Gartner, Inc. (NYSE:IT) Shares Sold by ING Groep NV

ING Groep NV decreased its position in shares of Gartner, Inc. (NYSE:ITFree Report) by 9.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,988 shares of the information technology services provider’s stock after selling 1,684 shares during the quarter. ING Groep NV’s holdings in Gartner were worth $5,494,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Smith Salley & Associates grew its stake in Gartner by 0.9% in the 2nd quarter. Smith Salley & Associates now owns 3,485 shares of the information technology services provider’s stock valued at $1,221,000 after acquiring an additional 30 shares during the period. Marks Group Wealth Management Inc grew its stake in Gartner by 0.9% in the 2nd quarter. Marks Group Wealth Management Inc now owns 3,635 shares of the information technology services provider’s stock valued at $1,273,000 after acquiring an additional 33 shares during the period. Independent Advisor Alliance grew its stake in Gartner by 3.3% in the 2nd quarter. Independent Advisor Alliance now owns 1,024 shares of the information technology services provider’s stock valued at $359,000 after acquiring an additional 33 shares during the period. PFG Advisors grew its stake in Gartner by 1.1% in the 2nd quarter. PFG Advisors now owns 3,054 shares of the information technology services provider’s stock valued at $1,070,000 after acquiring an additional 34 shares during the period. Finally, Park Place Capital Corp grew its stake in Gartner by 5.2% in the 2nd quarter. Park Place Capital Corp now owns 685 shares of the information technology services provider’s stock valued at $240,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity at Gartner

In related news, EVP Akhil Jain sold 100 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $400.56, for a total value of $40,056.00. Following the sale, the executive vice president now directly owns 3,311 shares in the company, valued at approximately $1,326,254.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Gartner news, EVP Akhil Jain sold 100 shares of Gartner stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $400.56, for a total value of $40,056.00. Following the completion of the transaction, the executive vice president now directly owns 3,311 shares of the company’s stock, valued at approximately $1,326,254.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 15,083 shares of Gartner stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $388.67, for a total value of $5,862,309.61. Following the completion of the transaction, the director now directly owns 675,574 shares of the company’s stock, valued at $262,575,346.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,130 shares of company stock worth $35,180,674. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company raised their price objective on Gartner from $380.00 to $435.00 and gave the company an “overweight” rating in a report on Friday, December 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $380.25.

Get Our Latest Stock Report on IT

Gartner Stock Up 2.1 %

NYSE IT opened at $454.21 on Friday. Gartner, Inc. has a 52 week low of $292.60 and a 52 week high of $469.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 4.32. The business’s fifty day simple moving average is $435.07 and its 200-day simple moving average is $378.26. The firm has a market cap of $35.41 billion, a PE ratio of 39.06, a P/E/G ratio of 4.95 and a beta of 1.28.

Gartner (NYSE:ITGet Free Report) last posted its quarterly earnings results on Friday, November 3rd. The information technology services provider reported $2.56 EPS for the quarter, topping the consensus estimate of $1.96 by $0.60. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. Gartner had a return on equity of 206.71% and a net margin of 15.97%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 EPS. As a group, equities analysts anticipate that Gartner, Inc. will post 11.06 earnings per share for the current year.

Gartner declared that its Board of Directors has approved a share buyback program on Friday, November 3rd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Gartner Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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