Gartner, Inc. (NYSE:IT) Stake Reduced by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its stake in Gartner, Inc. (NYSE:IT - Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,577 shares of the information technology services provider's stock after selling 2,111 shares during the period. TD Private Client Wealth LLC's holdings in Gartner were worth $2,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IT. State Street Corp raised its position in 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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. boosted its stake in shares of Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock worth $1,014,099,000 after buying an additional 103,814 shares during the period. Sustainable Growth Advisers LP purchased a new position in shares of Gartner during the second quarter worth about $266,541,000. Finally, Dimensional Fund Advisors LP increased its position in Gartner by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider's stock valued at $262,706,000 after acquiring an additional 56,908 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on IT. Morgan Stanley raised their price objective on shares of Gartner from $560.00 to $564.00 and gave the company an "equal weight" rating in a research report on Thursday. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Barclays increased their price target on shares of Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Gartner presently has an average rating of "Hold" and a consensus target price of $543.75.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 411 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the transaction, the executive vice president now directly owns 1,494 shares of the company's stock, valued at $778,732.56. The trade was a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James C. Smith sold 10,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now owns 554,274 shares of the company's stock, valued at approximately $296,957,838.24. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,583 shares of company stock valued at $19,241,974. Company insiders own 3.60% of the company's stock.

Gartner Stock Down 1.1 %

IT traded down $5.67 during trading hours on Friday, reaching $508.46. 239,117 shares of the stock traded hands, compared to its average volume of 373,520. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. 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 company has a market cap of $39.22 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 3.24 and a beta of 1.31. The firm's fifty day simple moving average is $522.13 and its two-hundred day simple moving average is $488.51.

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