Whittier Trust Co. Buys 25 Shares of Gartner, Inc. (NYSE:IT)

Whittier Trust Co. grew its stake in Gartner, Inc. (NYSE:IT) by 5.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 457 shares of the information technology services provider’s stock after purchasing an additional 25 shares during the quarter. Whittier Trust Co.’s holdings in Gartner were worth $232,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IT. Sustainable Growth Advisers LP purchased a new stake in shares of Gartner in the 2nd quarter worth about $266,541,000. Principal Financial Group Inc. grew its position 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 worth $852,014,000 after buying an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD grew 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 period. Natixis Advisors LLC grew its position in shares of Gartner by 117.4% in the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after buying an additional 108,061 shares during the period. Finally, Norden Group LLC grew its position in shares of Gartner by 2,573.7% in the 1st quarter. Norden Group LLC now owns 71,360 shares of the information technology services provider’s stock worth $34,010,000 after buying an additional 68,691 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Gartner

In other Gartner news, Director Anne Sutherland Fuchs sold 500 shares of Gartner stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.28, for a total transaction of $252,640.00. Following the transaction, the director now owns 8,059 shares of the company’s stock, valued at $4,072,051.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Eugene A. Hall sold 12,082 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total value of $6,099,476.88. Following the transaction, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The trade was 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 hyperlink. Also, Director Anne Sutherland Fuchs sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total transaction of $252,640.00. Following the completion of the transaction, the director now directly owns 8,059 shares in the company, valued at $4,072,051.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock valued at $32,601,014 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Performance

IT opened at $517.95 on Friday. 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 company has a market cap of $40.21 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 3.23 and a beta of 1.32. The company’s 50 day moving average is $504.74 and its 200 day moving average is $469.64. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $2.85 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Gartner, Inc. will post 11.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IT. Morgan Stanley upped their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. BMO Capital Markets increased their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Bank of America increased their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $532.86.

About Gartner

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.