Gartner, Inc. (NYSE:IT) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 1,074.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,312 shares of the information technology services provider’s stock after acquiring an additional 64,327 shares during the period. Mizuho Securities USA LLC’s holdings in Gartner were worth $35,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sustainable Growth Advisers LP purchased a new stake in Gartner during the 2nd quarter worth approximately $266,541,000. Principal Financial Group Inc. increased its holdings in shares of Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Gartner by 38.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after buying an additional 114,610 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Gartner by 117.4% in the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after acquiring an additional 108,061 shares during the last quarter. Finally, Swedbank AB acquired a new position in Gartner in the first quarter valued at approximately $30,735,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares in the company, valued at $293,893,869.92. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,172 shares of company stock valued at $38,023,255. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on IT. UBS Group raised their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Bank of America lifted their target price on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird raised their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $539.25.

Gartner Stock Performance

NYSE:IT opened at $522.77 on Friday. 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 has a 50-day moving average of $518.32 and a 200-day moving average of $477.49. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The firm has a market cap of $40.28 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 3.45 and a beta of 1.32.

Gartner (NYSE:IT) last posted 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 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company earned $2.56 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

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.