National Bank of Canada FI Increases Position in Gartner, Inc. (NYSE:IT)

National Bank of Canada FI lifted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 45.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 57,083 shares of the information technology services provider's stock after purchasing an additional 17,837 shares during the period. National Bank of Canada FI owned about 0.07% of Gartner worth $28,927,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Eastern Bank purchased a new stake in Gartner during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Gartner during the third quarter worth about $44,000. Crewe Advisors LLC grew its stake in shares of Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock worth $44,000 after purchasing an additional 67 shares during the last quarter. True Wealth Design LLC increased its holdings in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares during the period. Finally, 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 valued at $53,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IT shares. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their price target on Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Barclays upped their price target 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. Robert W. Baird raised their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $539.25.

Gartner Price Performance

Shares of Gartner stock traded down $2.95 during trading hours on Monday, reaching $514.43. The company's stock had a trading volume of 518,181 shares, compared to its average volume of 374,797. The firm has a 50 day moving average price of $521.67 and a 200-day moving average price of $487.12. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $39.68 billion, a P/E ratio of 37.94, a P/E/G 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.

Gartner (NYSE:IT - Get Free Report) last released 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 firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.56 earnings per share. On average, analysts predict that Gartner, Inc. will post 11.89 EPS for the current year.

Insider Activity

In other Gartner news, Director James C. Smith sold 2,128 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $500.15, for a total transaction of $1,064,319.20. Following the sale, the director now owns 572,090 shares of the company's stock, valued at approximately $286,130,813.50. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eugene A. Hall sold 34,060 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The trade was a 2.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,060 shares of company stock worth $37,663,141. 3.60% of the stock is currently owned by company insiders.

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.