Fullcircle Wealth LLC Purchases Shares of 403 Gartner, Inc. (NYSE:IT)

Fullcircle Wealth LLC acquired a new stake in Gartner, Inc. (NYSE:IT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 403 shares of the information technology services provider’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sustainable Growth Advisers LP bought a new stake in Gartner in the second quarter valued at $266,541,000. Principal Financial Group Inc. increased its position in shares of Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after buying an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Gartner by 38.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after buying an additional 114,610 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Gartner by 117.4% in the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after buying an additional 108,061 shares during the period. Finally, Swedbank AB bought a new stake in Gartner during the 1st quarter valued at approximately $30,735,000. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IT has been the subject of several research reports. Robert W. Baird increased their target price on 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 raised their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group upped their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company upped their price objective on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $532.86.

Gartner Stock Performance

Shares of IT stock opened at $503.69 on Friday. The company has a market capitalization of $38.81 billion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 3.12 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. Gartner, Inc. has a one year low of $332.59 and a one year high of $535.29. The company’s 50-day moving average is $508.33 and its 200 day moving average is $471.46.

Insider Activity

In related news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at $947,411.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Eugene A. Hall sold 34,060 shares of the firm’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 sale, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,582 shares of company stock worth $25,743,407 over the last 90 days. 3.60% of the stock is currently owned by 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.