Mirae Asset Global Investments Co. Ltd. Has $3.21 Million Stock Position in Gartner, Inc. (NYSE:IT)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 20.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,303 shares of the information technology services provider's stock after buying an additional 1,078 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Gartner were worth $3,208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. raised its stake in shares of Gartner by 11.8% during the 1st 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 in the last quarter. American National Bank & Trust Co. VA acquired a new stake in Gartner in the first quarter valued at $249,000. Commonwealth Equity Services LLC grew its position in shares of Gartner by 15.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,152 shares of the information technology services provider's stock valued at $2,456,000 after acquiring an additional 703 shares during the period. HB Wealth Management LLC increased its stake in shares of Gartner by 9.0% during the 1st quarter. HB Wealth Management LLC now owns 1,170 shares of the information technology services provider's stock worth $558,000 after purchasing an additional 97 shares during the last quarter. Finally, Findlay Park Partners LLP raised its holdings in shares of Gartner by 5.7% in 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 purchasing an additional 36,400 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

Gartner stock traded up $1.27 during midday trading on Wednesday, hitting $519.52. The company's stock had a trading volume of 116,915 shares, compared to its average volume of 365,073. The company has a 50-day moving average price of $506.64 and a two-hundred day moving average price of $470.63. Gartner, Inc. has a 1-year low of $329.20 and a 1-year high of $535.29. The company has a market cap of $40.33 billion, a price-to-earnings ratio of 52.07, a PEG ratio of 3.25 and a beta of 1.32. 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 (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 (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 earnings per share. As a group, sell-side analysts predict that Gartner, Inc. will post 11.65 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on IT. UBS Group boosted their price target on Gartner from $510.00 to $580.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Bank of America increased their price target on Gartner from $525.00 to $580.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Robert W. Baird raised their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets upped their price target on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gartner has an average rating of "Hold" and an average price target of $532.86.

Insider Transactions at Gartner

In other news, EVP Claire Herkes sold 478 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the transaction, the executive vice president now owns 1,905 shares of the company's stock, valued at $963,949.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Eugene A. Hall sold 34,060 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares of the company's stock, valued at approximately $963,949.05. 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 quarter, insiders sold 51,582 shares of company stock valued at $25,743,407. Corporate insiders own 3.60% of the company's stock.

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.