Gartner, Inc. (NYSE:IT) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of Gartner, Inc. (NYSE:IT) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,244 shares of the information technology services provider’s stock after buying an additional 868 shares during the period. Quantinno Capital Management LP’s holdings in Gartner were worth $8,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in IT. Barclays PLC increased its holdings in shares of Gartner by 8.6% during the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock worth $84,520,000 after buying an additional 13,205 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after buying an additional 70,236 shares during the last quarter. Signal Advisors Wealth LLC boosted its position in shares of Gartner by 7.4% during the 4th quarter. Signal Advisors Wealth LLC now owns 741 shares of the information technology services provider’s stock worth $359,000 after purchasing an additional 51 shares during the period. Argent Capital Management LLC increased its holdings in Gartner by 9.8% in the 4th quarter. Argent Capital Management LLC now owns 10,785 shares of the information technology services provider’s stock valued at $5,225,000 after purchasing an additional 964 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Gartner in the 4th quarter valued at approximately $450,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the completion of the sale, the chief financial officer now directly owns 77,890 shares of the company’s stock, valued at approximately $35,063,741.30. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following 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. In the last three months, insiders sold 6,001 shares of company stock valued at $2,736,801. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays dropped their target price on shares of Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, April 21st. UBS Group lifted their target price on shares of Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Robert W. Baird dropped their target price on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $518.67.

Gartner Stock Performance

Shares of IT stock opened at $446.40 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The stock has a market capitalization of $34.29 billion, a PE ratio of 27.85, a P/E/G ratio of 3.30 and a beta of 1.24. The firm has a 50 day moving average of $421.17 and a two-hundred day moving average of $480.47.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.72 by $0.26. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.93 EPS. On average, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.