HighTower Advisors LLC Has $14.17 Million Stock Position in Gartner, Inc. (NYSE:IT)

HighTower Advisors LLC raised its stake in Gartner, Inc. (NYSE:IT - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,508 shares of the information technology services provider's stock after acquiring an additional 1,212 shares during the period. HighTower Advisors LLC's holdings in Gartner were worth $14,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Hilltop Holdings Inc. purchased a new position in Gartner during the third quarter worth about $716,000. ClearAlpha Technologies LP acquired a new stake in shares of Gartner in the third quarter valued at approximately $462,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Gartner in the third quarter valued at approximately $1,002,000. Erste Asset Management GmbH acquired a new stake in shares of Gartner in the third quarter valued at approximately $7,634,000. Finally, True Wealth Design LLC grew its position in shares of Gartner by 2,350.0% in the third 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 last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Up 0.1 %

Shares of IT traded up $0.77 during midday trading on Friday, hitting $517.37. The company had a trading volume of 341,509 shares, compared to its average volume of 417,907. The company's 50 day moving average price is $521.52 and its 200 day moving average price is $486.63. The stock has a market cap of $39.91 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 3.26 and a beta of 1.31. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 EPS. On average, equities research analysts predict that Gartner, Inc. will post 11.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $539.25.

Insider Activity

In related news, EVP Claire Herkes sold 411 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. The trade was a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Akhil Jain sold 500 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the sale, the executive vice president now owns 4,339 shares in the company, valued at $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,560 shares of company stock valued at $37,909,141. Company insiders own 3.60% of the company's stock.

Gartner Company 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.