Trust Point Inc. Acquires 121 Shares of Gartner, Inc. (NYSE:IT)

Trust Point Inc. boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 867 shares of the information technology services provider’s stock after buying an additional 121 shares during the period. Trust Point Inc.’s holdings in Gartner were worth $420,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Czech National Bank boosted its stake in Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after buying an additional 1,028 shares during the period. Assetmark Inc. boosted its stake in Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock valued at $2,607,000 after buying an additional 2,118 shares during the period. ING Groep NV lifted its stake in Gartner by 38.4% during the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock worth $5,223,000 after purchasing an additional 2,860 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after purchasing an additional 480 shares during the last quarter. Finally, Barclays PLC lifted its stake in Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock worth $84,520,000 after purchasing an additional 13,205 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Gartner has a consensus rating of “Hold” and an average price target of $552.63.

Insider Activity at Gartner

In other Gartner news, Director James C. Smith sold 17,533 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the transaction, the director now owns 532,294 shares in the company, valued at approximately $291,212,724.46. This represents a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the company’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 value of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,583 shares of company stock worth $13,884,374 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Gartner Trading Down 1.1 %

NYSE IT opened at $541.37 on Thursday. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01. 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 stock has a 50-day moving average of $509.41 and a 200-day moving average of $505.86. The firm has a market cap of $41.76 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $3.04 EPS. Gartner’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Gartner, Inc. will post 11.87 EPS for the current year.

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.