Gartner, Inc. (NYSE:IT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 509,206 shares of the information technology services provider’s stock after purchasing an additional 19,195 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Gartner were worth $246,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Gartner in the 4th quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new position in Gartner in the third quarter valued at $44,000. True Wealth Design LLC raised its holdings in shares of Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the fourth quarter worth about $49,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Gartner during the third quarter worth about $77,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gartner

In related news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Down 1.4 %

NYSE:IT opened at $483.64 on Friday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average price of $510.05 and a two-hundred day moving average price of $510.17. The stock has a market capitalization of $37.15 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 3.30 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 net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $3.04 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Morgan Stanley cut their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $552.63.

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.