Portside Wealth Group LLC Has $3.05 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Portside Wealth Group LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,026 shares of the information technology services provider’s stock after selling 63 shares during the period. Portside Wealth Group LLC’s holdings in Gartner were worth $3,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Gartner during the third quarter worth $26,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner during the 1st quarter worth approximately $36,000. Crewe Advisors LLC increased its holdings 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 purchasing an additional 67 shares during the period. Fortitude Family Office LLC raised its position in shares of 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 in the last quarter. Finally, J.Safra Asset Management Corp grew 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 worth $70,000 after buying an additional 54 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of IT opened at $540.75 on Friday. The firm’s fifty day simple moving average is $511.54 and its two-hundred day simple moving average is $473.53. Gartner, Inc. has a 12 month low of $396.60 and a 12 month high of $542.13. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The stock has a market capitalization of $41.67 billion, a P/E ratio of 51.50, a price-to-earnings-growth ratio of 3.14 and a beta of 1.32.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that Gartner, Inc. will post 11.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IT. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group lifted their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target 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. Robert W. Baird raised their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays increased their price target on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday. One equities 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $539.25.

Insiders Place Their Bets

In related news, EVP Akhil Jain sold 400 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Gartner news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares in the company, valued at $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Craig Safian sold 6,310 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $483.57, for a total value of $3,051,326.70. Following the transaction, the chief financial officer now owns 71,544 shares in the company, valued at $34,596,532.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,899 shares of company stock worth $24,959,886. Corporate insiders own 3.60% of the company’s stock.

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.