Gartner, Inc. (NYSE:IT) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. decreased its position in Gartner, Inc. (NYSE:IT) by 10.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,614 shares of the information technology services provider’s stock after selling 180 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Gartner were worth $725,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Copperwynd Financial LLC grew its stake in Gartner by 20.4% in the 2nd quarter. Copperwynd Financial LLC now owns 1,773 shares of the information technology services provider’s stock valued at $796,000 after acquiring an additional 301 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Gartner in the second quarter valued at about $2,578,000. Deerfield Management Company L.P. Series C acquired a new stake in shares of Gartner in the second quarter valued at approximately $339,000. APG Asset Management N.V. increased its stake in shares of Gartner by 102.7% during the 2nd quarter. APG Asset Management N.V. now owns 109,341 shares of the information technology services provider’s stock worth $45,814,000 after purchasing an additional 55,389 shares in the last quarter. Finally, APG Asset Management US Inc. raised its position in shares of Gartner by 3.4% during the 2nd quarter. APG Asset Management US Inc. now owns 74,720 shares of the information technology services provider’s stock worth $32,975,000 after purchasing an additional 2,456 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at $28,636,008.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the sale, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 directly owns 56,650 shares of the company’s stock, valued at $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 quarter, insiders sold 65,164 shares of company stock worth $32,601,014. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on IT shares. 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. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley lifted their price target 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. BMO Capital Markets upped their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note 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 note 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $521.00.

Gartner Stock Performance

Shares of IT stock opened at $509.81 on Tuesday. 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 firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 50.73, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. Gartner, Inc. has a one year low of $323.61 and a one year high of $521.64. The company has a 50 day moving average price of $493.31 and a 200 day moving average price of $464.97.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $2.85 EPS. Sell-side analysts anticipate that Gartner, Inc. will post 11.65 EPS 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.