Private Advisor Group LLC Buys 375 Shares of Gartner, Inc. (NYSE:IT)

Private Advisor Group LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 71.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 901 shares of the information technology services provider’s stock after buying an additional 375 shares during the quarter. Private Advisor Group LLC’s holdings in Gartner were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IT. Eastern Bank purchased a new stake in shares of Gartner during the third quarter worth about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner during the 1st quarter worth approximately $36,000. Crewe Advisors LLC lifted 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 during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares during the last quarter. Finally, Asset Dedication LLC raised its position in Gartner by 46.5% during the 3rd 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 in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In related news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Gartner news, EVP Akhil Jain sold 400 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at $2,346,915. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,899 shares of company stock valued at $24,959,886 in the last quarter. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their target price on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BMO Capital Markets lifted their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. UBS Group boosted their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley boosted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $532.86.

Gartner Stock Up 0.3 %

Gartner stock opened at $505.06 on Tuesday. The company has a market cap of $38.92 billion, a PE ratio of 48.12, a PEG ratio of 3.12 and a beta of 1.32. The business’s 50-day simple moving average is $508.33 and its two-hundred day simple moving average is $471.70. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. Gartner, Inc. has a fifty-two week low of $382.27 and a fifty-two week high of $535.29.

Gartner Company 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.