Diversified Trust Co Buys 42 Shares of Gartner, Inc. (NYSE:IT)

Diversified Trust Co boosted its stake in Gartner, Inc. (NYSE:IT) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 438 shares of the information technology services provider’s stock after purchasing an additional 42 shares during the quarter. Diversified Trust Co’s holdings in Gartner were worth $212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of Gartner in the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Gartner during the third quarter worth about $44,000. True Wealth Design LLC boosted its position in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC boosted its position in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares during the period. Finally, Asset Dedication LLC boosted 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 buying an additional 47 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, Director James C. Smith sold 17,533 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the transaction, the director now owns 532,294 shares in the company, valued at $291,212,724.46. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claire Herkes sold 411 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,583 shares of company stock worth $19,241,974. Company insiders own 3.60% of the company’s stock.

Gartner Price Performance

NYSE:IT opened at $488.91 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock’s 50 day moving average price is $509.76 and its two-hundred day moving average price is $496.27. The firm has a market capitalization of $37.71 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 3.18 and a beta of 1.33. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $559.00.

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 analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.56 earnings per share. On average, analysts anticipate that Gartner, Inc. will post 11.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley upped 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. Robert W. Baird upped their price objective on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $525.00 to $600.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $551.88.

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.