Geneva Capital Management LLC Sells 2,212 Shares of Gartner, Inc. (NYSE:IT)

Geneva Capital Management LLC lessened its stake in Gartner, Inc. (NYSE:IT - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,968 shares of the information technology services provider's stock after selling 2,212 shares during the quarter. Geneva Capital Management LLC owned 0.11% of Gartner worth $41,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Gartner by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider's stock valued at $4,277,999,000 after purchasing an additional 60,786 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Gartner by 5.5% in the third 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 acquiring an additional 103,814 shares during the period. Bessemer Group Inc. boosted its position in Gartner by 1.3% in the first quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider's stock worth $290,742,000 after purchasing an additional 7,852 shares during the last quarter. Sustainable Growth Advisers LP bought a new stake in shares of Gartner during the 2nd quarter valued at about $266,541,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Gartner by 10.8% during 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 last quarter. Institutional investors own 91.51% of the company's stock.

Insider Activity

In other news, Director James C. Smith sold 10,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total value of $5,357,600.00. Following the completion of the sale, the director now owns 554,274 shares in the company, valued at approximately $296,957,838.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total value of $5,357,600.00. Following the sale, the director now directly owns 554,274 shares in the company, valued at approximately $296,957,838.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Akhil Jain sold 400 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares of the company's stock, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,899 shares of company stock valued at $30,317,486. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised their target price on Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Bank of America boosted their price target on Gartner from $525.00 to $580.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised shares of 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 issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $539.25.

Gartner Price Performance

Shares of IT traded up $2.87 during midday trading on Wednesday, hitting $553.53. 150,570 shares of the company traded hands, compared to its average volume of 367,854. The stock has a market cap of $42.66 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 3.44 and a beta of 1.32. The firm has a 50 day moving average of $515.17 and a 200-day moving average of $476.03. 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, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the company posted $2.56 EPS. The business's revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

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.