Matrix Asset Advisors Inc. NY Buys Shares of 400 Gartner, Inc. (NYSE:IT)

Matrix Asset Advisors Inc. NY bought a new position in shares of Gartner, Inc. (NYSE:IT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 400 shares of the information technology services provider’s stock, valued at approximately $203,000.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC grew its holdings in Gartner by 21.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,308 shares of the information technology services provider’s stock worth $590,000 after acquiring an additional 235 shares during the last quarter. Syon Capital LLC increased its holdings in Gartner by 6.1% in the fourth quarter. Syon Capital LLC now owns 933 shares of the information technology services provider’s stock valued at $421,000 after purchasing an additional 54 shares during the period. Wellington Management Group LLP raised its position in Gartner by 12.0% during the 4th quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after purchasing an additional 198,274 shares during the last quarter. Wahed Invest LLC lifted its holdings in Gartner by 7.1% during the 4th quarter. Wahed Invest LLC now owns 1,308 shares of the information technology services provider’s stock worth $590,000 after buying an additional 87 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Gartner by 136.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,189 shares of the information technology services provider’s stock valued at $5,047,000 after buying an additional 6,456 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Akhil Jain sold 400 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at $2,346,915. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Yvonne Genovese sold 443 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,164 shares of company stock worth $32,601,014. 3.60% of the stock is currently owned by insiders.

Gartner Stock Performance

NYSE IT opened at $521.22 on Friday. The firm has a market cap of $40.46 billion, a P/E ratio of 51.86, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The company’s 50 day moving average is $495.34 and its 200-day moving average is $466.23. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $524.77.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IT shares. UBS Group boosted their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Bank of America lifted their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $529.29.

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.