Gartner, Inc. (NYSE:IT) Shares Acquired by Fortem Financial Group LLC

Fortem Financial Group LLC lifted its position in Gartner, Inc. (NYSE:IT) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,847 shares of the information technology services provider’s stock after buying an additional 73 shares during the quarter. Fortem Financial Group LLC’s holdings in Gartner were worth $1,379,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IT. Eastern Bank acquired a new stake in shares of Gartner during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner during the 3rd quarter worth approximately $44,000. True Wealth Design LLC boosted its position in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC grew its stake in shares of Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares in the last quarter. Finally, Asset Dedication LLC increased its position 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 worth $75,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

IT traded up $3.31 during trading on Monday, hitting $489.28. 252,731 shares of the stock were exchanged, compared to its average volume of 302,859. The firm has a market capitalization of $37.74 billion, a P/E ratio of 36.08, a PEG ratio of 3.18 and a beta of 1.31. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The stock has a fifty day moving average price of $511.68 and a two-hundred day moving average price of $494.79. 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 (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 earnings per share. As a group, sell-side analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current year.

Insider Activity at Gartner

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 2,450 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the transaction, the director now directly owns 529,844 shares in the company, valued at approximately $293,893,869.92. This trade represents a 0.46 % 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 worth $19,241,974 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley boosted their price objective on Gartner from $560.00 to $564.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barclays lifted their price target on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report 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 stock an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average price target of $543.75.

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.