Empowered Funds LLC Buys 1,515 Shares of Gartner, Inc. (NYSE:IT)

Empowered Funds LLC increased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 37.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,537 shares of the information technology services provider's stock after buying an additional 1,515 shares during the period. Empowered Funds LLC's holdings in Gartner were worth $2,806,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after purchasing an additional 103,814 shares during the period. Sustainable Growth Advisers LP bought a new stake in Gartner in the 2nd quarter valued at about $266,541,000. Dimensional Fund Advisors LP boosted its holdings in Gartner by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider's stock valued at $262,706,000 after purchasing an additional 56,908 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Gartner by 38.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider's stock valued at $197,608,000 after purchasing an additional 114,610 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Gartner by 5.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 371,868 shares of the information technology services provider's stock valued at $166,991,000 after purchasing an additional 20,356 shares during the period. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. This represents a 18.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott Hensel sold 5,580 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the sale, the executive vice president now owns 19,724 shares of the company's stock, valued at approximately $9,664,760. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,172 shares of company stock worth $38,023,255. 3.60% of the stock is currently owned by company insiders.

Gartner Price Performance

IT stock traded down $3.48 during trading on Wednesday, reaching $514.25. 93,387 shares of the company were exchanged, compared to its average volume of 368,670. The company has a 50-day moving average of $519.24 and a two-hundred day moving average of $479.68. The company has a market capitalization of $39.66 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 3.27 and a beta of 1.32. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

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

Wall Street Analysts Forecast Growth

IT has been the subject of a number of recent research reports. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Barclays boosted their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Bank of America upped their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets upped their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a "market perform" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.