Two Sigma Advisers LP lessened its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,300 shares of the information technology services provider's stock after selling 34,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.21% of Gartner worth $82,754,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in Gartner in the third quarter worth $26,000. Crewe Advisors LLC increased its holdings in shares of Gartner by 223.3% in the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider's stock worth $44,000 after acquiring an additional 67 shares during the period. Ashton Thomas Securities LLC bought a new stake in Gartner in the 3rd quarter valued at about $44,000. True Wealth Design LLC boosted its stake in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares during the period. Finally, Fortitude Family Office LLC grew its position in Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 91.51% of the company's stock.
In related news, Director James C. Smith sold 2,128 shares of Gartner stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $500.15, for a total value of $1,064,319.20. Following the completion of the transaction, the director now directly owns 572,090 shares of the company's stock, valued at $286,130,813.50. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Akhil Jain sold 500 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $492.00, for a total transaction of $246,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,339 shares of the company's stock, valued at approximately $2,134,788. This represents a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,560 shares of company stock valued at $37,909,141 in the last 90 days. 3.60% of the stock is owned by corporate insiders.
IT opened at $516.67 on Friday. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The firm has a market capitalization of $39.85 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 3.22 and a beta of 1.31. The stock's 50 day moving average price is $521.35 and its two-hundred day moving average price is $485.71. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.
Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share 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 company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm earned $2.56 EPS. Gartner's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.
A number of brokerages recently issued reports on IT. Deutsche Bank Aktiengesellschaft increased their target price 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. Wells Fargo & Company lifted their price target on Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Barclays boosted their price objective on Gartner from $470.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price target on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $539.25.
Read Our Latest Research Report on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Gartner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gartner wasn't on the list.
While Gartner currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.