SeaCrest Wealth Management LLC Takes $37,000 Position in Gartner, Inc. (NYSE:IT)

SeaCrest Wealth Management LLC acquired a new stake in Gartner, Inc. (NYSE:ITGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 153 shares of the information technology services provider’s stock, valued at approximately $37,000.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of Gartner by 162.2% in the second quarter. Park Avenue Securities LLC now owns 1,969 shares of the information technology services provider’s stock valued at $476,000 after acquiring an additional 1,218 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Gartner by 234.5% in the second quarter. Janney Montgomery Scott LLC now owns 41,388 shares of the information technology services provider’s stock valued at $9,987,000 after acquiring an additional 29,015 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Gartner by 100.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 3,068 shares of the information technology services provider’s stock worth $742,000 after purchasing an additional 1,537 shares during the last quarter. Banco Santander S.A. raised its stake in shares of Gartner by 5.0% during the first quarter. Banco Santander S.A. now owns 3,598 shares of the information technology services provider’s stock worth $1,070,000 after purchasing an additional 172 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Gartner by 8.0% during the first quarter. Crossmark Global Holdings Inc. now owns 10,438 shares of the information technology services provider’s stock worth $3,105,000 after purchasing an additional 770 shares during the last quarter. 92.20% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Up 0.2 %

Shares of IT stock opened at $338.27 on Tuesday. Gartner, Inc. has a fifty-two week low of $221.39 and a fifty-two week high of $346.35. The stock has a market cap of $26.73 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.80 and a beta of 1.34. The business has a fifty day simple moving average of $302.03 and a 200-day simple moving average of $278.12. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 20.79.

Insider Activity

In other news, EVP Yvonne Genovese sold 645 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $310.02, for a total value of $199,962.90. Following the completion of the transaction, the executive vice president now owns 639 shares in the company, valued at $198,102.78. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Yvonne Genovese sold 645 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $310.02, for a total transaction of $199,962.90. Following the sale, the executive vice president now owns 639 shares of the company’s stock, valued at $198,102.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eugene A. Hall sold 16,652 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $324.94, for a total value of $5,410,900.88. Following the sale, the chief executive officer now directly owns 1,143,277 shares in the company, valued at approximately $371,496,428.38. The disclosure for this sale can be found here. Insiders sold a total of 28,065 shares of company stock worth $9,126,872 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price target on Gartner from $327.00 to $339.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 17th. The Goldman Sachs Group upped their price target on Gartner from $348.00 to $391.00 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Wells Fargo & Company upped their price target on Gartner from $345.00 to $358.00 in a research note on Thursday, November 3rd. StockNews.com initiated coverage on Gartner in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Robert W. Baird increased their price objective on Gartner from $365.00 to $381.00 in a research report on Wednesday, November 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $336.13.

About Gartner

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Gartner (NYSE:IT)

Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.