Metis Global Partners LLC Has $1.77 Million Stake in Gartner, Inc. (NYSE:IT)

Metis Global Partners LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,488 shares of the information technology services provider’s stock after selling 41 shares during the quarter. Metis Global Partners LLC’s holdings in Gartner were worth $1,768,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IT. KBC Group NV raised its position in Gartner by 6.2% during the third quarter. KBC Group NV now owns 12,186 shares of the information technology services provider’s stock valued at $6,175,000 after buying an additional 716 shares during the period. Haverford Trust Co increased its holdings in shares of Gartner by 27.5% in the 3rd quarter. Haverford Trust Co now owns 942 shares of the information technology services provider’s stock valued at $477,000 after purchasing an additional 203 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of Gartner by 10.4% in the third quarter. Aptus Capital Advisors LLC now owns 868 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 82 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Gartner in the third quarter worth approximately $206,000. Finally, Prime Capital Investment Advisors LLC grew its position in Gartner by 5.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 507 shares of the information technology services provider’s stock valued at $257,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. This represents a 2.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares in the company, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,172 shares of company stock valued at $38,023,255. 3.60% of the stock is owned by insiders.

Gartner Stock Performance

Gartner stock opened at $522.77 on Friday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The company has a market cap of $40.28 billion, a PE ratio of 38.55, a PEG ratio of 3.45 and a beta of 1.32. 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 company’s 50-day moving average is $518.32 and its two-hundred day moving average is $477.49.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share 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 net margin of 17.33% and a return on equity of 118.27%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 earnings per share. Equities analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their price target on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. UBS Group boosted their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $539.25.

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.