Candriam S.C.A. Acquires 1,210 Shares of Gartner, Inc. (NYSE:IT)

Candriam S.C.A. grew its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,718 shares of the information technology services provider's stock after buying an additional 1,210 shares during the period. Candriam S.C.A.'s holdings in Gartner were worth $3,739,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Czech National Bank lifted its position in shares of Gartner by 6.5% during the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock valued at $8,103,000 after buying an additional 1,028 shares in the last quarter. Assetmark Inc. lifted its position in shares of Gartner by 70.0% during the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock valued at $2,607,000 after buying an additional 2,118 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Gartner during the 4th quarter valued at about $366,000. D.A. Davidson & CO. lifted its position in shares of Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock valued at $551,000 after buying an additional 29 shares in the last quarter. Finally, ING Groep NV lifted its position in shares of Gartner by 38.4% during the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock valued at $5,223,000 after buying an additional 2,860 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

IT has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley lowered their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $552.63.

Gartner Price Performance

NYSE:IT traded down $4.98 during trading hours on Tuesday, reaching $466.63. The stock had a trading volume of 470,133 shares, compared to its average volume of 372,218. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a 52 week low of $384.03 and a 52 week high of $584.01. The company has a 50 day moving average price of $509.57 and a two-hundred day moving average price of $510.31. The stock has a market capitalization of $35.85 billion, a PE ratio of 29.11, a PEG ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company posted $3.04 EPS. The company's revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the business's 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 owns 1,627 shares of the company's stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 90 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, 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. Corporate 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.