Gartner, Inc. (NYSE:IT) Stake Reduced by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,060 shares of the information technology services provider’s stock after selling 4,884 shares during the period. Glenmede Trust Co. NA’s holdings in Gartner were worth $70,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new stake in Gartner during the third quarter worth approximately $26,000. Crewe Advisors LLC boosted its stake in shares of Gartner by 223.3% during 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 in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Gartner in the 3rd quarter worth $44,000. Fortitude Family Office LLC raised its position in shares of Gartner by 23.8% during the third 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 period. Finally, Asset Dedication LLC lifted its holdings in shares of Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 0.8 %

Shares of NYSE:IT opened at $523.13 on Wednesday. The firm has a fifty day moving average of $520.24 and a two-hundred day moving average of $482.02. 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, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00. The firm has a market capitalization of $40.35 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, EVP Scott Hensel sold 5,580 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the transaction, the executive vice president now directly owns 19,724 shares in the company, valued at $9,664,760. This trade represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Akhil Jain sold 500 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the sale, the executive vice president now owns 4,339 shares of the company’s stock, valued at approximately $2,134,788. This trade represents a 10.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,729 shares of company stock valued at $37,809,011. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Bank of America boosted their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their target price on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus price target of $539.25.

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.