Geneva Capital Management LLC Sells 2,212 Shares of Gartner, Inc. (NYSE:IT)

Geneva Capital Management LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,968 shares of the information technology services provider’s stock after selling 2,212 shares during the period. Geneva Capital Management LLC owned 0.11% of Gartner worth $41,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Gartner by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after purchasing an additional 2,560 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in Gartner in the 2nd quarter valued at approximately $512,000. Tidal Investments LLC increased its position in Gartner by 24.4% in the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after buying an additional 1,940 shares during the period. Magnetar Financial LLC acquired a new position in shares of Gartner during the first quarter worth approximately $1,049,000. Finally, Vident Advisory LLC boosted its position in shares of Gartner by 543.2% in the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after acquiring an additional 7,751 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gartner

In other Gartner news, CFO Craig Safian sold 6,310 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the sale, the chief financial officer now directly owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 completion of the sale, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig Safian sold 6,310 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the transaction, the chief financial officer now owns 71,544 shares in the company, valued at approximately $34,596,532.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,899 shares of company stock valued at $30,317,486 in the last ninety days. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets upped their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. UBS Group lifted their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays upped their price target on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $539.25.

Gartner Trading Up 0.3 %

IT stock opened at $550.66 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market cap of $42.43 billion, a P/E ratio of 40.61, a P/E/G ratio of 3.43 and a beta of 1.32. Gartner, Inc. has a 1-year low of $410.58 and a 1-year high of $559.00. The business’s 50 day moving average is $515.17 and its 200-day moving average is $476.03.

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

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.