Banco Santander S.A. Invests $646,000 in Gartner, Inc. (NYSE:IT)

Banco Santander S.A. bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,275 shares of the information technology services provider's stock, valued at approximately $646,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baron Wealth Management LLC increased its position in shares of Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 19 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after buying an additional 20 shares during the last quarter. Moors & Cabot Inc. raised its stake in Gartner by 3.0% in the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider's stock valued at $343,000 after buying an additional 22 shares in the last quarter. Mather Group LLC. lifted its holdings in Gartner by 2.2% during the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider's stock worth $514,000 after buying an additional 23 shares during the last quarter. Finally, Wallace Advisory Group LLC lifted its holdings in Gartner by 2.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider's stock worth $440,000 after buying an additional 23 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In other news, EVP Yvonne Genovese sold 443 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $947,411.58. The trade was a 18.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eugene A. Hall sold 34,060 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 2.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,172 shares of company stock worth $38,023,255 in the last three months. Company insiders own 3.60% of the company's stock.

Gartner Price Performance

NYSE:IT traded up $0.54 during trading hours on Friday, reaching $519.78. 415,917 shares of the company traded hands, compared to its average volume of 394,133. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The firm's 50-day moving average is $519.89 and its 200-day moving average is $480.23. The stock has a market cap of $40.09 billion, a P/E ratio of 38.31, a P/E/G ratio of 3.24 and a beta of 1.32.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data 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. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

IT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. BMO Capital Markets raised their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a "market perform" rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their target price on shares of Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Bank of America lifted their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $539.25.

Gartner 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.