Northstar Group Inc. Purchases Shares of 438 Gartner, Inc. (NYSE:IT)

Northstar Group Inc. purchased a new stake in shares of Gartner, Inc. (NYSE:IT) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 438 shares of the information technology services provider’s stock, valued at approximately $222,000.

Other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in Gartner in the 1st quarter worth approximately $36,000. Crewe Advisors LLC boosted its stake in Gartner by 223.3% in the second 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 in the last quarter. J.Safra Asset Management Corp grew its position in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 54 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Gartner during the second quarter worth approximately $94,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Gartner by 16.0% during the first quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider’s stock worth $131,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on IT shares. UBS Group increased their target price on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Morgan Stanley increased their target price on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday. Wells Fargo & Company raised Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Finally, BMO Capital Markets increased 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus target price of $529.29.

Insider Activity at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Yvonne Genovese sold 443 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $947,411.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Akhil Jain sold 400 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock worth $32,601,014 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Gartner Trading Down 0.5 %

Shares of IT traded down $2.79 during mid-day trading on Thursday, hitting $517.89. 10,595 shares of the company’s stock traded hands, compared to its average volume of 376,514. The business’s 50-day moving average price is $493.99 and its 200-day moving average price is $465.60. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $521.64. The firm has a market capitalization of $40.20 billion, a P/E ratio of 51.81, a PEG ratio of 3.21 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $2.85 earnings per share. Gartner’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts forecast that Gartner, Inc. will post 11.65 EPS for the current fiscal 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.