Atria Investments Inc Acquires 412 Shares of Gartner, Inc. (NYSE:IT)

by · The Cerbat Gem

Atria Investments Inc increased its position in shares of Gartner, Inc. (NYSE:IT – Free Report) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,785 shares of the information technology services provider’s stock after acquiring an additional 412 shares during the quarter. Atria Investments Inc’s holdings in Gartner were worth $9,519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bridges Investment Management Inc. bought a new position in Gartner during the 3rd quarter worth approximately $221,000. Assetmark Inc. boosted its stake in Gartner by 70.0% during the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after acquiring an additional 2,118 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in Gartner during the 3rd quarter worth approximately $226,000. Capital Performance Advisors LLP bought a new position in Gartner during the 3rd quarter worth approximately $77,000. Finally, Principal Financial Group Inc. boosted its stake in Gartner by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

NYSE IT opened at $547.40 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 12-month low of $397.43 and a 12-month high of $552.33. The company has a market capitalization of $42.18 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The firm’s 50 day moving average is $512.66 and its 200-day moving average is $474.59.

Gartner (NYSE:IT – Get Free Report) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $2.56 EPS. Gartner’s revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Gartner, Inc. will post 11.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Akhil Jain sold 400 shares of the stock in a transaction dated 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 directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 approximately $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig Safian sold 6,310 shares of Gartner stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total value of $3,051,326.70. Following the sale, the chief financial officer now directly owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,899 shares of company stock valued at $30,317,486 in the last quarter. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on IT shares. Wells Fargo & Company raised their target price on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. BMO Capital Markets raised their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Bank of America raised their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird raised their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, UBS Group raised their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus price target of $539.25.

Read Our Latest Research Report on IT

Gartner Profile

(Free Report)

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.

See Also

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