SG Americas Securities LLC Raises Stake in Gartner, Inc. (NYSE:IT)

SG Americas Securities LLC lifted its position in Gartner, Inc. (NYSE:IT) by 885.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,905 shares of the information technology services provider’s stock after purchasing an additional 36,756 shares during the quarter. SG Americas Securities LLC’s holdings in Gartner were worth $19,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IT. Dakota Wealth Management raised its stake in Gartner by 3.1% during the 4th quarter. Dakota Wealth Management now owns 11,776 shares of the information technology services provider’s stock valued at $5,705,000 after purchasing an additional 355 shares during the period. Atomi Financial Group Inc. grew its holdings in Gartner by 23.6% during the 4th quarter. Atomi Financial Group Inc. now owns 565 shares of the information technology services provider’s stock valued at $274,000 after buying an additional 108 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Gartner by 101.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,646 shares of the information technology services provider’s stock valued at $4,189,000 after buying an additional 4,361 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Gartner by 10.8% in the fourth quarter. Ballentine Partners LLC now owns 473 shares of the information technology services provider’s stock worth $229,000 after buying an additional 46 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Gartner by 5.9% during the fourth quarter. UMB Bank n.a. now owns 553 shares of the information technology services provider’s stock worth $268,000 after acquiring an additional 31 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In other Gartner news, Director James C. Smith sold 2,450 shares of the business’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 of the company’s stock, valued at $293,893,869.92. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is currently owned by insiders.

Gartner Stock Up 0.0 %

Shares of IT opened at $524.80 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. The company has a market cap of $40.48 billion, a PE ratio of 38.70, a P/E/G ratio of 2.92 and a beta of 1.33. The business has a fifty day moving average of $505.78 and a 200 day moving average of $499.91.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. 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 previous year, the company earned $2.56 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that Gartner, Inc. will post 11.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IT shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $550.75.

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.