Creative Planning Increases Holdings in Gartner, Inc. (NYSE:IT)

Creative Planning grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 13.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,735 shares of the information technology services provider’s stock after buying an additional 1,307 shares during the period. Creative Planning’s holdings in Gartner were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of IT. Moors & Cabot Inc. lifted its holdings in shares of Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 22 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of Gartner by 3.2% in the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 23 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Gartner by 2.2% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 23 shares during the last quarter. Wallace Advisory Group LLC lifted its holdings in shares of Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock valued at $440,000 after purchasing an additional 23 shares during the last quarter. Finally, CX Institutional lifted its holdings in shares of Gartner by 2.0% in the 3rd quarter. CX Institutional now owns 1,197 shares of the information technology services provider’s stock valued at $607,000 after purchasing an additional 24 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gartner

In related news, Director Karen E. Dykstra sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at $9,229,528.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $947,411.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karen E. Dykstra sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at $9,229,528.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,164 shares of company stock valued at $32,601,014. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America upped their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their price objective on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Morgan Stanley increased their price objective on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. UBS Group increased their price objective on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $532.86.

Gartner Stock Performance

Shares of IT stock opened at $517.95 on Friday. The company has a market cap of $40.21 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The stock has a 50 day simple moving average of $504.74 and a 200-day simple moving average of $469.64. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last issued its earnings results 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. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 EPS. On average, equities analysts forecast that Gartner, Inc. will post 11.65 EPS for the current year.

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.