Gartner Inc (IT) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in shares of Gartner Inc (NYSE:IT) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,301 shares of the information technology services provider’s stock after buying an additional 416 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Gartner were worth $1,005,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of IT. Bank of America Corp DE lifted its stake in Gartner by 175.0% during the second quarter. Bank of America Corp DE now owns 1,370,511 shares of the information technology services provider’s stock worth $182,142,000 after purchasing an additional 872,182 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Gartner by 11.6% during the second quarter. Janus Henderson Group PLC now owns 5,238,694 shares of the information technology services provider’s stock worth $696,223,000 after purchasing an additional 543,074 shares during the last quarter. First Trust Advisors LP lifted its stake in Gartner by 223.9% during the third quarter. First Trust Advisors LP now owns 231,500 shares of the information technology services provider’s stock worth $36,693,000 after purchasing an additional 160,018 shares during the last quarter. Polen Capital Management LLC lifted its stake in Gartner by 1.7% during the second quarter. Polen Capital Management LLC now owns 5,487,422 shares of the information technology services provider’s stock worth $729,278,000 after purchasing an additional 93,895 shares during the last quarter. Finally, FMR LLC lifted its stake in Gartner by 22.8% during the second quarter. FMR LLC now owns 450,684 shares of the information technology services provider’s stock worth $59,896,000 after purchasing an additional 83,596 shares during the last quarter.

In other news, EVP Robin B. Kranich sold 3,085 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $149.24, for a total value of $460,405.40. Following the completion of the sale, the executive vice president now owns 11,914 shares of the company’s stock, valued at approximately $1,778,045.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 1,763 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $147.55, for a total value of $260,130.65. Following the completion of the sale, the executive vice president now directly owns 27,819 shares of the company’s stock, valued at approximately $4,104,693.45. The disclosure for this sale can be found here. In the last three months, insiders sold 7,226 shares of company stock valued at $1,070,818. 4.30% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on the company. Robert W. Baird lifted their price target on Gartner from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, September 28th. Wells Fargo & Co lifted their price target on Gartner from $130.00 to $155.00 and gave the stock a “market perform” rating in a research note on Monday, October 1st. Morgan Stanley reaffirmed a “hold” rating and set a $149.00 price target (up previously from $142.00) on shares of Gartner in a research note on Thursday, September 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $161.00 price target (up previously from $147.00) on shares of Gartner in a research note on Friday, August 31st. Finally, Bank of America assumed coverage on Gartner in a research note on Monday, October 22nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Gartner currently has a consensus rating of “Buy” and a consensus price target of $147.10.

NYSE IT opened at $147.90 on Friday. Gartner Inc has a 1-year low of $111.57 and a 1-year high of $161.21. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $13.63 billion, a PE ratio of 39.77, a P/E/G ratio of 2.80 and a beta of 1.21.

Gartner (NYSE:IT) last released its earnings results on Thursday, November 1st. The information technology services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.23. Gartner had a return on equity of 36.22% and a net margin of 3.74%. The company had revenue of $922.00 million during the quarter, compared to analyst estimates of $919.96 million. During the same quarter in the previous year, the company posted $0.65 EPS. Gartner’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts forecast that Gartner Inc will post 3.65 earnings per share for the current year.

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Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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