Triasima Portfolio Management inc. Takes Position in Gartner, Inc. (NYSE:IT)

Triasima Portfolio Management inc. acquired a new position in Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,692 shares of the information technology services provider's stock, valued at approximately $3,727,000.

A number of other large investors have also recently made changes to their positions in IT. Eastern Bank bought a new position in Gartner during the third quarter valued at $26,000. Ashton Thomas Securities LLC bought a new position in Gartner in the 3rd quarter worth about $44,000. True Wealth Design LLC increased its position in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after acquiring an additional 94 shares during the period. Fortitude Family Office LLC raised its stake in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 20 shares in the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock valued at $75,000 after purchasing an additional 47 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of NYSE IT traded down $9.23 during midday trading on Tuesday, reaching $519.64. The company had a trading volume of 213,234 shares, compared to its average volume of 476,051. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The business's 50-day simple moving average is $510.16 and its 200 day simple moving average is $507.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market cap of $40.08 billion, a P/E ratio of 32.42, a P/E/G ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 EPS. On average, analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IT. StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. Robert W. Baird boosted their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Gartner presently has a consensus rating of "Hold" and a consensus target price of $552.63.

Insider Activity

In other news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James C. Smith sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the transaction, the director now owns 509,457 shares of the company's stock, valued at approximately $266,965,657.14. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock valued at $2,933,279 in the last ninety days. Insiders own 3.60% 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.