Wealth Enhancement Advisory Services LLC Boosts Stake in Gartner, Inc. (NYSE:IT)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,005 shares of the information technology services provider's stock after purchasing an additional 4,565 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Gartner were worth $15,205,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider's stock worth $4,277,999,000 after purchasing an additional 60,786 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Gartner by 22.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider's stock valued at $852,014,000 after acquiring an additional 341,911 shares during the period. Findlay Park Partners LLP lifted its stake in Gartner by 5.7% during the 1st quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider's stock valued at $323,240,000 after acquiring an additional 36,400 shares during the period. Bessemer Group Inc. lifted its stake in Gartner by 1.3% during the 1st quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider's stock valued at $290,742,000 after acquiring an additional 7,852 shares during the period. Finally, Sustainable Growth Advisers LP acquired a new stake in Gartner during the 2nd quarter valued at approximately $266,541,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Transactions at Gartner

In other news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,959 shares in the company, valued at $947,411.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock valued at $32,601,014 over the last ninety days. Insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IT. Wells Fargo & Company lifted their price objective on shares of Gartner from $435.00 to $460.00 and gave the company an "underweight" rating in a research note on Monday, October 14th. Morgan Stanley lifted their price objective on shares of Gartner from $490.00 to $528.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Robert W. Baird boosted 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 boosted 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. Finally, Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $532.86.

Gartner Price Performance

Gartner stock traded up $3.58 during midday trading on Tuesday, reaching $518.25. The company had a trading volume of 230,027 shares, compared to its average volume of 366,270. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. Gartner, Inc. has a 12-month low of $324.98 and a 12-month high of $535.29. The company has a market capitalization of $40.23 billion, a P/E ratio of 51.57, a P/E/G ratio of 3.25 and a beta of 1.32. The firm's fifty day simple moving average is $505.95 and its 200-day simple moving average is $470.26.

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 for the quarter, beating the consensus estimate of $3.02 by $0.20. The business 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 business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 earnings per share. As a group, equities analysts anticipate that Gartner, Inc. will post 11.65 EPS for the current year.

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.