Cibc World Markets Corp Increases Stock Holdings in Gartner, Inc. (NYSE:IT)

Cibc World Markets Corp lifted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,144 shares of the information technology services provider's stock after buying an additional 1,688 shares during the period. Cibc World Markets Corp's holdings in Gartner were worth $5,883,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Gartner in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new position in Gartner in the 4th quarter worth about $49,000. True Wealth Design LLC increased its holdings in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after purchasing an additional 94 shares in the last quarter. Promus Capital LLC acquired a new position in Gartner in the 4th quarter worth about $57,000. Finally, Global Retirement Partners LLC increased its holdings in Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird decreased their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Morgan Stanley decreased their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $546.63.

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Gartner Trading Up 2.7 %

Shares of Gartner stock traded up $11.26 on Friday, hitting $430.03. 1,798,403 shares of the company's stock traded hands, compared to its average volume of 393,415. Gartner, Inc. has a one year low of $409.50 and a one year high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a fifty day moving average of $502.37 and a two-hundred day moving average of $507.84. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

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

Insiders Place Their Bets

In related news, Director Eileen Serra sold 1,200 shares of Gartner 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 $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John J. Rinello sold 90 shares of Gartner 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. The trade was 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.