Harbor Capital Advisors Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT – Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 917 shares of the information technology services provider’s stock after purchasing an additional 22 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Gartner were worth $444,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of IT. State Street Corp raised its stake in shares of Gartner by 1.1% in the third quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock worth $1,650,697,000 after purchasing an additional 36,258 shares during the last quarter. Geode Capital Management LLC grew its holdings in Gartner by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock worth $1,020,378,000 after buying an additional 36,698 shares in the last quarter. Principal Financial Group Inc. raised its position in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after buying an additional 103,814 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after acquiring an additional 70,236 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Gartner by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock worth $422,678,000 after acquiring an additional 25,315 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.
Gartner Trading Up 1.4 %
Shares of IT opened at $499.80 on Wednesday. The business has a 50-day moving average of $509.24 and a 200 day moving average of $497.32. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $38.55 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 3.18 and a beta of 1.33.
Insider Buying and Selling at Gartner
In other news, EVP Claire Herkes sold 411 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now owns 554,274 shares of the company’s stock, valued at $296,957,838.24. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,583 shares of company stock valued at $19,241,974 in the last three months. Company insiders own 3.60% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Robert W. Baird increased their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Finally, Morgan Stanley raised their target price on Gartner from $560.00 to $564.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. One research 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $551.88.
View Our Latest Analysis on Gartner
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.
Featured Articles
- Five stocks we like better than Gartner
- High Flyers: 3 Natural Gas Stocks for March 2022
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- Transportation Stocks Investing
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- How to trade using analyst ratings
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
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.