Aigen Investment Management LP Purchases 4,719 Shares of Gartner, Inc. (NYSE:IT)

Aigen Investment Management LP lifted its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 1,159.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,126 shares of the information technology services provider's stock after acquiring an additional 4,719 shares during the period. Aigen Investment Management LP's holdings in Gartner were worth $2,483,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Czech National Bank increased its position 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 acquiring an additional 1,028 shares in the last quarter. Assetmark Inc. increased its position in shares of Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock worth $2,607,000 after acquiring an additional 2,118 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Gartner during the fourth quarter worth $366,000. D.A. Davidson & CO. increased its position in shares of Gartner by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock worth $551,000 after acquiring an additional 29 shares in the last quarter. Finally, ING Groep NV grew its position in Gartner by 38.4% in 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 purchasing an additional 2,860 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

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Insider Transactions at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of 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 disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Performance

IT stock traded down $0.90 during trading hours on Friday, reaching $482.18. The stock had a trading volume of 566,090 shares, compared to its average volume of 489,266. The stock has a market capitalization of $37.04 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50-day simple moving average of $509.85 and a 200 day simple moving average of $509.97. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 earnings per share. Analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on IT. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Morgan Stanley decreased their target price on shares of 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 raised shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $552.63.

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.