Gartner, Inc. (NYSE:IT) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in shares of Gartner, Inc. (NYSE:IT) by 42.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,360 shares of the information technology services provider’s stock after purchasing an additional 700 shares during the period. Motley Fool Asset Management LLC’s holdings in Gartner were worth $1,065,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in shares of Gartner in the fourth quarter valued at about $530,000. Syon Capital LLC raised its stake in Gartner by 6.1% during the 4th quarter. Syon Capital LLC now owns 933 shares of the information technology services provider’s stock valued at $421,000 after acquiring an additional 54 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in Gartner by 1,833.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 580 shares of the information technology services provider’s stock worth $262,000 after acquiring an additional 550 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Gartner by 17.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,125 shares of the information technology services provider’s stock valued at $959,000 after purchasing an additional 319 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Gartner by 31.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,543 shares of the information technology services provider’s stock valued at $1,598,000 after purchasing an additional 854 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

Gartner stock traded up $2.47 during mid-day trading on Friday, reaching $448.78. The company had a trading volume of 292,227 shares, compared to its average volume of 386,220. The stock’s 50-day simple moving average is $464.86 and its 200-day simple moving average is $437.23. Gartner, Inc. has a 1 year low of $293.73 and a 1 year high of $486.54. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $34.99 billion, a P/E ratio of 40.35, a P/E/G ratio of 4.14 and a beta of 1.29.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.21. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. Gartner’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $3.70 EPS. On average, equities analysts predict that Gartner, Inc. will post 11.3 EPS for the current year.

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred on 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 transaction, 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 legal 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 company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Akhil Jain sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the sale, the executive vice president now owns 5,239 shares in the company, valued at approximately $2,433,777.45. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock valued at $10,598,070 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IT has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target on the stock. Morgan Stanley raised their price objective on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, UBS Group raised Gartner from a “neutral” rating to a “buy” rating and raised their price target 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $477.60.

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.