Oppenheimer Asset Management Inc. purchased a new position in Gartner, Inc. (NYSE:IT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,665 shares of the information technology services provider’s stock, valued at approximately $1,583,000.
Other large investors also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Gartner during the fourth quarter worth approximately $126,000. Global X Management Co. LLC boosted its stake in Gartner by 31.6% in the first quarter. Global X Management Co. LLC now owns 1,725 shares of the information technology services provider’s stock worth $186,000 after buying an additional 414 shares during the last quarter. 1st Global Advisors Inc. bought a new stake in Gartner during the first quarter worth approximately $204,000. Raymond James Trust N.A. bought a new stake in Gartner during the first quarter worth approximately $208,000. Finally, Creative Planning boosted its stake in Gartner by 35.8% in the first quarter. Creative Planning now owns 1,927 shares of the information technology services provider’s stock worth $208,000 after buying an additional 508 shares during the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.
Shares of Gartner, Inc. (IT) traded down 0.2929% on Tuesday, hitting $126.4785. 119,967 shares of the company traded hands. The firm has a market capitalization of $11.44 billion, a P/E ratio of 57.4902 and a beta of 1.05. The firm’s 50-day moving average is $119.08 and its 200 day moving average is $108.84. Gartner, Inc. has a 1-year low of $84.54 and a 1-year high of $128.29.
Gartner (NYSE:IT) last posted its quarterly earnings data on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Gartner had a net margin of 7.22% and a return on equity of 954.04%. The company had revenue of $625.17 million for the quarter, compared to analyst estimates of $612.84 million. During the same quarter last year, the company earned $0.67 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. On average, analysts anticipate that Gartner, Inc. will post $3.48 earnings per share for the current fiscal year.
IT has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Morgan Stanley lifted their price objective on shares of Gartner from $106.00 to $112.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. BMO Capital Markets reiterated a “buy” rating and set a $110.00 price objective on shares of Gartner in a report on Wednesday, April 5th. Credit Suisse Group restated a “buy” rating and set a $124.00 price target on shares of Gartner in a report on Tuesday, April 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $115.00 price target on shares of Gartner in a report on Tuesday, April 25th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $118.36.
In other Gartner news, SVP Alwyn Dawkins sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $116.05, for a total value of $162,470.00. Following the sale, the senior vice president now owns 29,085 shares in the company, valued at approximately $3,375,314.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David Godfrey sold 1,425 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $120.41, for a total value of $171,584.25. Following the transaction, the senior vice president now owns 10,759 shares in the company, valued at approximately $1,295,491.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,297 shares of company stock worth $5,793,254. Corporate insiders own 4.40% of the company’s stock.
Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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