Gartner, Inc. (NYSE:IT) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 43.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,184 shares of the information technology services provider’s stock after purchasing an additional 41,323 shares during the quarter. BNP Paribas Financial Markets owned about 0.18% of Gartner worth $69,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Eastern Bank purchased a new stake in shares of Gartner in the 3rd quarter worth about $26,000. Crewe Advisors LLC boosted its position in shares of Gartner by 223.3% in the 2nd 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 in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Gartner in the 3rd quarter worth about $44,000. Fortitude Family Office LLC boosted its position in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares in the last quarter. Finally, Asset Dedication LLC boosted its position in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after buying an additional 47 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IT shares. Robert W. Baird boosted their price objective 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. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Barclays upped their target price on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Finally, Bank of America upped their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $539.25.

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 478 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This represents a 20.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This trade represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,149 shares of company stock worth $37,694,911 in the last three months. Company insiders own 3.60% of the company’s stock.

Gartner Price Performance

NYSE:IT opened at $519.23 on Thursday. The firm has a market cap of $40.05 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company’s 50-day moving average is $520.55 and its two-hundred day moving average is $482.61.

Gartner (NYSE:IT) last announced its quarterly earnings data 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. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. Research analysts expect that Gartner, Inc. will post 11.89 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.