Corient Private Wealth LLC Boosts Stake in Gartner, Inc. (NYSE:IT)

Corient Private Wealth LLC raised its stake in Gartner, Inc. (NYSE:IT - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,736 shares of the information technology services provider's stock after purchasing an additional 1,559 shares during the period. Corient Private Wealth LLC owned about 0.16% of Gartner worth $58,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in shares of Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider's stock valued at $1,650,697,000 after acquiring an additional 36,258 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gartner by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider's stock valued at $1,020,378,000 after acquiring an additional 36,698 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Gartner by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock valued at $975,141,000 after acquiring an additional 11,657 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock valued at $525,272,000 after acquiring an additional 70,236 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Gartner by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider's stock worth $422,678,000 after buying an additional 25,315 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird lifted their target price on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $552.63.

Gartner Price Performance

IT stock traded down $31.68 during midday trading on Thursday, hitting $417.75. 1,681,001 shares of the stock were exchanged, compared to its average volume of 387,277. The stock's 50-day moving average price is $505.08 and its 200-day moving average price is $508.72. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01. 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 (NYSE:IT - Get Free Report) last issued its quarterly earnings data 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. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. Gartner's revenue was up 8.1% on a year-over-year basis. Research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Transactions at Gartner

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction 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 completion of the sale, the senior vice president now directly owns 3,259 shares of the company's stock, 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. Insiders own 3.60% of the company's stock.

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.