Gartner, Inc. (NYSE:IT) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 590.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,153 shares of the information technology services provider's stock after buying an additional 167,734 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.25% of Gartner worth $95,030,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IT. Norges Bank acquired a new stake in shares of Gartner in the fourth quarter valued at about $460,541,000. Madison Investment Advisors LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $244,799,000. Raymond James Financial Inc. acquired a new stake in Gartner in the fourth quarter valued at approximately $165,476,000. Fisher Funds Management LTD purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $97,518,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Gartner during the fourth quarter worth $95,762,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IT. Morgan Stanley dropped 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 lowered their target price on Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a research note on Friday. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Finally, UBS Group decreased their price objective on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $525.38.

Gartner Stock Performance

Shares of NYSE:IT traded down $21.84 on Friday, reaching $383.12. 995,758 shares of the company's stock were exchanged, compared to its average volume of 436,285. The business's 50-day moving average is $482.71 and its two-hundred day moving average is $502.15. 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 fifty-two week low of $382.23 and a fifty-two week high of $584.01. The firm has a market capitalization of $29.43 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.30 and a beta of 1.29.

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

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.