Gartner, Inc. (NYSE:IT) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in Gartner, Inc. (NYSE:IT) by 166.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,168 shares of the information technology services provider’s stock after acquiring an additional 10,729 shares during the quarter. Cerity Partners LLC’s holdings in Gartner were worth $8,700,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IT. GenTrust LLC acquired a new position in Gartner during the 3rd quarter valued at about $210,000. Icon Wealth Advisors LLC boosted its holdings in shares of Gartner by 498.4% in the third quarter. Icon Wealth Advisors LLC now owns 28,322 shares of the information technology services provider’s stock valued at $14,352,000 after acquiring an additional 23,589 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Gartner by 2.9% during the third quarter. Raymond James Trust N.A. now owns 1,454 shares of the information technology services provider’s stock valued at $737,000 after acquiring an additional 41 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Gartner by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 490,011 shares of the information technology services provider’s stock worth $248,318,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Banco Santander S.A. acquired a new stake in Gartner in the third quarter worth approximately $646,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IT. Robert W. Baird lifted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Barclays raised their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $539.25.

Gartner Stock Performance

Gartner stock opened at $523.13 on Wednesday. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The firm’s 50 day simple moving average is $520.24 and its 200-day simple moving average is $482.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $40.35 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 3.25 and a beta of 1.32.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company posted $2.56 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Gartner, Inc. will post 11.89 EPS for the current year.

Insider Activity

In related news, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction that occurred 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 owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This represents a 2.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scott Hensel sold 5,580 shares of Gartner stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the sale, the executive vice president now owns 19,724 shares of the company’s stock, valued at $9,664,760. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,729 shares of company stock worth $37,809,011. 3.60% of the stock is owned by corporate 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.