Andra AP fonden Has $60.80 Million Stock Position in Gartner, Inc. (NYSE:IT)

Andra AP fonden increased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,500 shares of the information technology services provider's stock after buying an additional 19,900 shares during the quarter. Gartner comprises approximately 1.0% of Andra AP fonden's investment portfolio, making the stock its 10th biggest position. Andra AP fonden owned about 0.16% of Gartner worth $60,801,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IT. Callan Family Office LLC bought a new position in Gartner in the 4th quarter valued at about $442,000. E Fund Management Co. Ltd. boosted its position in shares of Gartner by 15.4% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,729 shares of the information technology services provider's stock worth $1,322,000 after acquiring an additional 365 shares in the last quarter. Candriam S.C.A. increased its stake in Gartner by 18.6% in the fourth quarter. Candriam S.C.A. now owns 7,718 shares of the information technology services provider's stock valued at $3,739,000 after acquiring an additional 1,210 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Gartner during the fourth quarter valued at approximately $165,476,000. Finally, Promus Capital LLC bought a new stake in Gartner during the fourth quarter worth $57,000. Institutional investors own 91.51% of the company's stock.

Insider Activity

In related news, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

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Gartner Trading Down 1.1 %

NYSE:IT traded down $4.98 during trading hours on Tuesday, hitting $466.63. 470,133 shares of the company were exchanged, compared to its average volume of 371,967. The stock has a market capitalization of $35.85 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a one year low of $384.03 and a one year high of $584.01. The company has a fifty day simple moving average of $509.57 and a 200 day simple moving average of $510.31. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (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 the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% 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 period last year, the company earned $3.04 earnings per share. Sell-side analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Morgan Stanley reduced their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $552.63.

Gartner 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.