Aptus Capital Advisors LLC Acquires 82 Shares of Gartner, Inc. (NYSE:IT)

Aptus Capital Advisors LLC lifted its holdings in Gartner, Inc. (NYSE:IT) by 10.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 868 shares of the information technology services provider’s stock after purchasing an additional 82 shares during the period. Aptus Capital Advisors LLC’s holdings in Gartner were worth $440,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in shares of Gartner by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after acquiring an additional 2,560 shares in the last quarter. US Bancorp DE increased its position in shares of Gartner by 0.6% in the 1st quarter. US Bancorp DE now owns 5,122 shares of the information technology services provider’s stock valued at $2,442,000 after buying an additional 32 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Gartner by 1.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 8,118 shares of the information technology services provider’s stock valued at $3,870,000 after buying an additional 98 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Gartner by 5.5% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 707 shares of the information technology services provider’s stock worth $337,000 after purchasing an additional 37 shares during the period. Finally, Banco Santander S.A. acquired a new position in Gartner in the 1st quarter worth $427,000. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IT has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Bank of America lifted their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group lifted their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average target price of $539.25.

Insider Activity

In related news, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the transaction, the director now directly owns 529,844 shares of the company’s stock, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction that occurred on 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 sold 73,172 shares of company stock valued at $38,023,255 in the last three months. Company insiders own 3.60% of the company’s stock.

Gartner Trading Down 2.7 %

Shares of IT stock opened at $522.77 on Friday. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day simple moving average of $518.32 and a two-hundred day simple moving average of $477.49. The company has a market capitalization of $40.28 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 3.45 and a beta of 1.32.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $2.56 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

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.