Northwest & Ethical Investments L.P. Buys 60 Shares of Gartner, Inc. (NYSE:IT)

Northwest & Ethical Investments L.P. grew its stake in Gartner, Inc. (NYSE:IT) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 560 shares of the information technology services provider’s stock after purchasing an additional 60 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Gartner were worth $284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vinva Investment Management Ltd lifted its position in Gartner by 86.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 10,557 shares of the information technology services provider’s stock valued at $5,373,000 after acquiring an additional 4,900 shares during the period. Financial Counselors Inc. purchased a new position in shares of Gartner in the 3rd quarter worth about $331,000. Public Sector Pension Investment Board grew its position in Gartner by 13.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,330 shares of the information technology services provider’s stock valued at $1,688,000 after purchasing an additional 400 shares during the last quarter. Fiduciary Trust Co raised its holdings in Gartner by 7.2% in the third quarter. Fiduciary Trust Co now owns 3,761 shares of the information technology services provider’s stock worth $1,906,000 after buying an additional 252 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in shares of Gartner in the third quarter worth approximately $229,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gartner

In other Gartner news, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now owns 509,457 shares of the company’s stock, valued at $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Akhil Jain sold 500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the completion of the sale, the executive vice president now owns 4,339 shares in the company, valued at approximately $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,149 shares of company stock valued at $37,694,911. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays raised their price target 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. Wells Fargo & Company lifted their price objective on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird lifted their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned 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

NYSE:IT opened at $517.93 on Friday. The company has a market cap of $39.95 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The stock’s 50 day simple moving average is $521.01 and its two-hundred day simple moving average is $483.99. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

Gartner (NYSE:IT) last announced its quarterly earnings results 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 company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $2.56 earnings per share. Gartner’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

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.