Raymond James Trust N.A. Acquires 41 Shares of Gartner, Inc. (NYSE:IT)

Raymond James Trust N.A. lifted its stake in Gartner, Inc. (NYSE:IT) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,454 shares of the information technology services provider’s stock after purchasing an additional 41 shares during the period. Raymond James Trust N.A.’s holdings in Gartner were worth $737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank bought a new stake in Gartner during the 3rd quarter worth approximately $26,000. Crewe Advisors LLC lifted its stake in shares of Gartner by 223.3% during the 2nd 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. Ashton Thomas Securities LLC bought a new position in Gartner in the 3rd quarter worth $44,000. Fortitude Family Office LLC increased its stake in Gartner by 23.8% in the 3rd 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 in the last quarter. Finally, Asset Dedication LLC raised its holdings in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 47 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Gartner

In related news, EVP Scott Hensel sold 5,580 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $490.00, for a total value of $2,734,200.00. Following the sale, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at $9,664,760. This represents a 22.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the business’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 value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. This trade represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,729 shares of company stock worth $37,809,011. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on IT. Deutsche Bank Aktiengesellschaft increased their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Bank of America lifted their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $539.25.

Gartner Stock Performance

Shares of NYSE:IT opened at $518.76 on Tuesday. The firm has a fifty day simple moving average of $520.07 and a two-hundred day simple moving average of $481.44. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $40.01 billion, a P/E ratio of 38.27, a PEG ratio of 3.25 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $2.56 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

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.