Assenagon Asset Management S.A. Acquires 183,974 Shares of Gartner, Inc. (NYSE:IT)

Assenagon Asset Management S.A. increased its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 208.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 272,267 shares of the information technology services provider's stock after acquiring an additional 183,974 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.35% of Gartner worth $131,905,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of Gartner in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in Gartner in the third quarter valued at about $44,000. True Wealth Design LLC raised its stake in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after buying an additional 94 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after buying an additional 20 shares during the last quarter. Finally, Asset Dedication LLC grew its position in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock worth $75,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Shares of NYSE IT traded up $9.77 during midday trading on Wednesday, hitting $509.57. 501,254 shares of the company's stock were exchanged, compared to its average volume of 424,116. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $39.31 billion, a P/E ratio of 37.58, a PEG ratio of 3.18 and a beta of 1.33. The stock's 50 day moving average price is $508.69 and its 200-day moving average price is $497.40.

Gartner (NYSE:IT - Get Free Report) last released its quarterly 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. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the business posted $2.56 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Gartner, Inc. will post 11.87 EPS for the current year.

Insiders Place Their Bets

In other news, EVP William James Wartinbee III sold 189 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares of the company's stock, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 411 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares of the company's stock, valued at $778,732.56. The trade was 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. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Robert W. Baird upped their price target on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on shares of Gartner from $560.00 to $564.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Wells Fargo & Company dropped their price objective on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Finally, Barclays upgraded 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 report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $551.88.

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.