Gartner, Inc. (NYSE:IT) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its position in Gartner, Inc. (NYSE:IT - Free Report) by 15.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,665 shares of the information technology services provider's stock after selling 1,023 shares during the period. Banque Cantonale Vaudoise's holdings in Gartner were worth $2,870,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Gartner during the third quarter worth about $224,000. Baron Wealth Management LLC raised its holdings in shares of Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after buying an additional 19 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in Gartner by 10.7% in the third quarter. Meeder Advisory Services Inc. now owns 1,940 shares of the information technology services provider's stock valued at $983,000 after purchasing an additional 188 shares during the last quarter. AMG National Trust Bank purchased a new stake in Gartner in the third quarter worth $207,000. Finally, Gilbert & Cook Inc. grew its stake in shares of Gartner by 6.3% in the third quarter. Gilbert & Cook Inc. now owns 1,344 shares of the information technology services provider's stock worth $681,000 after acquiring an additional 80 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gartner news, EVP Yvonne Genovese sold 443 shares of Gartner 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 transaction, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. The trade was a 18.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. This represents 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 valued at $38,023,255 in the last three months. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IT shares. Morgan Stanley raised their price objective on Gartner from $490.00 to $528.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Robert W. Baird upped their price target on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Barclays upped their price target on Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Finally, StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Gartner presently has an average rating of "Hold" and an average price target of $539.25.

Gartner Stock Up 0.1 %

Shares of IT traded up $0.27 during mid-day trading on Wednesday, hitting $518.00. 456,783 shares of the company traded hands, compared to its average volume of 370,399. Gartner, Inc. has a 1-year low of $411.15 and a 1-year 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 company has a market capitalization of $39.95 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The business has a 50 day moving average of $519.61 and a 200 day moving average of $479.95.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share 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 firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $2.56 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current year.

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.