Pine Valley Investments Ltd Liability Co Grows Stock Holdings in Gartner, Inc. (NYSE:IT)

Pine Valley Investments Ltd Liability Co increased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,146 shares of the information technology services provider's stock after purchasing an additional 2,313 shares during the quarter. Pine Valley Investments Ltd Liability Co's holdings in Gartner were worth $8,689,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider's stock valued at $1,650,697,000 after purchasing an additional 36,258 shares in the last quarter. Geode Capital Management LLC increased its holdings in Gartner by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider's stock valued at $1,020,378,000 after buying an additional 36,698 shares during the last quarter. Principal Financial Group Inc. raised its stake in 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 buying an additional 103,814 shares in the last quarter. Sustainable Growth Advisers LP purchased a new stake in Gartner during the 2nd quarter worth about $266,541,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Gartner by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider's stock worth $262,706,000 after acquiring an additional 56,908 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity

In other news, EVP William James Wartinbee III sold 189 shares of the 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 completion of 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the sale, the director now owns 529,844 shares in the company, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,061 shares of company stock valued at $19,483,846. Company insiders own 3.60% of the company's stock.

Gartner Stock Performance

Gartner stock traded down $4.41 during midday trading on Thursday, hitting $514.13. 295,641 shares of the company's stock were exchanged, compared to its average volume of 374,080. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $39.66 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The firm's 50 day simple moving average is $522.13 and its 200 day simple moving average is $487.85.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on IT. 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. Barclays boosted their price objective on shares of Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their price target on shares of Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $543.75.

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.