Forsta AP Fonden Boosts Stake in Gartner, Inc. (NYSE:IT)

Forsta AP Fonden lifted its position in Gartner, Inc. (NYSE:IT - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,600 shares of the information technology services provider's stock after buying an additional 1,300 shares during the period. Forsta AP Fonden's holdings in Gartner were worth $16,014,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Gartner by 6.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,550 shares of the information technology services provider's stock valued at $12,656,000 after acquiring an additional 1,582 shares during the last quarter. MorganRosel Wealth Management LLC lifted its holdings in shares of Gartner by 10.8% during the 1st quarter. MorganRosel Wealth Management LLC now owns 2,330 shares of the information technology services provider's stock valued at $1,111,000 after buying an additional 228 shares during the period. Chapin Davis Inc. boosted its stake in shares of Gartner by 26.1% in the 1st quarter. Chapin Davis Inc. now owns 2,683 shares of the information technology services provider's stock worth $1,279,000 after buying an additional 555 shares during the last quarter. Norden Group LLC increased its position 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 during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in Gartner by 11.8% in the first quarter. First Trust Direct Indexing L.P. now owns 1,915 shares of the information technology services provider's stock worth $913,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Trading Down 0.9 %

Shares of IT stock traded down $4.59 during trading hours on Friday, reaching $513.36. 144,907 shares of the stock were exchanged, compared to its average volume of 232,832. The firm has a market capitalization of $39.56 billion, a price-to-earnings ratio of 48.89, a price-to-earnings-growth 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. The company's 50-day moving average price is $505.35 and its 200-day moving average price is $469.98. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 earnings per share. As a group, equities analysts anticipate that Gartner, Inc. will post 11.65 earnings per share for the current year.

Insider Activity

In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the sale, the executive vice president now directly owns 56,650 shares in the company, valued at approximately $28,636,008.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Yvonne Genovese sold 443 shares of the business's stock in a transaction on Monday, August 26th. The stock was 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 of the company's stock, valued at approximately $947,411.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the transaction, the executive vice president now owns 56,650 shares in the company, valued at $28,636,008.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IT. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Bank of America increased their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their target price on shares of Gartner from $517.00 to $565.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. UBS Group raised their price target on Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Morgan Stanley upped 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $532.86.

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.