TCW Group Inc. Purchases 12,956 Shares of Gartner, Inc. (NYSE:IT)

TCW Group Inc. boosted its position in Gartner, Inc. (NYSE:ITFree Report) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 219,742 shares of the information technology services provider’s stock after acquiring an additional 12,956 shares during the period. Gartner accounts for 0.9% of TCW Group Inc.’s investment portfolio, making the stock its 29th biggest position. TCW Group Inc.’s holdings in Gartner were worth $106,458,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fisher Funds Management LTD bought a new stake in Gartner in the 4th quarter worth $97,518,000. Olympiad Research LP bought a new stake in shares of Gartner during the 4th quarter valued at about $390,000. Allianz Asset Management GmbH boosted its stake in shares of Gartner by 35.5% during the 4th quarter. Allianz Asset Management GmbH now owns 59,385 shares of the information technology services provider’s stock valued at $28,770,000 after purchasing an additional 15,573 shares in the last quarter. ING Groep NV boosted its stake in shares of Gartner by 153.8% during the 4th quarter. ING Groep NV now owns 26,152 shares of the information technology services provider’s stock valued at $12,670,000 after purchasing an additional 15,846 shares in the last quarter. Finally, Boston Financial Mangement LLC boosted its stake in shares of Gartner by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 23,246 shares of the information technology services provider’s stock valued at $11,262,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock valued at $2,981,025 over the last three months. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IT. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Robert W. Baird lifted their target price 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. Morgan Stanley cut their target price 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $552.63.

Get Our Latest Analysis on Gartner

Gartner Stock Down 3.1 %

Shares of Gartner stock opened at $487.44 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $37.44 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company has a 50-day simple moving average of $509.42 and a two-hundred day simple moving average of $509.30.

Gartner (NYSE:ITGet Free Report) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 earnings per share. On average, analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Gartner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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