Cetera Investment Advisers Grows Position in Gartner, Inc. (NYSE:IT)

Cetera Investment Advisers lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,679 shares of the information technology services provider’s stock after purchasing an additional 226 shares during the quarter. Cetera Investment Advisers’ holdings in Gartner were worth $9,735,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Sustainable Growth Advisers LP bought a new stake in Gartner during the second quarter worth about $266,541,000. Principal Financial Group Inc. lifted its position in Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after buying an additional 341,911 shares during the last quarter. Wellington Management Group LLP boosted its stake in Gartner by 12.0% in the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after buying an additional 198,274 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Gartner by 38.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock valued at $197,608,000 after acquiring an additional 114,610 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Gartner by 117.4% during the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after acquiring an additional 108,061 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the transaction, the executive vice president now owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the sale, the executive vice president now owns 56,650 shares in the company, valued at approximately $28,636,008.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,164 shares of company stock valued at $32,601,014. Corporate insiders own 3.60% of the company’s stock.

Gartner Trading Up 1.1 %

NYSE IT opened at $513.71 on Friday. 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 fifty-two week low of $323.61 and a fifty-two week high of $521.64. The stock has a market cap of $39.88 billion, a P/E ratio of 51.12, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The stock has a 50 day simple moving average of $492.53 and a two-hundred day simple moving average of $464.89.

Gartner (NYSE:IT) last released 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 business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 earnings per share. On average, analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IT. Bank of America upped their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. UBS Group raised their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One investment 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 company presently has an average rating of “Hold” and a consensus price target of $521.00.

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.