Insigneo Advisory Services LLC Raises Stock Position in Gartner, Inc. (NYSE:IT)

Insigneo Advisory Services LLC grew its position in Gartner, Inc. (NYSE:IT) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 686 shares of the information technology services provider’s stock after purchasing an additional 28 shares during the period. Insigneo Advisory Services LLC’s holdings in Gartner were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. increased its stake in Gartner by 10.0% during the second quarter. QRG Capital Management Inc. now owns 2,596 shares of the information technology services provider’s stock worth $1,166,000 after acquiring an additional 235 shares during the last quarter. Czech National Bank grew its holdings in shares of Gartner by 7.9% during the 2nd quarter. Czech National Bank now owns 14,794 shares of the information technology services provider’s stock worth $6,643,000 after purchasing an additional 1,079 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Gartner by 6.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,314 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 77 shares during the last quarter. Wedmont Private Capital increased its position in shares of Gartner by 6.7% during the 2nd quarter. Wedmont Private Capital now owns 1,740 shares of the information technology services provider’s stock worth $792,000 after purchasing an additional 110 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Gartner by 13.0% in the 2nd quarter. V Square Quantitative Management LLC now owns 1,839 shares of the information technology services provider’s stock valued at $826,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $517.37 on Monday. The company has a fifty day simple moving average of $521.52 and a two-hundred day simple moving average of $486.63. The company has a market cap of $39.91 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 3.26 and a beta of 1.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IT. Barclays lifted their price target on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $539.25.

Insiders Place Their Bets

In related news, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James C. Smith sold 2,128 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $500.15, for a total transaction of $1,064,319.20. Following the transaction, the director now owns 572,090 shares of the company’s stock, valued at approximately $286,130,813.50. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,060 shares of company stock worth $37,663,141 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Gartner 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.