Private Advisor Group LLC Raises Holdings in Gartner, Inc. (NYSE:IT)

Private Advisor Group LLC increased its holdings in Gartner, Inc. (NYSE:IT) by 71.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 901 shares of the information technology services provider’s stock after purchasing an additional 375 shares during the quarter. Private Advisor Group LLC’s holdings in Gartner were worth $456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IT. Eastern Bank purchased a new position in shares of Gartner during the third quarter worth $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Gartner in the first quarter valued at $36,000. Crewe Advisors LLC raised its stake in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after buying an additional 67 shares in the last quarter. J.Safra Asset Management Corp raised its stake in Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after buying an additional 54 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Trading Up 0.3 %

Shares of Gartner stock opened at $505.06 on Tuesday. Gartner, Inc. has a fifty-two week low of $382.27 and a fifty-two week high of $535.29. The firm has a market cap of $38.92 billion, a PE ratio of 48.12, a P/E/G ratio of 3.12 and a beta of 1.32. The business’s fifty day moving average is $508.33 and its two-hundred day moving average is $471.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets lifted their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Bank of America boosted their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Robert W. Baird boosted their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upped their target price on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $532.86.

Insiders Place Their Bets

In other news, CFO Craig Safian sold 6,310 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the sale, the chief financial officer now directly owns 71,544 shares in the company, valued at $34,596,532.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig Safian sold 6,310 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the transaction, the chief financial officer now directly owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,899 shares of company stock valued at $24,959,886 in the last quarter. 3.60% of the stock is currently owned by company insiders.

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.