Wealth Enhancement Advisory Services LLC Acquires 1,582 Shares of Gartner, Inc. (NYSE:IT)

Wealth Enhancement Advisory Services LLC grew its holdings in Gartner, Inc. (NYSE:IT) by 6.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,550 shares of the information technology services provider’s stock after acquiring an additional 1,582 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Gartner were worth $12,656,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BSW Wealth Partners grew its holdings in shares of Gartner by 3.7% during the fourth quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock worth $278,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP grew its stake in Gartner by 2.8% in the fourth quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock valued at $364,000 after purchasing an additional 22 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in Gartner by 0.5% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after purchasing an additional 22 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in Gartner by 36.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 25 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Gartner news, Director Anne Sutherland Fuchs sold 705 shares of Gartner stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total transaction of $302,437.95. Following the transaction, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Anne Sutherland Fuchs sold 705 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total value of $302,437.95. Following the transaction, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the transaction, the director now directly owns 599,074 shares in the company, valued at $263,167,217.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,544 shares of company stock valued at $10,079,813. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Up 1.0 %

Shares of IT opened at $449.06 on Friday. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $486.54. The business’s fifty day moving average is $439.07 and its 200-day moving average is $452.24. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $34.86 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 3.91 and a beta of 1.32.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.88 EPS. Equities analysts anticipate that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on IT shares. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target for the company. UBS Group decreased their price target on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Robert W. Baird dropped their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $474.50.

Gartner Company 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.