Gartner, Inc. (NYSE:IT) Position Boosted by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 10.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,330 shares of the information technology services provider’s stock after acquiring an additional 228 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Gartner were worth $1,111,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IT. LPL Financial LLC lifted its holdings in shares of Gartner by 23.0% in the third quarter. LPL Financial LLC now owns 28,129 shares of the information technology services provider’s stock valued at $9,665,000 after buying an additional 5,266 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in Gartner by 357.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 68 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Gartner by 2.4% in the 3rd quarter. Bank of Nova Scotia now owns 43,588 shares of the information technology services provider’s stock valued at $14,977,000 after acquiring an additional 1,011 shares during the last quarter. Gateway Advisory LLC boosted its position in shares of Gartner by 1.8% during the 3rd quarter. Gateway Advisory LLC now owns 1,720 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 30 shares in the last quarter. Finally, Fairhaven Wealth Management LLC grew its stake in shares of Gartner by 7.8% in the 3rd quarter. Fairhaven Wealth Management LLC now owns 1,046 shares of the information technology services provider’s stock worth $359,000 after purchasing an additional 76 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gartner news, EVP Yvonne Genovese sold 439 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $456.13, for a total value of $200,241.07. Following the completion of the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alwyn Dawkins sold 600 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $447.63, for a total transaction of $268,578.00. Following the completion of the sale, the executive vice president now directly owns 51,583 shares in the company, valued at approximately $23,090,098.29. The disclosure for this sale can be found here. Insiders have sold 22,544 shares of company stock worth $10,079,813 in the last ninety days. Insiders own 3.60% of the company’s stock.

Gartner Trading Up 1.0 %

Shares of IT stock opened at $449.06 on Monday. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $486.54. The company has a market cap of $34.86 billion, a PE ratio of 44.68, a price-to-earnings-growth ratio of 3.93 and a beta of 1.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The business’s 50 day moving average is $439.07 and its two-hundred day moving average is $452.08.

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

Wall Street Analyst Weigh In

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

About Gartner

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.