Czech National Bank Buys 1,028 Shares of Gartner, Inc. (NYSE:IT)

Czech National Bank raised its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,725 shares of the information technology services provider's stock after buying an additional 1,028 shares during the quarter. Czech National Bank's holdings in Gartner were worth $8,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in IT. Baron Wealth Management LLC increased its position in shares of Gartner by 4.1% in the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock worth $244,000 after purchasing an additional 19 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock worth $53,000 after buying an additional 20 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Gartner by 3.0% during the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider's stock valued at $343,000 after buying an additional 22 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Gartner by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after acquiring an additional 22 shares in the last quarter. Finally, Wallace Advisory Group LLC increased its stake in Gartner by 2.4% in the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider's stock valued at $440,000 after acquiring an additional 23 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Claire Herkes sold 411 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares of the company's stock, valued at $778,732.56. This represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William James Wartinbee III sold 189 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,583 shares of company stock worth $19,241,974 over the last 90 days. 3.60% of the stock is currently owned by insiders.

Gartner Trading Up 1.4 %

NYSE:IT opened at $499.80 on Wednesday. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average price of $509.24 and a 200-day moving average price of $497.32. The stock has a market cap of $38.55 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 3.18 and a beta of 1.33.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. Gartner's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.56 EPS. Equities analysts predict that Gartner, Inc. will post 11.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IT. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. Morgan Stanley boosted their price target on shares of Gartner from $560.00 to $564.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus price target of $551.88.

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.