CENTRAL TRUST Co Raises Stock Position in Gartner, Inc. (NYSE:IT)

CENTRAL TRUST Co lifted its position in Gartner, Inc. (NYSE:IT) by 11.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 443 shares of the information technology services provider’s stock after purchasing an additional 45 shares during the period. CENTRAL TRUST Co’s holdings in Gartner were worth $224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sustainable Growth Advisers LP purchased a new stake in shares of Gartner in the 2nd quarter worth $266,541,000. Principal Financial Group Inc. lifted its stake in Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after acquiring an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Gartner by 38.2% during 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 acquiring an additional 114,610 shares in the last quarter. Natixis Advisors LLC increased its position in Gartner by 117.4% during the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock valued at $89,856,000 after purchasing an additional 108,061 shares during the period. Finally, Norden Group LLC increased its position in Gartner by 2,573.7% during the 1st quarter. Norden Group LLC now owns 71,360 shares of the information technology services provider’s stock valued at $34,010,000 after purchasing an additional 68,691 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. 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 note on Wednesday, July 31st. Wells Fargo & Company increased their target price on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research report on Monday, October 14th. Morgan Stanley boosted their price target on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Robert W. Baird raised their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $532.86.

Insider Transactions at Gartner

In related news, CEO Eugene A. Hall sold 34,060 shares of the company’s 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 transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the sale, the executive vice president now directly owns 56,650 shares in the company, valued at $28,636,008.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,164 shares of company stock worth $32,601,014. Company insiders own 3.60% of the company’s stock.

Gartner Price Performance

Shares of NYSE IT opened at $513.36 on Friday. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $535.29. The company has a market cap of $39.56 billion, a PE ratio of 48.89, a P/E/G ratio of 3.25 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The business has a 50-day simple moving average of $505.35 and a two-hundred day simple moving average of $469.93.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business earned $2.85 EPS. As a group, equities analysts expect that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

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.