Amundi Has $179 Million Stock Position in Gartner, Inc. (NYSE:IT)

Amundi raised its position in Gartner, Inc. (NYSE:IT - Free Report) by 64.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,288 shares of the information technology services provider's stock after purchasing an additional 141,680 shares during the quarter. Amundi owned approximately 0.47% of Gartner worth $178,997,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its holdings in Gartner by 13.3% in the third quarter. Concurrent Investment Advisors LLC now owns 709 shares of the information technology services provider's stock worth $359,000 after buying an additional 83 shares during the last quarter. Principal Financial Group Inc. grew its position in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock worth $1,014,099,000 after acquiring an additional 103,814 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Gartner during the 3rd quarter worth $77,000. Verdence Capital Advisors LLC bought a new position in shares of Gartner during the 3rd quarter valued at $226,000. Finally, Assetmark Inc. raised its holdings in shares of Gartner by 70.0% during the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock valued at $2,607,000 after purchasing an additional 2,118 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Gartner Trading Down 0.2 %

Gartner stock opened at $482.18 on Monday. The business has a 50 day moving average price of $509.85 and a two-hundred day moving average price of $510.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The stock has a market cap of $37.04 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

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Gartner (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period last year, the business earned $3.04 earnings per share. Gartner's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on IT shares. Wells Fargo & Company lowered their target price 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. Robert W. Baird increased their price objective on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently 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.

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