Axiom Investors LLC DE Purchases 29,272 Shares of Gartner, Inc. (NYSE:IT)

Axiom Investors LLC DE increased its position in Gartner, Inc. (NYSE:IT - Free Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,335 shares of the information technology services provider's stock after buying an additional 29,272 shares during the quarter. Gartner accounts for 1.1% of Axiom Investors LLC DE's portfolio, making the stock its 23rd largest position. Axiom Investors LLC DE owned about 0.40% of Gartner worth $147,926,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of Gartner during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in Gartner during the 4th quarter worth approximately $49,000. True Wealth Design LLC increased its stake in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after purchasing an additional 94 shares during the period. Promus Capital LLC purchased a new position in Gartner in the 4th quarter worth approximately $57,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Down 5.4 %

Gartner stock traded down $21.84 during trading hours on Friday, hitting $383.12. 995,758 shares of the stock traded hands, compared to its average volume of 435,476. Gartner, Inc. has a one year low of $382.23 and a one year high of $584.01. The firm's 50-day moving average price is $482.71 and its two-hundred day moving average price is $502.19. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $29.43 billion, a PE 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 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 company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. On average, research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IT. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. UBS Group cut their price target on shares of Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Barclays cut their target price on Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Gartner has an average rating of "Hold" and a consensus target price of $525.38.

Insider Buying and Selling at Gartner

In related news, SVP John J. Rinello sold 90 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of Gartner 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 transaction, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. The trade was 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.

Gartner Company 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.