Resonant Capital Advisors LLC Purchases 24 Shares of Gartner, Inc. (NYSE:IT)

Resonant Capital Advisors LLC lifted its position in shares of Gartner, Inc. (NYSE:IT) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,288 shares of the information technology services provider’s stock after acquiring an additional 24 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Gartner were worth $1,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new stake in Gartner in the third quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in Gartner in the third quarter valued at about $44,000. True Wealth Design LLC increased its holdings in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after purchasing an additional 94 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares during the last quarter. Finally, Asset Dedication LLC increased its holdings in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 0.9 %

IT stock opened at $543.26 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $41.90 billion, a P/E ratio of 40.06, a P/E/G ratio of 3.37 and a beta of 1.34. The business has a 50-day moving average of $507.91 and a 200-day moving average of $504.37. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on IT. Robert W. Baird upped their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley lowered their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and a consensus target price of $550.75.

Insider Activity at Gartner

In other Gartner news, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total value of $5,357,600.00. Following the sale, the director now owns 554,274 shares in the company, valued at $296,957,838.24. This represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,583 shares of company stock valued at $19,241,974. Insiders own 3.60% of the company’s stock.

About Gartner

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.