartner in the third quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new stake in Gartner during the third quarter worth about $44,000. True Wealth Design LLC increased its holdings in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after buying an additional 94 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares during the last quarter. Finally, Asset Dedication LLC increased its holdings in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

Shares of NYSE:IT opened at $546.38 on Wednesday. The company has a 50 day moving average of $508.97 and a 200 day moving average of $505.61. The stock has a market cap of $42.14 billion, a P/E ratio of 40.29, a P/E/G ratio of 3.37 and a beta of 1.34. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. 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 issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. Gartner’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.04 earnings per share. As a group, sell-side analysts forecast that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the transaction, the director now owns 529,844 shares of the company’s stock, valued at $293,893,869.92. The trade was a 0.46 % decrease in their position. 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 business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the transaction, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,583 shares of company stock valued at $13,884,374. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

IT has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $550.75.

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.