Mizuho Securities USA LLC Buys 64,327 Shares of Gartner, Inc. (NYSE:IT)

Mizuho Securities USA LLC lifted its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 1,074.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,312 shares of the information technology services provider's stock after buying an additional 64,327 shares during the period. Mizuho Securities USA LLC owned approximately 0.09% of Gartner worth $35,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IT. Fortitude Family Office LLC raised its stake in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 20 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Gartner by 3.0% in the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider's stock valued at $343,000 after acquiring an additional 22 shares in the last quarter. TIAA Trust National Association increased its stake in shares of Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider's stock valued at $355,000 after acquiring an additional 23 shares during the period. Mather Group LLC. raised its holdings in Gartner by 2.2% during the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider's stock worth $514,000 after purchasing an additional 23 shares in the last quarter. Finally, Wallace Advisory Group LLC lifted its position in Gartner by 2.4% in the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider's stock worth $440,000 after purchasing an additional 23 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In related news, EVP Yvonne Genovese sold 443 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now owns 1,959 shares of the company's stock, valued at approximately $947,411.58. The trade was a 18.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Akhil Jain sold 500 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $492.00, for a total value of $246,000.00. Following the sale, the executive vice president now owns 4,339 shares in the company, valued at approximately $2,134,788. This represents a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,172 shares of company stock worth $38,023,255. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Down 2.7 %

Shares of NYSE IT traded down $14.24 during trading hours on Friday, hitting $522.86. The stock had a trading volume of 460,026 shares, compared to its average volume of 369,857. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $40.29 billion, a P/E ratio of 38.55, a P/E/G ratio of 3.45 and a beta of 1.32. The firm's 50-day moving average price is $518.32 and its two-hundred day moving average price is $477.49. 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 released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion for 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%. Gartner's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.56 EPS. Analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price target on shares of Gartner from $450.00 to $510.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their price target on Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. One equities 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $539.25.

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.