Toronto Dominion Bank Raises Holdings in Gartner, Inc. (NYSE:IT)

Toronto Dominion Bank lifted its position in shares of Gartner, Inc. (NYSE:IT) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,270 shares of the information technology services provider’s stock after buying an additional 86 shares during the quarter. Toronto Dominion Bank’s holdings in Gartner were worth $19,994,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IT. Vanguard Group Inc. lifted its stake in Gartner by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider’s stock worth $4,490,378,000 after acquiring an additional 100,917 shares during the period. FMR LLC lifted its position in shares of Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock worth $1,367,233,000 after purchasing an additional 223,087 shares during the period. Geode Capital Management LLC boosted its stake in shares of Gartner by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider’s stock valued at $998,400,000 after purchasing an additional 45,219 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Gartner by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider’s stock valued at $975,141,000 after purchasing an additional 11,657 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Gartner by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider’s stock valued at $805,192,000 after buying an additional 187,854 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on IT. Barclays dropped their target price on Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company dropped their price objective on Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. UBS Group lifted their price objective on shares of Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Robert W. Baird cut their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $518.67.

Gartner Trading Up 0.4%

NYSE IT opened at $450.03 on Tuesday. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The company has a fifty day simple moving average of $420.61 and a two-hundred day simple moving average of $479.18. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market cap of $34.57 billion, a P/E ratio of 28.07, a P/E/G ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $2.93 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Transactions at Gartner

In other news, CFO Craig Safian sold 3,415 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the sale, the chief financial officer now owns 77,890 shares in the company, valued at $35,063,741.30. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,001 shares of company stock worth $2,736,801 over the last three months. 2.30% of the stock is currently owned by insiders.

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.