Nomura Asset Management Co. Ltd. Buys 3,595 Shares of Gartner, Inc. (NYSE:IT)

Nomura Asset Management Co. Ltd. boosted its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 9.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,256 shares of the information technology services provider's stock after purchasing an additional 3,595 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.05% of Gartner worth $20,907,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Baron Wealth Management LLC lifted its stake in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after acquiring an additional 19 shares in the last quarter. Fortitude Family Office LLC lifted its position in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after buying an additional 20 shares in the last quarter. Moors & Cabot Inc. lifted its position in Gartner by 3.0% during the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider's stock worth $343,000 after buying an additional 22 shares in the last quarter. Wallace Advisory Group LLC grew its holdings in shares of Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider's stock valued at $440,000 after acquiring an additional 23 shares in the last quarter. Finally, Trust Point Inc. increased its position in shares of Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider's stock valued at $378,000 after acquiring an additional 23 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gartner

In other news, EVP Claire Herkes sold 478 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the transaction, the executive vice president now directly owns 1,905 shares in the company, valued at $963,949.05. This trade represents a 20.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The trade was a 2.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,121 shares of company stock worth $36,697,770 over the last 90 days. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of recent analyst reports. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Barclays boosted their price target on Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Finally, 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 report on Wednesday, November 6th. One investment 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. Based on data from MarketBeat, Gartner presently has an average rating of "Hold" and an average target price of $539.25.

Gartner Price Performance

Gartner stock traded up $5.89 during mid-day trading on Wednesday, hitting $518.54. 253,582 shares of the company traded hands, compared to its average volume of 374,384. The stock has a fifty day moving average price of $522.13 and a 200-day moving average price of $487.85. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. 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 stock has a market cap of $40.00 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31.

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, beating 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 company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company posted $2.56 EPS. Gartner'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 earnings per share for the current fiscal year.

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.