Alpine Group USVI LLC acquired a new position in Gartner Inc (NYSE:IT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,524 shares of the information technology services provider’s stock, valued at approximately $218,000.
A number of other large investors have also modified their holdings of the stock. Ibex Wealth Advisors bought a new stake in Gartner during the second quarter valued at about $40,000. CSat Investment Advisory L.P. raised its position in shares of Gartner by 114.8% during the second quarter. CSat Investment Advisory L.P. now owns 348 shares of the information technology services provider’s stock valued at $56,000 after buying an additional 186 shares during the last quarter. FTB Advisors Inc. acquired a new position in shares of Gartner during the second quarter valued at about $60,000. Point72 Hong Kong Ltd acquired a new position in shares of Gartner during the second quarter valued at about $76,000. Finally, Advisory Services Network LLC raised its position in shares of Gartner by 98.0% during the second quarter. Advisory Services Network LLC now owns 788 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.
In related news, Director Anne Sutherland Fuchs sold 1,828 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $136.75, for a total value of $249,979.00. Following the completion of the transaction, the director now owns 27,237 shares of the company’s stock, valued at $3,724,659.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alwyn Dawkins sold 400 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $133.04, for a total transaction of $53,216.00. Following the completion of the transaction, the executive vice president now directly owns 34,806 shares of the company’s stock, valued at approximately $4,630,590.24. The disclosure for this sale can be found here. Insiders sold 4,499 shares of company stock valued at $601,805 in the last three months. Company insiders own 4.00% of the company’s stock.
Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.27. Gartner had a net margin of 5.43% and a return on equity of 41.29%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Gartner Inc will post 3.51 earnings per share for the current fiscal year.
IT has been the subject of a number of research analyst reports. ValuEngine raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. BMO Capital Markets cut their price objective on shares of Gartner to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, July 31st. Finally, Morgan Stanley cut their price objective on shares of Gartner from $156.00 to $155.00 and set an “equal weight” rating for the company 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 given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $151.00.
Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.
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