Banco Santander S.A. Acquires New Holdings in Gartner, Inc. (NYSE:IT)

Banco Santander S.A. bought a new position in shares of Gartner, Inc. (NYSE:IT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,275 shares of the information technology services provider’s stock, valued at approximately $646,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank bought a new position in shares of Gartner during the third quarter worth about $26,000. Crewe Advisors LLC increased its position in shares of Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the period. Ashton Thomas Securities LLC bought a new position in Gartner during the third quarter worth $44,000. Fortitude Family Office LLC lifted its holdings in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares during the period. Finally, Asset Dedication LLC boosted its position in Gartner by 46.5% during the third 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. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IT shares. Wells Fargo & Company lifted their price objective on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their price target on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Barclays raised 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 increased their target price 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. Finally, Bank of America lifted their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $539.25.

Insider Buying and Selling

In related news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The trade was a 2.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 443 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at $947,411.58. This represents a 18.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,172 shares of company stock valued at $38,023,255. 3.60% of the stock is owned by insiders.

Gartner Trading Up 0.1 %

NYSE:IT opened at $519.50 on Friday. 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, Inc. has a one year low of $411.15 and a one year high of $559.00. The company has a market cap of $40.07 billion, a PE ratio of 38.31, a PEG ratio of 3.23 and a beta of 1.32. The firm has a 50-day moving average of $519.89 and a 200-day moving average of $480.23.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $2.56 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Gartner, Inc. will post 11.89 EPS for the current fiscal 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.