BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 20,356 Shares of Gartner, Inc. (NYSE:IT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Gartner, Inc. (NYSE:IT) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 371,868 shares of the information technology services provider’s stock after acquiring an additional 20,356 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.48% of Gartner worth $166,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Gartner during the 4th quarter valued at about $388,781,000. First Trust Advisors LP raised its stake in Gartner by 830.4% in the fourth quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock valued at $231,974,000 after purchasing an additional 458,963 shares in the last quarter. Principal Financial Group Inc. lifted its position in Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after purchasing an additional 341,911 shares during the last quarter. Wellington Management Group LLP grew its stake in Gartner by 12.0% in the 4th quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after buying an additional 198,274 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Gartner by 18.5% in the 4th quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock worth $415,344,000 after buying an additional 143,556 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IT shares. Bank of America lifted their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Robert W. Baird raised their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets upped their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $521.00.

Insider Transactions at Gartner

In related news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Gartner news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the transaction, the executive vice president now owns 1,959 shares in the company, valued at approximately $947,411.58. The disclosure for this sale can be found here. Insiders have sold a total of 33,123 shares of company stock valued at $15,796,036 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Up 1.3 %

Shares of NYSE:IT traded up $6.08 during midday trading on Friday, hitting $491.96. 396,204 shares of the stock traded hands, compared to its average volume of 394,223. The company has a quick ratio of 0.91, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The business’s 50 day moving average is $467.82 and its two-hundred day moving average is $457.68. The stock has a market capitalization of $38.19 billion, a PE ratio of 48.95, a P/E/G ratio of 3.80 and a beta of 1.33. Gartner, Inc. has a one year low of $323.61 and a one year high of $509.15.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $2.85 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that Gartner, Inc. will post 11.58 earnings per share for the current year.

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.