Daiwa Securities Group Inc. Acquires 1,073 Shares of Gartner, Inc. (NYSE:IT)

Daiwa Securities Group Inc. increased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 12.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,818 shares of the information technology services provider's stock after acquiring an additional 1,073 shares during the period. Daiwa Securities Group Inc.'s holdings in Gartner were worth $4,975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcend Capital Advisors LLC bought a new position in Gartner in the second quarter worth about $512,000. Tidal Investments LLC boosted its holdings in shares of Gartner by 24.4% during the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider's stock valued at $4,717,000 after acquiring an additional 1,940 shares during the period. Swedbank AB acquired a new stake in shares of Gartner in the 1st quarter worth about $30,735,000. Cetera Investment Advisers increased its holdings in shares of Gartner by 245.0% in the 1st quarter. Cetera Investment Advisers now owns 21,453 shares of the information technology services provider's stock worth $10,226,000 after acquiring an additional 15,235 shares during the period. Finally, Choreo LLC acquired a new position in Gartner during the 2nd quarter valued at about $722,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IT shares. Wells Fargo & Company increased their target price on shares of Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. UBS Group lifted their price target on Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Bank of America raised their target price on Gartner from $525.00 to $580.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $539.25.

Gartner Trading Up 0.8 %

IT opened at $523.13 on Wednesday. The firm's fifty day simple moving average is $520.24 and its 200 day simple moving average is $482.02. The stock has a market capitalization of $40.35 billion, a P/E ratio of 38.58, a P/E/G ratio of 3.24 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00.

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 analysts' consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. Gartner's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $2.56 earnings per share. As a group, research analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Activity at Gartner

In other news, Director James C. Smith sold 2,450 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the sale, the director now owns 529,844 shares in the company, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott Hensel sold 5,580 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the transaction, the executive vice president now owns 19,724 shares in the company, valued at approximately $9,664,760. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,729 shares of company stock valued at $37,809,011. 3.60% of the stock is owned by insiders.

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.