Gartner, Inc. (NYSE:IT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,063,577 shares of the information technology services provider’s stock after acquiring an additional 45,219 shares during the quarter. Geode Capital Management LLC’s holdings in Gartner were worth $998,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Gartner during the 4th quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in Gartner during the fourth quarter worth about $49,000. Promus Capital LLC acquired a new stake in shares of Gartner during the fourth quarter valued at about $57,000. Global Retirement Partners LLC raised its stake in shares of Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock valued at $134,000 after acquiring an additional 34 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Gartner in the 4th quarter worth approximately $145,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

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

Gartner Stock Up 2.4 %

Shares of NYSE:IT opened at $423.83 on Thursday. Gartner, Inc. has a fifty-two week low of $409.00 and a fifty-two week high of $584.01. The firm’s 50 day moving average price is $488.00 and its 200 day moving average price is $503.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $3.04 EPS. As a group, equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley dropped their price objective 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. Robert W. Baird decreased their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. UBS Group dropped their target price on Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $536.63.

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.