WCM Investment Management LLC Increases Position in Gartner, Inc. (NYSE:IT)

WCM Investment Management LLC increased its position in Gartner, Inc. (NYSE:IT - Free Report) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,275 shares of the information technology services provider's stock after purchasing an additional 3,320 shares during the quarter. WCM Investment Management LLC's holdings in Gartner were worth $10,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Gartner by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider's stock worth $4,277,999,000 after purchasing an additional 60,786 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Gartner by 5.5% in 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 purchasing an additional 103,814 shares during the period. Bessemer Group Inc. raised its position in shares of Gartner by 1.3% in the 1st quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider's stock valued at $290,742,000 after buying an additional 7,852 shares in the last quarter. Sustainable Growth Advisers LP acquired a new stake in shares of Gartner during the 2nd quarter worth approximately $266,541,000. Finally, Dimensional Fund Advisors LP boosted its position in Gartner by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider's stock valued at $262,706,000 after buying an additional 56,908 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Gartner

In other news, EVP Akhil Jain sold 400 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was 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 in the company, valued at $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Craig Safian sold 6,310 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 71,544 shares of the company's stock, valued at approximately $34,596,532.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $194,000.00. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 59,899 shares of company stock worth $30,317,486 in the last three months. 3.60% of the stock is owned by corporate insiders.

Gartner Trading Up 0.3 %

IT traded up $1.70 during trading hours on Tuesday, reaching $550.66. 334,609 shares of the company's stock traded hands, compared to its average volume of 368,845. The firm has a 50-day moving average price of $513.80 and a 200 day moving average price of $475.31. The company has a quick ratio of 0.90, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $42.43 billion, a PE ratio of 40.49, a PEG ratio of 3.42 and a beta of 1.32. Gartner, Inc. has a 52-week low of $410.58 and a 52-week high of $559.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IT. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. UBS Group increased their price target on shares of Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Barclays raised their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird boosted their target price on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. One 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. According to MarketBeat.com, Gartner presently has an average rating of "Hold" and an average target price of $539.25.

Gartner Company 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.