TCW Group Inc. Has $104.79 Million Stock Position in Gartner, Inc. (NYSE:IT)

TCW Group Inc. cut its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,786 shares of the information technology services provider's stock after selling 1,190 shares during the quarter. TCW Group Inc. owned approximately 0.27% of Gartner worth $104,791,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IT. Eastern Bank acquired a new stake in Gartner during the 3rd quarter valued at $26,000. Crewe Advisors LLC increased its stake in shares of Gartner by 223.3% in 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 in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Gartner in the third quarter valued at about $44,000. True Wealth Design LLC lifted its position in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after buying an additional 94 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 478 shares of Gartner 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 $963,949.05. This trade represents a 20.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This trade represents a 2.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,121 shares of company stock worth $36,697,770. Company insiders own 3.60% of the company's stock.

Analyst Ratings Changes

IT has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price objective on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price target on Gartner from $490.00 to $528.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Finally, Barclays boosted their price objective on Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. One research 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. According to data from MarketBeat, Gartner currently has an average rating of "Hold" and an average price target of $539.25.

Gartner Trading Up 1.1 %

IT traded up $5.89 during mid-day trading on Wednesday, hitting $518.54. The stock had a trading volume of 253,582 shares, compared to its average volume of 374,384. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock's fifty day simple moving average is $521.90 and its 200-day simple moving average is $487.63.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 earnings per share. As a group, research analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

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.