Gartner, Inc. (NYSE:IT) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in Gartner, Inc. (NYSE:IT) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,534 shares of the information technology services provider’s stock after buying an additional 5,058 shares during the quarter. Handelsbanken Fonder AB’s holdings in Gartner were worth $8,361,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. BKM Wealth Management LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $26,000. AdvisorNet Financial Inc lifted its position in shares of Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 25 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Gartner by 7,500.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Gartner during the third quarter worth about $25,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT opened at $451.06 on Thursday. The business’s fifty day moving average price is $464.99 and its 200 day moving average price is $437.07. Gartner, Inc. has a 12-month low of $292.60 and a 12-month high of $486.54. The stock has a market capitalization of $35.17 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 4.13 and a beta of 1.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. Gartner’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.70 earnings per share. Equities research analysts forecast that Gartner, Inc. will post 11.3 EPS for the current year.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Gartner news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total value of $4,596,800.00. Following the sale, the director now owns 623,235 shares of the company’s stock, valued at $286,488,664.80. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock worth $10,598,070 in the last quarter. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

IT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target on the stock. Morgan Stanley increased their price target on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. BMO Capital Markets increased their price target on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Finally, UBS Group raised Gartner from a “neutral” rating to a “buy” rating and raised their target price for the company from $484.00 to $550.00 in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $477.60.

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.