BI Asset Management Fondsmaeglerselskab A S Has $9.76 Million Holdings in Gartner, Inc. (NYSE:IT)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,155 shares of the information technology services provider's stock after buying an additional 6,647 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Gartner were worth $9,764,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Gartner during the fourth quarter worth approximately $460,541,000. Madison Investment Advisors LLC bought a new stake in Gartner in the 4th quarter valued at $244,799,000. Raymond James Financial Inc. bought a new stake in Gartner in the 4th quarter valued at $165,476,000. FMR LLC increased its position in Gartner by 8.6% during the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after buying an additional 223,087 shares during the period. Finally, Fisher Funds Management LTD bought a new position in Gartner during the 4th quarter worth $97,518,000. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IT has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. UBS Group lowered their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Robert W. Baird cut their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $513.63.

Insider Transactions at Gartner

In other news, 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Gartner Price Performance

Shares of IT traded up $11.63 during midday trading on Thursday, hitting $418.12. The company's stock had a trading volume of 574,840 shares, compared to its average volume of 451,146. 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 one year low of $366.05 and a one year high of $584.01. The stock has a market capitalization of $32.12 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The company's fifty day simple moving average is $441.73 and its two-hundred day simple moving average is $490.55.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion for 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 business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.04 earnings per share. As a group, equities analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.