Bull Harbor Capital LLC purchased a new stake in Gartner, Inc. (NYSE:IT – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,980 shares of the information technology services provider’s stock, valued at approximately $789,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. J. Stern & Co. LLP increased its stake in Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after purchasing an additional 1,518,333 shares in the last quarter. Norges Bank acquired a new stake in Gartner during the 4th quarter worth $299,576,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Gartner by 108,812.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after acquiring an additional 1,025,010 shares in the last quarter. Capital International Investors lifted its holdings in Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Gartner by 51.9% in the fourth quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock valued at $477,315,000 after acquiring an additional 646,052 shares during the period. Institutional investors own 91.51% of the company’s stock.
Gartner Trading Down 7.7%
NYSE:IT opened at $152.86 on Friday. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $345.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The business has a 50 day moving average price of $144.80 and a two-hundred day moving average price of $160.01. The company has a market cap of $10.23 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.
Wall Street Analysts Forecast Growth
IT has been the topic of a number of research analyst reports. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. Wells Fargo & Company lowered their target price on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. Morgan Stanley dropped their target price on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Barclays reduced their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Finally, Royal Bank Of Canada dropped their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $173.10.
Check Out Our Latest Analysis on Gartner
About Gartner
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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