Harvest Fund Management Co. Ltd Has $326,000 Stock Holdings in Gartner, Inc. (NYSE:IT)

Harvest Fund Management Co. Ltd raised its position in Gartner, Inc. (NYSE:IT) by 94.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 644 shares of the information technology services provider’s stock after purchasing an additional 312 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Gartner were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IT. Dynamic Technology Lab Private Ltd bought a new position in shares of Gartner during the 3rd quarter worth about $651,000. Daiwa Securities Group Inc. raised its position in Gartner by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 9,818 shares of the information technology services provider’s stock worth $4,975,000 after purchasing an additional 1,073 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Gartner by 8.0% during the third quarter. Summit Trail Advisors LLC now owns 947 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 70 shares during the period. Larson Financial Group LLC acquired a new stake in Gartner during the third quarter valued at approximately $441,000. Finally, Cerity Partners LLC grew its stake in shares of Gartner by 166.6% in the 3rd quarter. Cerity Partners LLC now owns 17,168 shares of the information technology services provider’s stock valued at $8,700,000 after purchasing an additional 10,729 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Bank of America boosted their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group upped their price objective on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley boosted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $539.25.

Gartner Price Performance

IT opened at $523.13 on Wednesday. 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 $40.35 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 3.25 and a beta of 1.32. The company’s 50 day simple moving average is $520.24 and its 200-day simple moving average is $482.02. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00.

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 anticipate that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the sale, the executive vice president now owns 1,905 shares in the company, valued at approximately $963,949.05. This represents a 20.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the transaction, the director now directly owns 529,844 shares in the company, valued at $293,893,869.92. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,729 shares of company stock worth $37,809,011 over the last three months. 3.60% of the stock is currently owned by company insiders.

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.