Gartner, Inc. (NYSE:IT) Holdings Raised by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC grew its stake in Gartner, Inc. (NYSE:IT - Free Report) by 498.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,322 shares of the information technology services provider's stock after purchasing an additional 23,589 shares during the period. Gartner makes up approximately 0.5% of Icon Wealth Advisors LLC's portfolio, making the stock its 23rd biggest holding. Icon Wealth Advisors LLC's holdings in Gartner were worth $14,352,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sustainable Growth Advisers LP purchased a new stake in Gartner in the 2nd quarter valued at approximately $266,541,000. Principal Financial Group Inc. raised its position in Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider's stock worth $852,014,000 after acquiring an additional 341,911 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Gartner by 38.2% in the first 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 acquiring an additional 114,610 shares during the period. Natixis Advisors LLC boosted its position in shares of Gartner by 117.4% during the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider's stock worth $89,856,000 after purchasing an additional 108,061 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gartner during the 3rd quarter worth $36,789,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Trading Up 0.1 %

Shares of NYSE IT traded up $0.26 during trading on Friday, hitting $519.50. 415,917 shares of the company traded hands, compared to its average volume of 371,285. The firm has a market capitalization of $40.07 billion, a P/E ratio of 38.53, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average price of $519.89 and a 200-day moving average price of $480.23. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00.

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

Insider Activity

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 stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the transaction, the executive vice president now directly owns 1,959 shares of the company's stock, valued at $947,411.58. This represents a 18.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James C. Smith sold 2,450 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the sale, the director now directly owns 529,844 shares of the company's stock, valued at $293,893,869.92. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,172 shares of company stock worth $38,023,255. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IT. BMO Capital Markets upped their target price on Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. Morgan Stanley raised their price target on shares of Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Robert W. Baird boosted their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Bank of America raised their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Finally, Barclays boosted their price target on Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $539.25.

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.