Gartner, Inc. (NYSE:IT) Shares Sold by EULAV Asset Management

EULAV Asset Management decreased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,100 shares of the information technology services provider's stock after selling 15,600 shares during the quarter. Gartner makes up approximately 2.2% of EULAV Asset Management's portfolio, making the stock its 10th biggest position. EULAV Asset Management owned 0.23% of Gartner worth $89,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank purchased a new position in Gartner in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in Gartner during the third quarter valued at approximately $44,000. Crewe Advisors LLC lifted its stake 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 worth $44,000 after acquiring an additional 67 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 20 shares during the period. Finally, Asset Dedication LLC boosted its position in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 47 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Price Performance

Shares of IT stock traded up $0.27 during midday trading on Wednesday, reaching $518.00. 456,783 shares of the company were exchanged, compared to its average volume of 370,399. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The company has a market cap of $39.95 billion, a P/E ratio of 38.20, a PEG ratio of 3.27 and a beta of 1.32. The company's 50 day moving average price is $519.61 and its two-hundred day moving average price is $479.95. 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 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. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 EPS. On average, sell-side analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insider Activity at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 2.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on 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 of the company's stock, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,172 shares of company stock valued at $38,023,255. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IT shares. Wells Fargo & Company upped their price target on 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 upped their price target on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. BMO Capital Markets upped their price objective on Gartner from $450.00 to $510.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 31st. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Finally, Bank of America increased their target price 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. One 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $539.25.

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.