Gartner, Inc. (NYSE:IT) Stock Position Boosted by Quadrature Capital Ltd

Quadrature Capital Ltd raised its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 78.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,465 shares of the information technology services provider's stock after buying an additional 1,522 shares during the period. Quadrature Capital Ltd's holdings in Gartner were worth $1,755,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. grew its stake in shares of Gartner by 10.0% in the second quarter. QRG Capital Management Inc. now owns 2,596 shares of the information technology services provider's stock valued at $1,166,000 after buying an additional 235 shares in the last quarter. SG Americas Securities LLC grew its position in Gartner by 33.5% in the second quarter. SG Americas Securities LLC now owns 20,319 shares of the information technology services provider's stock valued at $9,124,000 after acquiring an additional 5,100 shares in the last quarter. Czech National Bank raised its stake in shares of Gartner by 7.9% during the second quarter. Czech National Bank now owns 14,794 shares of the information technology services provider's stock valued at $6,643,000 after purchasing an additional 1,079 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Gartner by 6.2% during the second quarter. Sequoia Financial Advisors LLC now owns 1,314 shares of the information technology services provider's stock worth $590,000 after purchasing an additional 77 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Gartner by 6.7% in the second quarter. Wedmont Private Capital now owns 1,740 shares of the information technology services provider's stock valued at $792,000 after purchasing an additional 110 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 411 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akhil Jain sold 500 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the sale, the executive vice president now owns 4,339 shares in the company, valued at $2,134,788. The trade was a 10.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,560 shares of company stock valued at $37,909,141 over the last quarter. Insiders own 3.60% of the company's stock.

Gartner Stock Performance

Shares of NYSE IT traded up $0.77 during trading on Friday, reaching $517.37. The stock had a trading volume of 341,509 shares, compared to its average volume of 417,907. 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 $39.91 billion, a PE ratio of 38.15, a P/E/G ratio of 3.26 and a beta of 1.31. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The firm's 50 day moving average price is $521.52 and its two-hundred day moving average price is $486.13.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share 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 during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $2.56 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IT shares. Robert W. Baird lifted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Barclays raised their price objective on Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company upped their target price on Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $539.25.

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.