Mirae Asset Global Investments Co. Ltd. Has $3.21 Million Holdings in Gartner, Inc. (NYSE:IT)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Gartner, Inc. (NYSE:IT) by 20.6% in the third quarter, Holdings Channel reports. The firm owned 6,303 shares of the information technology services provider’s stock after buying an additional 1,078 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Gartner were worth $3,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Gartner by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after purchasing an additional 2,560 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in shares of Gartner in the 2nd quarter valued at approximately $512,000. Tidal Investments LLC raised its stake in shares of Gartner by 24.4% in the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after acquiring an additional 1,940 shares in the last quarter. Findlay Park Partners LLP raised its stake in shares of Gartner by 5.7% in the 1st quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock valued at $323,240,000 after acquiring an additional 36,400 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Gartner in the 1st quarter valued at approximately $1,049,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Performance

Shares of NYSE IT opened at $518.25 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The business’s 50 day moving average is $505.95 and its two-hundred day moving average is $470.26. The company has a market cap of $40.23 billion, a P/E ratio of 51.57, a P/E/G ratio of 3.25 and a beta of 1.32. Gartner, Inc. has a 12 month low of $324.98 and a 12 month high of $535.29.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm earned $2.85 EPS. Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Gartner, Inc. will post 11.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IT shares. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley raised their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Bank of America raised their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price objective on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. Finally, UBS Group lifted their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $532.86.

Insider Transactions at Gartner

In other news, EVP Akhil Jain sold 400 shares of Gartner 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 sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Akhil Jain sold 400 shares of Gartner 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 sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the sale, the executive vice president now directly owns 1,959 shares in the company, valued at $947,411.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,582 shares of company stock valued at $25,743,407. 3.60% of the stock is owned by corporate insiders.

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.