Wilmington Savings Fund Society FSB Makes New $897,000 Investment in Gartner, Inc. (NYSE:IT)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,771 shares of the information technology services provider's stock, valued at approximately $897,000.

A number of other hedge funds also recently made changes to their positions in IT. Sustainable Growth Advisers LP purchased a new stake in Gartner in the second quarter worth about $266,541,000. Principal Financial Group Inc. lifted its holdings in shares of Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider's stock worth $852,014,000 after acquiring an additional 341,911 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Gartner during the 3rd quarter valued at about $70,955,000. Natixis Advisors LLC grew its position in shares of Gartner by 117.4% in the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider's stock worth $89,856,000 after buying an additional 108,061 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Gartner during the 3rd quarter worth approximately $36,789,000. 91.51% of the stock is owned by institutional investors.

Gartner Price Performance

Shares of Gartner stock traded down $5.67 during trading on Friday, hitting $508.46. 239,125 shares of the company's stock traded hands, compared to its average volume of 373,520. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The company has a market cap of $39.22 billion, a PE ratio of 37.50, a PEG ratio of 3.24 and a beta of 1.31. The firm's fifty day moving average price is $522.13 and its 200 day moving average price is $488.89. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.48 billion during 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 business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.56 earnings per share. Analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares of the company's stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares of the company's stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target on Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. One equities 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $543.75.

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.