First Republic Investment Management Inc. Boosts Stock Position in Gartner, Inc. (NYSE:IT)

First Republic Investment Management Inc. increased its stake in shares of Gartner, Inc. (NYSE:ITGet Rating) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,314 shares of the information technology services provider’s stock after purchasing an additional 2,099 shares during the quarter. First Republic Investment Management Inc.’s holdings in Gartner were worth $21,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. US Bancorp DE increased its position in Gartner by 6.0% during the 1st quarter. US Bancorp DE now owns 2,563 shares of the information technology services provider’s stock worth $762,000 after purchasing an additional 144 shares in the last quarter. Aviva PLC boosted its stake in Gartner by 53.3% in the 1st quarter. Aviva PLC now owns 42,028 shares of the information technology services provider’s stock worth $12,502,000 after buying an additional 14,618 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Gartner by 9.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 27,043 shares of the information technology services provider’s stock worth $8,044,000 after buying an additional 2,347 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Gartner by 25.2% in the 1st quarter. Allianz Asset Management GmbH now owns 98,889 shares of the information technology services provider’s stock worth $29,415,000 after buying an additional 19,892 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Gartner by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock worth $2,736,085,000 after buying an additional 102,709 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling

In other Gartner news, EVP Michael Patrick Diliberto sold 1,270 shares of Gartner stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $343.41, for a total transaction of $436,130.70. Following the sale, the executive vice president now directly owns 12,966 shares in the company, valued at approximately $4,452,654.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Gartner news, EVP Michael Patrick Diliberto sold 1,270 shares of Gartner stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $343.41, for a total transaction of $436,130.70. Following the sale, the executive vice president now directly owns 12,966 shares in the company, valued at approximately $4,452,654.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig Safian sold 1,814 shares of Gartner stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $318.66, for a total value of $578,049.24. Following the sale, the chief financial officer now owns 57,030 shares in the company, valued at $18,173,179.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,756 shares of company stock valued at $10,065,089. Corporate insiders own 3.70% of the company’s stock.

Gartner Stock Performance

Gartner stock opened at $332.93 on Wednesday. The stock’s 50 day moving average price is $338.82 and its 200 day moving average price is $307.63. The firm has a market capitalization of $26.31 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 3.35 and a beta of 1.36. Gartner, Inc. has a one year low of $221.39 and a one year high of $358.25.

Gartner (NYSE:ITGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The information technology services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $1.85 by $0.56. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.27 billion. Gartner had a return on equity of 1,234.18% and a net margin of 14.41%. On average, analysts forecast that Gartner, Inc. will post 10.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company raised their price target on Gartner from $358.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 13th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird raised their price target on Gartner from $365.00 to $381.00 in a research note on Wednesday, November 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price target on shares of Gartner in a research note on Tuesday, October 25th. Finally, Barclays lifted their price objective on Gartner from $330.00 to $350.00 and gave the company an “equal weight” rating in a research note on Friday, December 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Gartner currently has a consensus rating of “Moderate Buy” and a consensus price target of $344.38.

About Gartner

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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