BNP PARIBAS ASSET MANAGEMENT Holding S.A. Trims Stake in Gartner, Inc. (NYSE:IT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 352,343 shares of the information technology services provider's stock after selling 19,525 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.46% of Gartner worth $178,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IT. Lake Street Advisors Group LLC purchased a new stake in Gartner during the first quarter valued at approximately $304,000. Vident Advisory LLC increased its stake in shares of Gartner by 543.2% in the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider's stock worth $4,375,000 after purchasing an additional 7,751 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Gartner in the first quarter worth $222,000. Toronto Dominion Bank increased its stake in shares of Gartner by 79.7% in the first quarter. Toronto Dominion Bank now owns 86,899 shares of the information technology services provider's stock worth $41,422,000 after purchasing an additional 38,529 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Gartner in the first quarter worth $1,049,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction on 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 directly owns 1,959 shares of the company's stock, valued at $947,411.58. The trade was a 18.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Akhil Jain sold 500 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,339 shares of the company's stock, valued at approximately $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,172 shares of company stock valued at $38,023,255 in the last ninety days. Corporate insiders own 3.60% of the company's stock.

Gartner Price Performance

Shares of Gartner stock opened at $518.00 on Thursday. The stock has a 50 day moving average price of $519.61 and a 200-day moving average price of $479.95. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The stock has a market cap of $39.95 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 31st. Morgan Stanley increased their price objective on shares of Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Barclays increased their price objective on shares of Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price objective on shares of Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $539.25.

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.

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