Gartner, Inc. $IT Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Gartner, Inc. (NYSE:IT) by 30.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,900 shares of the information technology services provider’s stock after acquiring an additional 3,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Gartner were worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of IT. Elevation Wealth Partners LLC bought a new position in shares of Gartner during the 3rd quarter worth about $30,000. Financial Management Professionals Inc. acquired a new position in shares of Gartner during the third quarter valued at about $30,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Gartner in the first quarter valued at about $34,000. Basecamp Wealth Advisors LLC lifted its stake in shares of Gartner by 107.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 122 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Gartner by 50.3% in the second quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider’s stock valued at $38,000 after buying an additional 98 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gartner news, Director Anne Fuchs sold 860 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Akhil Jain sold 700 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares in the company, valued at approximately $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,043 shares of company stock valued at $1,172,858 in the last three months. 2.60% of the stock is currently owned by company insiders.

Gartner Stock Up 2.8%

NYSE:IT opened at $235.18 on Tuesday. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 0.82 and a beta of 0.98. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s fifty day moving average price is $197.04 and its two-hundred day moving average price is $170.19. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $256.89.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business posted $3.53 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Gartner, Inc. will post 14.39 EPS for the current year.

Analyst Upgrades and Downgrades

IT has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on Gartner from $206.00 to $212.00 and gave the stock a “market perform” rating in a report on Tuesday, October 13th. Weiss Ratings cut shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 26th. The Goldman Sachs Group upped their target price on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Gartner from $150.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 20th. Finally, UBS Group raised their price target on shares of Gartner from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $198.50.

About Gartner

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.