Gilbert & Cook Inc. Grows Position in Gartner, Inc. (NYSE:IT)

Gilbert & Cook Inc. boosted its holdings in Gartner, Inc. (NYSE:IT) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,364 shares of the information technology services provider’s stock after purchasing an additional 20 shares during the quarter. Gilbert & Cook Inc.’s holdings in Gartner were worth $661,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IT. Czech National Bank raised 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 purchasing an additional 1,028 shares in the last quarter. Assetmark Inc. boosted its holdings in Gartner by 70.0% in the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after acquiring an additional 2,118 shares in the last quarter. ING Groep NV boosted its holdings in shares of Gartner by 38.4% during the 3rd 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. Barclays PLC raised its holdings in Gartner by 8.6% in the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after acquiring an additional 13,205 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in shares of Gartner by 1,074.8% in the third quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider’s stock valued at $35,631,000 after purchasing an additional 64,327 shares during the period. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IT. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Robert W. Baird increased their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $550.75.

Gartner Stock Performance

NYSE:IT traded up $10.56 during midday trading on Thursday, reaching $548.55. The stock had a trading volume of 9,883 shares, compared to its average volume of 422,495. The stock has a market cap of $42.31 billion, a P/E ratio of 40.56, a P/E/G ratio of 2.92 and a beta of 1.33. 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 12-month low of $411.15 and a 12-month high of $559.00. The firm has a fifty day simple moving average of $506.85 and a two-hundred day simple moving average of $502.86.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (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 the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $2.56 EPS. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Gartner, Inc. will post 11.87 EPS for the current year.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 17,533 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the transaction, the director now owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,583 shares of company stock valued at $19,241,974 in the last three months. Insiders own 3.60% of the company’s stock.

Gartner 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.