Gartner, Inc. (NYSE:IT) Shares Bought by Qtron Investments LLC

Qtron Investments LLC increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 10.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,650 shares of the information technology services provider’s stock after acquiring an additional 247 shares during the period. Qtron Investments LLC’s holdings in Gartner were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IT. Czech National Bank grew its position in shares of Gartner by 6.5% in 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 during the period. Entropy Technologies LP acquired a new stake in shares of Gartner in the fourth quarter worth approximately $366,000. D.A. Davidson & CO. increased its position in shares of Gartner by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock worth $551,000 after purchasing an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Gartner by 1.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after purchasing an additional 480 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after purchasing an additional 13,205 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % 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 Price Performance

Shares of NYSE IT opened at $399.84 on Friday. The stock’s 50-day moving average is $461.38 and its two-hundred day moving average is $496.34. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $30.71 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. Analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

IT has been the subject of a number of research reports. Barclays dropped their target price on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a report on Friday, April 4th. UBS Group dropped their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Wells Fargo & Company lowered their target price on Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a report on Wednesday. Robert W. Baird cut their price target on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average target price of $518.00.

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.