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

ING Groep NV lifted its position in Gartner, Inc. (NYSE:IT) by 38.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,306 shares of the information technology services provider’s stock after purchasing an additional 2,860 shares during the quarter. ING Groep NV’s holdings in Gartner were worth $5,223,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Gartner by 5.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,273 shares of the information technology services provider’s stock worth $1,152,000 after purchasing an additional 110 shares during the period. KBC Group NV increased its stake in shares of Gartner by 6.2% during the third quarter. KBC Group NV now owns 12,186 shares of the information technology services provider’s stock worth $6,175,000 after acquiring an additional 716 shares during the period. Haverford Trust Co raised its holdings in Gartner by 27.5% during the third quarter. Haverford Trust Co now owns 942 shares of the information technology services provider’s stock worth $477,000 after purchasing an additional 203 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in Gartner by 10.4% during the third quarter. Aptus Capital Advisors LLC now owns 868 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 82 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Gartner in the third quarter valued at about $206,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, EVP Scott Hensel sold 5,580 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the sale, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at approximately $9,664,760. This represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at $947,411.58. This trade represents a 18.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,172 shares of company stock worth $38,023,255 in the last 90 days. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on IT shares. Robert W. Baird raised their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Barclays raised their price objective on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Bank of America boosted their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $539.25.

Gartner Price Performance

Gartner stock opened at $522.77 on Friday. The stock has a market capitalization of $40.28 billion, a P/E ratio of 38.55, a P/E/G ratio of 3.45 and a beta of 1.32. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s 50-day moving average is $518.32 and its two-hundred day moving average is $477.49.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $2.56 EPS. Gartner’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current year.

About Gartner

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.