Gartner, Inc. (NYSE:IT) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,750 shares of the information technology services provider’s stock after acquiring an additional 432 shares during the period. Xponance Inc.’s holdings in Gartner were worth $8,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $29,000. True Wealth Design LLC grew its stake in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Gartner in the 4th quarter valued at $49,000. Promus Capital LLC acquired a new stake in Gartner in the 4th quarter valued at $57,000. Finally, Global Retirement Partners LLC grew its stake in 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. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on IT. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird lifted their price target on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Gartner has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction dated 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 owns 1,627 shares in the company, 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. Insiders own 3.60% of the company’s stock.

Gartner Stock Down 3.2 %

NYSE IT opened at $446.75 on Wednesday. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. 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 business’s fifty day simple moving average is $506.00 and its 200-day simple moving average is $509.15. The firm has a market cap of $34.32 billion, a PE ratio of 27.87, a P/E/G ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share 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.