Gartner, Inc. (NYSE:IT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,857 shares of the information technology services provider's stock after selling 1,966 shares during the period. Los Angeles Capital Management LLC's holdings in Gartner were worth $10,063,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IT. Eastern Bank purchased a new position in Gartner during the third quarter valued at approximately $26,000. Crewe Advisors LLC lifted its position in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 20 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider's stock worth $70,000 after acquiring an additional 54 shares during the last quarter. Finally, Asset Dedication LLC lifted its holdings in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock worth $75,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Akhil Jain sold 400 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the sale, the executive vice president now owns 4,839 shares of the company's stock, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of the business'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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,899 shares of company stock valued at $30,317,486. 3.60% of the stock is currently owned by insiders.

Gartner Trading Up 0.6 %

Shares of IT traded up $3.52 during midday trading on Tuesday, reaching $552.48. The company had a trading volume of 133,257 shares, compared to its average volume of 367,924. Gartner, Inc. has a 1-year low of $410.58 and a 1-year high of $559.00. The stock has a market cap of $42.57 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.32. The firm has a 50 day simple moving average of $513.80 and a 200-day simple moving average of $475.31. The company has a quick ratio of 0.90, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

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. 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 company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $2.56 EPS. Research analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Analyst Ratings Changes

IT has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. UBS Group upped their target price on shares of Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Barclays increased 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. Finally, BMO Capital Markets raised their price target on Gartner from $450.00 to $510.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 31st. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.