Oddo BHF Asset Management Sas Invests $16.82 Million in Gartner, Inc. (NYSE:IT)

Oddo BHF Asset Management Sas purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,189 shares of the information technology services provider's stock, valued at approximately $16,819,000.

Several other large investors also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Gartner by 1.1% in the third quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider's stock worth $1,650,697,000 after purchasing an additional 36,258 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Gartner by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider's stock worth $1,020,378,000 after buying an additional 36,698 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after acquiring an additional 103,814 shares during the period. Franklin Resources Inc. grew its stake in shares of Gartner by 3.3% in the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider's stock worth $422,678,000 after acquiring an additional 25,315 shares during the last quarter. Finally, Sustainable Growth Advisers LP bought a new position in Gartner during the second quarter worth $266,541,000. Institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on IT shares. Morgan Stanley raised their price target on shares of Gartner from $560.00 to $564.00 and gave the stock an "equal weight" rating in a research report on Thursday. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Barclays boosted their price objective on Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research 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 stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $543.75.

Gartner Stock Performance

Shares of Gartner stock traded down $5.67 during trading on Friday, hitting $508.46. 239,117 shares of the stock were exchanged, compared to its average volume of 373,520. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a fifty day moving average price of $522.24 and a 200-day moving average price of $488.03. The stock has a market capitalization of $39.22 billion, a price-to-earnings ratio of 37.92, a price-to-earnings-growth ratio of 3.24 and a beta of 1.31. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company earned $2.56 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Activity

In related news, EVP William James Wartinbee III sold 189 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares of the company's stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 17,533 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the completion of the sale, the director now owns 532,294 shares in the company, valued at $291,212,724.46. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,583 shares of company stock worth $19,241,974. 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.