1,041 Shares in Gartner, Inc. (NYSE:IT) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,041 shares of the information technology services provider's stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds also recently modified their holdings 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. raised its holdings in 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 valued at $852,014,000 after acquiring an additional 341,911 shares during the period. Point72 Asset Management L.P. bought a new position in Gartner in the 3rd quarter valued at about $70,955,000. Natixis Advisors LLC raised its holdings in 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 acquiring an additional 108,061 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gartner in the 3rd quarter valued at about $36,789,000. 91.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays increased their price target 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. Wells Fargo & Company raised their target price on shares of Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on shares of Gartner from $560.00 to $564.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $543.75.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 478 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now directly owns 1,905 shares of the company's stock, valued at $963,949.05. The trade was a 20.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William James Wartinbee III sold 189 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares of the company's stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,061 shares of company stock worth $19,483,846. Corporate insiders own 3.60% of the company's stock.

Gartner Price Performance

Shares of NYSE IT traded down $4.41 during trading hours on Thursday, hitting $514.13. 295,155 shares of the stock were exchanged, compared to its average volume of 373,639. 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 cap of $39.66 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31. The company's fifty day simple moving average is $522.13 and its two-hundred day simple moving average is $487.85. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The business 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 for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.56 EPS. On average, sell-side analysts predict that Gartner, Inc. will post 11.89 EPS for the current year.

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.