Signaturefd LLC Boosts Holdings in Gartner, Inc. (NYSE:IT)

Signaturefd LLC grew its holdings in Gartner, Inc. (NYSE:IT) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,382 shares of the information technology services provider’s stock after purchasing an additional 130 shares during the quarter. Signaturefd LLC’s holdings in Gartner were worth $701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Moors & Cabot Inc. lifted its stake in Gartner by 3.0% in the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after acquiring an additional 22 shares during the last quarter. TIAA Trust National Association lifted its stake in Gartner by 3.2% in the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after acquiring an additional 23 shares during the last quarter. Mather Group LLC. lifted its stake in Gartner by 2.2% in the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock worth $514,000 after acquiring an additional 23 shares during the last quarter. Wallace Advisory Group LLC lifted its stake in Gartner by 2.4% in the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after acquiring an additional 23 shares during the last quarter. Finally, Trust Point Inc. lifted its stake in Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total value of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares in the company, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the sale, the director now owns 19,825 shares in the company, valued at $9,229,528.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares in the company, valued at $963,949.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,164 shares of company stock worth $32,601,014. Company insiders own 3.60% of the company’s stock.

Gartner Price Performance

Gartner stock opened at $517.95 on Friday. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29. The stock has a market capitalization of $40.21 billion, a P/E ratio of 51.54, a P/E/G ratio of 3.23 and a beta of 1.32. The firm’s 50-day moving average is $504.74 and its two-hundred day moving average is $469.64. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 EPS. Equities analysts predict that Gartner, Inc. will post 11.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IT. BMO Capital Markets boosted their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price objective on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research report on Monday, October 14th. Robert W. Baird boosted their price objective on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” 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 research report on Wednesday, July 17th. One 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, the company presently has an average rating of “Hold” and a consensus target price of $532.86.

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.