Johnson Investment Counsel Inc. Has $430,000 Stake in Gartner, Inc. (NYSE:IT)

Johnson Investment Counsel Inc. decreased its holdings in Gartner, Inc. (NYSE:IT) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 957 shares of the information technology services provider’s stock after selling 35 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Gartner were worth $430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCW Group Inc. raised its stake in Gartner by 4.0% in the 4th quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock worth $89,800,000 after purchasing an additional 7,639 shares in the last quarter. Russell Investments Group Ltd. increased its position in Gartner by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after purchasing an additional 2,560 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in Gartner during the 4th quarter worth approximately $2,093,000. Madison Asset Management LLC increased its position in Gartner by 2.8% during the 4th quarter. Madison Asset Management LLC now owns 344,657 shares of the information technology services provider’s stock worth $155,478,000 after purchasing an additional 9,538 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its position in Gartner by 3,456.6% during the 4th quarter. TFO Wealth Partners LLC now owns 2,703 shares of the information technology services provider’s stock worth $1,219,000 after purchasing an additional 2,627 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. UBS Group upped their price objective on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley boosted their target price on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Bank of America boosted 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $521.00.

Insider Activity

In other news, CEO Eugene A. Hall sold 12,082 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total value of $6,099,476.88. Following the sale, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director James C. Smith sold 2,128 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $500.15, for a total transaction of $1,064,319.20. Following the transaction, the director now directly owns 572,090 shares of the company’s stock, valued at $286,130,813.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the transaction, the chief executive officer now directly owns 1,143,389 shares in the company, valued at $577,228,502.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,626 shares of company stock valued at $15,145,217. 3.60% of the stock is currently owned by insiders.

Gartner Trading Up 1.0 %

NYSE:IT opened at $510.56 on Friday. The firm’s fifty day moving average is $477.01 and its 200-day moving average is $460.65. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $510.98. The firm has a market cap of $39.34 billion, a P/E ratio of 50.80, a P/E/G ratio of 3.89 and a beta of 1.32.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm posted $2.85 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts expect that Gartner, Inc. will post 11.59 earnings per share for the current year.

Gartner 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.