Anchor Capital Advisors LLC lowered its stake in shares of Gartner, Inc. (NYSE:IT – Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,601 shares of the information technology services provider’s stock after selling 2,141 shares during the quarter. Anchor Capital Advisors LLC owned about 0.10% of Gartner worth $33,500,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after buying an additional 60,786 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after purchasing an additional 341,911 shares during the last quarter. Wellington Management Group LLP lifted its position in Gartner by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock valued at $835,826,000 after purchasing an additional 198,274 shares during the period. Brown Advisory Inc. boosted its holdings in Gartner by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 1,208,914 shares of the information technology services provider’s stock valued at $545,353,000 after purchasing an additional 52,826 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Gartner by 18.5% during the 4th quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock worth $415,344,000 after purchasing an additional 143,556 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.
Gartner Trading Up 0.0 %
Shares of NYSE:IT opened at $483.68 on Friday. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average price is $471.55 and its 200-day moving average price is $459.03. The firm has a market capitalization of $37.55 billion, a price-to-earnings ratio of 48.13, a price-to-earnings-growth ratio of 3.83 and a beta of 1.32. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $509.15.
Analyst Ratings Changes
Several equities analysts have recently issued reports on IT shares. Wells Fargo & Company raised Gartner to a “strong sell” rating in a report on Tuesday, August 13th. BMO Capital Markets upped their price objective on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Bank of America raised their price objective 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. Robert W. Baird boosted their target price on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $521.00.
Get Our Latest Research Report on IT
Insider Buying and Selling
In other Gartner news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares in the company, valued at $28,636,008.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at $2,346,915. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,998 shares of company stock worth $13,834,898. 3.60% of the stock is owned by corporate insiders.
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.
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