Barclays PLC Increases Position in Gartner, Inc. (NYSE:IT)

Barclays PLC raised its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 166,787 shares of the information technology services provider's stock after buying an additional 13,205 shares during the quarter. Barclays PLC owned about 0.22% of Gartner worth $84,520,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Eastern Bank bought a new position in shares of Gartner in the third quarter worth approximately $26,000. Crewe Advisors LLC increased its position in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Gartner in the 3rd quarter worth approximately $44,000. True Wealth Design LLC boosted its holdings in shares of Gartner by 2,350.0% in 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. Finally, Fortitude Family Office LLC raised its position 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 worth $53,000 after acquiring an additional 20 shares during the period. Institutional investors own 91.51% of the company's stock.

Gartner Trading Down 0.8 %

NYSE:IT traded down $4.34 during midday trading on Thursday, hitting $514.20. The stock had a trading volume of 295,647 shares, compared to its average volume of 374,080. The stock has a 50-day moving average of $522.24 and a 200 day moving average of $488.03. The company has a market capitalization of $39.66 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 3.23 and a beta of 1.31. Gartner, Inc. has a one year low of $411.15 and a one 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.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. As a group, sell-side analysts forecast that Gartner, Inc. will post 11.89 EPS for the current year.

Insider Buying and Selling

In other news, Director James C. Smith sold 17,533 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the transaction, the director now directly owns 532,294 shares in the company, valued at $291,212,724.46. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was 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. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,061 shares of company stock worth $19,483,846 in the last three months. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" 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 company an "equal weight" rating in a report on Thursday. Barclays boosted their price objective on Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird boosted their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $543.75.

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.