Dakota Wealth Management Grows Stock Position in Gartner, Inc. (NYSE:IT)

Dakota Wealth Management raised its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 16.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,421 shares of the information technology services provider's stock after purchasing an additional 1,609 shares during the quarter. Dakota Wealth Management's holdings in Gartner were worth $5,788,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Sustainable Growth Advisers LP bought a new stake in Gartner during the 2nd quarter valued at approximately $266,541,000. Principal Financial Group Inc. lifted its holdings in shares of 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 buying an additional 341,911 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Gartner by 38.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider's stock worth $197,608,000 after acquiring an additional 114,610 shares during the last quarter. Natixis Advisors LLC grew its stake in Gartner by 117.4% during the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider's stock valued at $89,856,000 after acquiring an additional 108,061 shares in the last quarter. Finally, Norden Group LLC grew its stake in Gartner by 2,573.7% during the first quarter. Norden Group LLC now owns 71,360 shares of the information technology services provider's stock valued at $34,010,000 after acquiring an additional 68,691 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Gartner news, EVP Akhil Jain sold 400 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares of the company's stock, valued at $2,346,915. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Akhil Jain sold 400 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Yvonne Genovese sold 443 shares of the stock in a transaction dated Monday, August 26th. The stock was 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 in the company, valued at approximately $947,411.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,164 shares of company stock valued at $32,601,014. Insiders own 3.60% of the company's stock.

Gartner Trading Down 0.9 %

NYSE:IT traded down $4.59 during midday trading on Friday, hitting $513.36. 144,907 shares of the company traded hands, compared to its average volume of 232,832. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm's fifty day moving average is $505.35 and its 200-day moving average is $469.93. The firm has a market capitalization of $39.56 billion, a P/E ratio of 48.89, a P/E/G ratio of 3.25 and a beta of 1.32. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.20. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $2.85 EPS. On average, sell-side analysts predict that Gartner, Inc. will post 11.65 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Robert W. Baird increased their price target on Gartner from $517.00 to $565.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price objective on Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. UBS Group increased their target price on Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets raised their target price on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Gartner currently has a consensus rating of "Hold" and an average price target of $532.86.

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.