Tidal Investments LLC Purchases 732 Shares of Gartner, Inc. (NYSE:IT)

Tidal Investments LLC grew its position in shares of Gartner, Inc. (NYSE:IT) by 9.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,824 shares of the information technology services provider’s stock after acquiring an additional 732 shares during the period. Tidal Investments LLC’s holdings in Gartner were worth $4,472,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Gartner in the 3rd quarter worth about $897,000. Pine Valley Investments Ltd Liability Co grew its holdings in Gartner by 15.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 17,146 shares of the information technology services provider’s stock worth $8,689,000 after purchasing an additional 2,313 shares during the period. Virtu Financial LLC bought a new position in shares of Gartner during the third quarter valued at approximately $1,216,000. Unigestion Holding SA purchased a new position in shares of Gartner during the third quarter valued at approximately $24,048,000. Finally, Virtue Capital Management LLC bought a new stake in shares of Gartner in the 3rd quarter worth approximately $205,000. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IT shares. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, Barclays increased their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $543.75.

Gartner Stock Performance

Shares of IT stock opened at $508.46 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a 50 day moving average price of $522.13 and a 200-day moving average price of $488.51. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The firm has a market capitalization of $39.22 billion, a PE ratio of 37.50, a P/E/G ratio of 3.24 and a beta of 1.31.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 EPS. As a group, equities research analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current year.

Insider Buying and Selling at Gartner

In related news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares in the company, valued at approximately $293,893,869.92. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is owned by company insiders.

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.