Callan Family Office LLC Purchases New Shares in Gartner, Inc. (NYSE:IT)

Callan Family Office LLC acquired a new position in Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 912 shares of the information technology services provider's stock, valued at approximately $442,000.

Several other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in Gartner in the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Gartner during the 3rd quarter valued at approximately $44,000. True Wealth Design LLC raised its position in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Gartner in the fourth quarter worth $49,000. Finally, Promus Capital LLC acquired a new position in shares of Gartner in the fourth quarter worth $57,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

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Gartner Stock Performance

NYSE IT traded down $4.34 during trading hours on Wednesday, hitting $461.96. 29,119 shares of the stock were exchanged, compared to its average volume of 370,796. The company has a market cap of $35.49 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The stock has a 50-day moving average of $509.21 and a 200 day moving average of $510.21. 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 (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.04 earnings per share. As a group, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

IT has been the subject of a number of analyst reports. StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Morgan Stanley lowered 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 note on Thursday, January 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $552.63.

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.