Gartner, Inc. (NYSE:IT) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. decreased its position in shares of Gartner, Inc. (NYSE:IT) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190 shares of the information technology services provider’s stock after selling 50 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Gartner were worth $603,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Eastern Bank purchased a new position in Gartner in the third quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Gartner in the 3rd quarter valued at $44,000. Crewe Advisors LLC lifted its position in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 67 shares during the last quarter. Fortitude Family Office LLC raised its stake in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, EVP Scott Hensel sold 5,580 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total value of $2,734,200.00. Following the completion of the transaction, the executive vice president now owns 19,724 shares in the company, valued at $9,664,760. This trade represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. This represents a 2.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,729 shares of company stock worth $37,809,011 in the last quarter. Company insiders own 3.60% of the company’s stock.

Gartner Trading Up 0.1 %

NYSE:IT opened at $519.78 on Monday. The stock has a market capitalization of $40.09 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The stock has a fifty day moving average price of $520.07 and a two-hundred day moving average price of $481.44. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $2.56 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the topic of several research analyst reports. Barclays raised their target price on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Robert W. Baird lifted their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $539.25.

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.