Weaver Capital Management LLC Has $729,000 Stake in Gartner, Inc. (NYSE:IT)

Weaver Capital Management LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 116.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,439 shares of the information technology services provider’s stock after acquiring an additional 773 shares during the period. Weaver Capital Management LLC’s holdings in Gartner were worth $729,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Eastern Bank acquired a new position in shares of Gartner during the 3rd quarter valued at about $26,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner during the 1st quarter valued at about $36,000. Crewe Advisors LLC increased its holdings in shares of Gartner by 223.3% during the 2nd 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. J.Safra Asset Management Corp increased its holdings in shares of Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 54 shares during the last quarter. Finally, Asset Dedication LLC increased its holdings in shares of Gartner by 46.5% during the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the transaction, the executive vice president now owns 1,905 shares in the company, valued at $963,949.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the transaction, the executive vice president now owns 56,650 shares in the company, valued at $28,636,008.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at $963,949.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 in the last 90 days. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IT has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley increased their target price on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. BMO Capital Markets increased their target price on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Bank of America increased their target price on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $532.86.

Gartner Price Performance

Shares of IT stock opened at $523.76 on Wednesday. The stock has a 50 day moving average of $503.22 and a two-hundred day moving average of $468.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $535.29. The company has a market capitalization of $40.66 billion, a P/E ratio of 52.12, a P/E/G ratio of 3.23 and a beta of 1.32.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company earned $2.85 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Gartner, Inc. will post 11.65 EPS for the current year.

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.