Cromwell Holdings LLC Grows Holdings in Gartner, Inc. (NYSE:IT)

Cromwell Holdings LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 23.8% during the third quarter, HoldingsChannel reports. The firm owned 224 shares of the information technology services provider’s stock after purchasing an additional 43 shares during the period. Cromwell Holdings LLC’s holdings in Gartner were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Eastern Bank bought a new position in Gartner in the third quarter worth approximately $26,000. Central Pacific Bank Trust Division bought a new position in shares of Gartner in the 1st quarter worth $36,000. Crewe Advisors LLC lifted its stake 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 worth $44,000 after purchasing an additional 67 shares during the last quarter. J.Safra Asset Management Corp boosted its position in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares in the last quarter. Finally, Asset Dedication LLC grew its stake in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on IT shares. 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. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Robert W. Baird raised their price objective on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Bank of America raised their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets increased their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average target price of $532.86.

Insider Buying and Selling

In related news, EVP Akhil Jain sold 400 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Gartner news, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Akhil Jain sold 400 shares of Gartner 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 sale, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,164 shares of company stock valued at $32,601,014. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Down 0.9 %

NYSE:IT opened at $513.36 on Friday. The firm has a market capitalization of $39.85 billion, a P/E ratio of 51.08, a PEG ratio of 3.23 and a beta of 1.32. The company’s fifty day moving average price is $505.35 and its 200-day moving average price is $469.93. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $535.29. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

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

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.