Gartner, Inc. (NYSE:IT) Position Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in Gartner, Inc. (NYSE:IT) by 30.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,452 shares of the information technology services provider’s stock after buying an additional 340 shares during the period. Exchange Traded Concepts LLC’s holdings in Gartner were worth $703,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Assenagon Asset Management S.A. boosted its holdings in shares of Gartner by 208.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after acquiring an additional 183,974 shares during the period. Point72 Asset Management L.P. bought a new stake in Gartner in the 3rd quarter valued at about $70,955,000. Principal Financial Group Inc. grew its position in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after purchasing an additional 103,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gartner in the third quarter valued at approximately $36,789,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Gartner by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after buying an additional 70,236 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $550.75.

Gartner Price Performance

NYSE IT opened at $538.05 on Thursday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The business’s fifty day moving average is $506.85 and its two-hundred day moving average is $502.86. The stock has a market capitalization of $41.50 billion, a P/E ratio of 39.68, a P/E/G ratio of 2.92 and a beta of 1.33. 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 earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. Gartner’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.56 earnings per share. On average, research analysts forecast that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the sale, the director now directly owns 554,274 shares in the company, valued at approximately $296,957,838.24. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,583 shares of company stock worth $19,241,974 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

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.