Gartner, Inc. (NYSE:IT) Position Boosted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in Gartner, Inc. (NYSE:IT) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,496 shares of the information technology services provider’s stock after acquiring an additional 33 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Gartner were worth $725,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IT. Howard Capital Management Inc. raised its holdings in shares of Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after acquiring an additional 19 shares during the period. Gilbert & Cook Inc. lifted its holdings in shares of Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after purchasing an additional 20 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Gartner by 2.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after buying an additional 20 shares during the period. Parallel Advisors LLC grew its holdings in shares of Gartner by 2.9% during the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock valued at $357,000 after buying an additional 21 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after buying an additional 22 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on IT shares. Morgan Stanley decreased their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Robert W. Baird decreased their target price on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company lowered their price target 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, Barclays cut their price objective on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $513.63.

Gartner Trading Down 0.4 %

Shares of NYSE:IT opened at $416.37 on Friday. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm has a fifty day moving average price of $437.85 and a 200 day moving average price of $489.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $31.98 billion, a PE ratio of 25.97, a P/E/G ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT) last issued 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. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the firm posted $3.04 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.