Gateway Investment Advisers LLC Invests $450,000 in Gartner, Inc. (NYSE:IT)

Gateway Investment Advisers LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 928 shares of the information technology services provider's stock, valued at approximately $450,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in shares of Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after purchasing an additional 1,028 shares during the period. Assetmark Inc. lifted its holdings in Gartner by 70.0% in the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock worth $2,607,000 after buying an additional 2,118 shares during the period. ING Groep NV increased its stake in shares of Gartner by 38.4% during the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock valued at $5,223,000 after buying an additional 2,860 shares during the period. Barclays PLC raised its holdings in shares of Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after acquiring an additional 13,205 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Gartner by 1,074.8% in the third quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider's stock worth $35,631,000 after acquiring an additional 64,327 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 10,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the sale, the director now directly owns 554,274 shares in the company, valued at approximately $296,957,838.24. The trade was a 1.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 411 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,583 shares of company stock worth $19,241,974. Insiders own 3.60% of the company's stock.

Gartner Stock Up 0.8 %

IT stock traded up $4.28 during trading on Friday, hitting $516.34. 971,178 shares of the stock traded hands, compared to its average volume of 357,370. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 2.72 and a beta of 1.33. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The firm's 50 day moving average is $507.49 and its two-hundred day moving average is $498.39.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.56 earnings per share. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $550.75.

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.