Brighton Jones LLC Buys New Shares in Gartner, Inc. (NYSE:IT)

Brighton Jones LLC acquired a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 637 shares of the information technology services provider's stock, valued at approximately $309,000.

A number of other hedge funds have also modified their holdings of the business. Baron Wealth Management LLC lifted its stake in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after buying an additional 19 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 20 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after purchasing an additional 22 shares during the period. Wallace Advisory Group LLC boosted its holdings in shares of Gartner by 2.4% during the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider's stock worth $440,000 after purchasing an additional 23 shares during the last quarter. Finally, Trust Point Inc. grew its position in shares of Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider's stock valued at $378,000 after purchasing an additional 23 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP William James Wartinbee III sold 189 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 7,311 shares of the company's stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 411 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 over the last three months. Insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Robert W. Baird boosted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a report on Monday. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $550.75.

Gartner Stock Up 0.9 %

Shares of IT stock traded up $4.65 during trading hours on Tuesday, reaching $541.70. The company had a trading volume of 406,521 shares, compared to its average volume of 452,042. 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 business has a fifty day simple moving average of $506.45 and a 200-day simple moving average of $502.61. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The company has a market cap of $41.78 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 EPS. On average, research analysts expect that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

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.