Gartner, Inc. (NYSE:IT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,535 shares of the information technology services provider’s stock after selling 829 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Gartner worth $23,582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IT. Eastern Bank acquired a new stake in shares of Gartner in the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner in the 3rd quarter valued at $44,000. Crewe Advisors LLC lifted its stake 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 in the last quarter. Fortitude Family Office LLC boosted 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 worth $53,000 after buying an additional 20 shares during the period. Finally, Asset Dedication LLC grew its stake in shares of 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 owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of Gartner stock opened at $517.93 on Friday. The firm has a market cap of $39.95 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The firm’s 50-day simple moving average is $521.01 and its 200-day simple moving average is $483.66. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

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

Analyst Ratings Changes

IT has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Barclays boosted their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $539.25.

Insiders Place Their Bets

In other Gartner news, EVP Akhil Jain sold 500 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $492.00, for a total value of $246,000.00. Following the transaction, the executive vice president now owns 4,339 shares of the company’s stock, valued at $2,134,788. This trade represents a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James C. Smith sold 2,450 shares of the company’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 value of $1,358,966.00. Following the transaction, the director now directly owns 529,844 shares of the company’s stock, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,149 shares of company stock valued at $37,694,911 over the last 90 days. 3.60% of the stock is owned by company insiders.

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.