Gartner, Inc. (NYSE:IT) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,599 shares of the information technology services provider's stock after acquiring an additional 473 shares during the period. Blue Trust Inc.'s holdings in Gartner were worth $810,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Czech National Bank lifted its holdings in Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock valued at $8,103,000 after acquiring an additional 1,028 shares during the period. Assetmark Inc. lifted its stake in shares of Gartner by 70.0% in the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock valued at $2,607,000 after purchasing an additional 2,118 shares during the period. ING Groep NV boosted its holdings in Gartner by 38.4% during the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock worth $5,223,000 after buying an additional 2,860 shares in the last quarter. Barclays PLC grew its position in Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after buying an additional 13,205 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in Gartner by 1,074.8% in the third quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider's stock valued at $35,631,000 after buying an additional 64,327 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the transaction, the director now owns 529,844 shares of the company's stock, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares of the company's stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IT shares. Robert W. Baird increased their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Finally, StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $550.75.

Gartner Price Performance

IT traded up $13.10 during trading on Thursday, reaching $551.09. The company's stock had a trading volume of 206,432 shares, compared to its average volume of 432,725. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.92 and a beta of 1.33. The firm has a fifty day simple moving average of $506.85 and a two-hundred day simple moving average of $502.86. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $2.56 earnings per share. The firm's revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Gartner, Inc. will post 11.87 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.