JPMorgan Chase & Co. Increases Position in Gartner, Inc. (NYSE:IT)

JPMorgan Chase & Co. lifted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,036,530 shares of the information technology services provider's stock after acquiring an additional 70,236 shares during the period. JPMorgan Chase & Co. owned 1.34% of Gartner worth $525,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its stake in Gartner by 54.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,112 shares of the information technology services provider's stock valued at $1,847,000 after acquiring an additional 1,447 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Gartner by 2.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,981 shares of the information technology services provider's stock valued at $3,584,000 after purchasing an additional 173 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Gartner during the second quarter worth approximately $94,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Gartner during the second quarter worth $281,000. Finally, Banque Cantonale Vaudoise grew its position in Gartner by 88.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 6,688 shares of the information technology services provider's stock valued at $3,003,000 after buying an additional 3,147 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other news, EVP Claire Herkes sold 411 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 1,494 shares of the company's stock, valued at $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the transaction, the director now owns 554,274 shares in the company, valued at $296,957,838.24. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,583 shares of company stock worth $19,241,974 in the last quarter. 3.60% of the stock is owned by insiders.

Gartner Trading Down 0.5 %

NYSE:IT traded down $2.26 on Friday, reaching $486.96. The stock had a trading volume of 230,968 shares, compared to its average volume of 377,368. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 3.24 and a beta of 1.31. Gartner, Inc. has a 12-month low of $411.15 and a 12-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. The firm's fifty day moving average is $515.35 and its two-hundred day moving average is $493.16.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.56 earnings per share. Equities analysts expect that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IT shares. Morgan Stanley increased their price target on shares of Gartner from $560.00 to $564.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Wells Fargo & Company raised their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target 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. Finally, Barclays upped their price target on Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $543.75.

Gartner 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.