Robeco Institutional Asset Management B.V. Raises Position in Gartner, Inc. (NYSE:IT)

Robeco Institutional Asset Management B.V. grew its stake in Gartner, Inc. (NYSE:IT - Free Report) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,139 shares of the information technology services provider's stock after buying an additional 2,549 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Gartner were worth $13,246,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IT. Eastern Bank bought a new position in shares of Gartner during the third quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new stake in shares of Gartner during the first quarter worth about $36,000. Crewe Advisors LLC increased its stake in shares of Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock valued at $44,000 after buying an additional 67 shares during the period. Fortitude Family Office LLC lifted its position in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after buying an additional 20 shares during the period. Finally, J.Safra Asset Management Corp boosted its stake in Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider's stock worth $70,000 after purchasing an additional 54 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Price Performance

NYSE:IT traded up $3.67 during mid-day trading on Thursday, hitting $540.57. 177,170 shares of the company's stock traded hands, compared to its average volume of 367,665. Gartner, Inc. has a 1 year low of $396.60 and a 1 year high of $542.13. The company has a market cap of $41.66 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The firm's 50 day simple moving average is $510.44 and its 200 day simple moving average is $473.06.

Gartner (NYSE:IT - Get Free Report) last released its earnings results 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 return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the business posted $2.56 EPS. The business's revenue was up 5.4% on a year-over-year basis. Sell-side analysts expect that Gartner, Inc. will post 11.65 EPS for the current year.

Wall Street Analyst Weigh In

IT has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday. Robert W. Baird increased their target price on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research report on Wednesday. Finally, Bank of America lifted their price target 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 analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $539.25.

Insider Activity

In other news, CFO Craig Safian sold 6,310 shares of Gartner stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the transaction, the chief financial officer now owns 71,544 shares in the company, valued at approximately $34,596,532.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Akhil Jain sold 400 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares in the company, valued at $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig Safian sold 6,310 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $483.57, for a total value of $3,051,326.70. Following the sale, the chief financial officer now directly owns 71,544 shares in the company, valued at approximately $34,596,532.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,899 shares of company stock valued at $24,959,886. 3.60% of the stock is currently owned by company insiders.

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.