JPMorgan Chase & Co. Has $525.27 Million Holdings in Gartner, Inc. (NYSE:IT)

JPMorgan Chase & Co. raised its stake in shares of Gartner, Inc. (NYSE:IT) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,036,530 shares of the information technology services provider’s stock after purchasing an additional 70,236 shares during the quarter. JPMorgan Chase & Co. owned 1.34% of Gartner worth $525,272,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. State Street Corp increased its holdings in Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock valued at $1,650,697,000 after buying an additional 36,258 shares during the period. Geode Capital Management LLC boosted its position in shares of Gartner by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock valued at $1,020,378,000 after acquiring an additional 36,698 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after purchasing an additional 103,814 shares during the period. Franklin Resources Inc. lifted its stake in Gartner by 3.3% during the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock worth $422,678,000 after purchasing an additional 25,315 shares during the period. Finally, Sustainable Growth Advisers LP acquired a new stake in Gartner during the second quarter valued at approximately $266,541,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

IT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays increased their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price objective on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $543.75.

Gartner Price Performance

Shares of IT stock opened at $486.96 on Friday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm’s 50 day moving average is $515.35 and its 200-day moving average is $492.75. The firm has a market capitalization of $37.56 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.24 and a beta of 1.31.

Gartner (NYSE:IT) last announced its quarterly earnings data 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 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 business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $2.56 EPS. Sell-side analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the transaction, the director now owns 529,844 shares in the company, valued at $293,893,869.92. This 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 three months. 3.60% of the stock is currently owned by company insiders.

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.