ProShare Advisors LLC Has $7.45 Million Holdings in Gartner, Inc. (NYSE:IT)

ProShare Advisors LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 11.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,371 shares of the information technology services provider’s stock after purchasing an additional 1,540 shares during the quarter. ProShare Advisors LLC’s holdings in Gartner were worth $7,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cary Street Partners Financial LLC acquired a new position in Gartner during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. raised its position in shares of Gartner by 453.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 68 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Gartner in the 4th quarter worth $49,000. Finally, Promus Capital LLC bought a new position in shares of Gartner in the 4th quarter worth $57,000. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Robert W. Baird reduced their price objective on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Wells Fargo & Company lowered their target price on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a report on Thursday, May 1st. UBS Group raised their price target on shares of Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their price objective on Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $518.67.

Gartner Trading Up 0.3%

Shares of IT stock opened at $447.88 on Monday. 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 company has a market capitalization of $34.41 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The company has a 50-day simple moving average of $420.79 and a two-hundred day simple moving average of $479.56.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.26. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.93 EPS. Research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Craig Safian sold 3,415 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total value of $1,537,330.55. Following the transaction, the chief financial officer now owns 77,890 shares in the company, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 109 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the transaction, the senior vice president now directly owns 3,280 shares of the company’s stock, valued at approximately $1,431,228. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,001 shares of company stock valued at $2,736,801. Insiders own 2.30% of the company’s stock.

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.