XTX Topco Ltd Acquires New Shares in Gartner, Inc. (NYSE:IT)

XTX Topco Ltd bought a new position in shares of Gartner, Inc. (NYSE:IT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,943 shares of the information technology services provider’s stock, valued at approximately $1,910,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Gartner during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Gartner in the 4th quarter valued at $49,000. Promus Capital LLC acquired a new stake in shares of Gartner during the 4th quarter valued at $57,000. Hurley Capital LLC bought a new stake in Gartner during the 4th quarter worth $73,000. Finally, Global Retirement Partners LLC increased its holdings 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 worth $134,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the topic of a number of recent research reports. UBS Group cut their price target on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Barclays lowered their price target 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. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Wells Fargo & Company dropped their target price on shares of Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One 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. According to MarketBeat, Gartner presently has an average rating of “Hold” and a consensus target price of $518.00.

Gartner Stock Up 2.0 %

Shares of NYSE IT opened at $399.84 on Monday. 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 50-day moving average price of $461.38 and a 200-day moving average price of $496.20. The stock has a market capitalization of $30.71 billion, a P/E ratio of 24.94, a P/E/G 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 released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. This represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Gartner Company 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.