Barclays PLC Purchases 13,205 Shares of Gartner, Inc. (NYSE:IT)

Barclays PLC raised its position in Gartner, Inc. (NYSE:IT) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,787 shares of the information technology services provider’s stock after purchasing an additional 13,205 shares during the period. Barclays PLC owned approximately 0.22% of Gartner worth $84,520,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of Gartner by 9.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 41,256 shares of the information technology services provider’s stock worth $20,907,000 after acquiring an additional 3,595 shares in the last quarter. Northeast Financial Consultants Inc acquired a new stake in Gartner during the 3rd quarter worth approximately $203,000. Orion Portfolio Solutions LLC lifted its stake in Gartner by 5.3% in the third quarter. Orion Portfolio Solutions LLC now owns 23,973 shares of the information technology services provider’s stock valued at $12,149,000 after buying an additional 1,212 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Gartner by 45.4% in the third quarter. National Bank of Canada FI now owns 57,083 shares of the information technology services provider’s stock valued at $28,927,000 after buying an additional 17,837 shares during the period. Finally, iA Global Asset Management Inc. increased its position in shares of Gartner by 3.4% during the third quarter. iA Global Asset Management Inc. now owns 3,977 shares of the information technology services provider’s stock worth $2,015,000 after acquiring an additional 130 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Up 1.1 %

Shares of Gartner stock opened at $518.54 on Thursday. The stock has a market cap of $40.00 billion, a P/E ratio of 38.24, a P/E/G ratio of 3.23 and a beta of 1.31. 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 business’s 50 day moving average is $522.13 and its 200-day moving average is $487.85.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.56 earnings per share. Equities research analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IT shares. Deutsche Bank Aktiengesellschaft boosted their price objective 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. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird lifted their price objective on shares of 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 MarketBeat, Gartner has an average rating of “Hold” and an average price target of $539.25.

Insider Activity at Gartner

In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total value of $5,357,600.00. Following the transaction, the director now directly owns 554,274 shares of the company’s stock, valued at $296,957,838.24. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This represents a 20.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,061 shares of company stock worth $19,483,846. Insiders own 3.60% of the company’s stock.

About 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.