Gartner, Inc. (NYSE:IT) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of Gartner, Inc. (NYSE:IT) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,538 shares of the information technology services provider’s stock after selling 257 shares during the period. Amalgamated Bank’s holdings in Gartner were worth $7,427,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Sustainable Growth Advisers LP acquired a new position in shares of Gartner in the 2nd quarter worth approximately $266,541,000. First Trust Advisors LP grew its stake in shares of Gartner by 830.4% in the 4th quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock worth $231,974,000 after purchasing an additional 458,963 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 purchasing an additional 341,911 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Gartner by 12.0% in the 4th quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after purchasing an additional 198,274 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Gartner by 38.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after purchasing an additional 114,610 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at $963,949.05. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on IT. UBS Group lifted their price objective on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their target price on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Robert W. Baird lifted their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Bank of America lifted their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gartner has a consensus rating of “Hold” and an average price target of $521.00.

Gartner Stock Performance

IT stock opened at $513.42 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. The stock has a market cap of $39.86 billion, a P/E ratio of 51.09, a P/E/G ratio of 3.89 and a beta of 1.32. The firm has a 50 day simple moving average of $481.90 and a 200 day simple moving average of $461.86. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $517.48.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion during 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 quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $2.85 earnings per share. Research analysts anticipate that Gartner, Inc. will post 11.59 earnings per share 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.