Gartner, Inc. (NYSE:IT) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its stake in Gartner, Inc. (NYSE:IT - Free Report) by 58.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,530 shares of the information technology services provider's stock after purchasing an additional 935 shares during the quarter. Venturi Wealth Management LLC's holdings in Gartner were worth $1,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. Empowered Funds LLC increased its stake in shares of Gartner by 12.1% during the first quarter. Empowered Funds LLC now owns 3,549 shares of the information technology services provider's stock worth $1,692,000 after purchasing an additional 382 shares during the period. Oppenheimer & Co. Inc. bought a new position in Gartner in the first quarter valued at $715,000. Meeder Advisory Services Inc. grew its stake in shares of Gartner by 3.8% in the first quarter. Meeder Advisory Services Inc. now owns 1,263 shares of the information technology services provider's stock worth $602,000 after purchasing an additional 46 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Gartner during the first quarter valued at approximately $147,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Gartner by 8.0% during the 1st quarter. QRG Capital Management Inc. now owns 2,361 shares of the information technology services provider's stock valued at $1,125,000 after buying an additional 175 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Akhil Jain sold 400 shares of Gartner 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 sale, the executive vice president now owns 4,839 shares of the company's stock, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company's stock, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Smith sold 10,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the transaction, the director now directly owns 554,274 shares in the company, valued at approximately $296,957,838.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,899 shares of company stock worth $30,317,486 over the last three months. Corporate insiders own 3.60% of the company's stock.

Gartner Trading Up 0.3 %

Shares of NYSE:IT traded up $1.70 during trading hours on Tuesday, hitting $550.66. 335,121 shares of the company's stock traded hands, compared to its average volume of 368,845. Gartner, Inc. has a 1 year low of $410.58 and a 1 year 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 0.90. The firm has a market capitalization of $42.43 billion, a P/E ratio of 40.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.32. The business has a fifty day moving average price of $513.80 and a 200-day moving average price of $475.31.

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, 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 the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $2.56 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.

Analyst Ratings Changes

IT has been the topic of a number of recent research reports. Barclays increased their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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 upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note 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 given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $539.25.

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.