Gartner, Inc. (NYSE:IT) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in Gartner, Inc. (NYSE:IT) by 79.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,899 shares of the information technology services provider’s stock after buying an additional 38,529 shares during the period. Toronto Dominion Bank’s holdings in Gartner were worth $41,422,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BKM Wealth Management LLC acquired a new position in shares of Gartner in the 4th quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new stake in Gartner during the 4th quarter worth $27,000. MCF Advisors LLC acquired a new stake in Gartner during the 4th quarter worth $27,000. AdvisorNet Financial Inc boosted its stake in Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 25 shares during the period. Finally, DSM Capital Partners LLC acquired a new stake in Gartner during the 4th quarter worth $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT stock traded up $8.93 during mid-day trading on Friday, hitting $470.92. The stock had a trading volume of 421,053 shares, compared to its average volume of 401,628. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $486.54. The firm has a market cap of $36.56 billion, a PE ratio of 46.86, a PEG ratio of 3.98 and a beta of 1.33. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day simple moving average is $445.48 and its 200-day simple moving average is $453.43.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $2.88 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Gartner, Inc. will post 11.63 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $893,558.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $455.20, for a total value of $4,552,000.00. Following the sale, the director now directly owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares in the company, valued at $893,558.67. The disclosure for this sale can be found here. In the last three months, insiders sold 22,544 shares of company stock worth $10,079,813. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IT has been the subject of a number of recent research reports. Robert W. Baird decreased their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. UBS Group decreased their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. BMO Capital Markets reduced their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Finally, Morgan Stanley raised their target price on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $478.50.

Gartner Company 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.