Worldquant Millennium Advisors LLC Has $56.61 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Worldquant Millennium Advisors LLC decreased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 15.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 111,709 shares of the information technology services provider's stock after selling 19,752 shares during the period. Worldquant Millennium Advisors LLC owned 0.14% of Gartner worth $56,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eastern Bank purchased a new position in Gartner during the third quarter worth approximately $26,000. Crewe Advisors LLC boosted its holdings in 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 acquiring an additional 67 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Gartner in the 3rd quarter worth about $44,000. True Wealth Design LLC lifted its stake in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 20 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James C. Smith sold 2,128 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $500.15, for a total value of $1,064,319.20. Following the transaction, the director now directly owns 572,090 shares in the company, valued at approximately $286,130,813.50. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares of the company's stock, valued at $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,560 shares of company stock worth $37,909,141 over the last quarter. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of research reports. Robert W. Baird upped their price target 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. Wells Fargo & Company lifted their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Barclays raised their price target 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 boosted their price objective on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on shares of Gartner from $490.00 to $528.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. One investment 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's stock. Based on data from MarketBeat.com, Gartner currently has an average rating of "Hold" and a consensus price target of $539.25.

Gartner Price Performance

IT traded up $0.77 during trading on Friday, reaching $517.37. The stock had a trading volume of 341,509 shares, compared to its average volume of 417,907. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a 50 day moving average of $521.52 and a two-hundred day moving average of $486.13. The firm has a market capitalization of $39.91 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 3.26 and a beta of 1.31.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate 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.