Skandinaviska Enskilda Banken AB publ Sells 54 Shares of Gartner, Inc. (NYSE:IT)

Skandinaviska Enskilda Banken AB publ reduced its holdings in shares of Gartner, Inc. (NYSE:IT) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,951 shares of the information technology services provider’s stock after selling 54 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Gartner were worth $7,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IT. DSM Capital Partners LLC bought a new stake in shares of Gartner during the 4th quarter worth $32,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner during the 1st quarter worth $36,000. Crewe Advisors LLC lifted its position in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the last quarter. J.Safra Asset Management Corp lifted its position in shares of Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after buying an additional 54 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Gartner during the 2nd quarter worth $94,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Up 0.0 %

Shares of IT stock opened at $513.59 on Friday. The stock has a market cap of $39.87 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 3.89 and a beta of 1.32. The stock has a 50-day moving average of $483.06 and a 200-day moving average of $462.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $517.48.

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

Insider Buying and Selling

In related news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Karen E. Dykstra sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $465.55, for a total transaction of $783,520.65. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at $9,229,528.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock valued at $32,601,014 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on IT. UBS Group increased their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. BMO Capital Markets increased their target price on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley increased their target price on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $521.00.

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.