756 Shares in Gartner, Inc. (NYSE:IT) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 756 shares of the information technology services provider's stock, valued at approximately $366,000.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank boosted its position in shares of Gartner by 6.5% in the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after purchasing an additional 1,028 shares in the last quarter. Assetmark Inc. raised its stake in Gartner by 70.0% in the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider's stock worth $2,607,000 after acquiring an additional 2,118 shares during the last quarter. ING Groep NV raised its stake in Gartner by 38.4% in the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider's stock worth $5,223,000 after acquiring an additional 2,860 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in Gartner by 1.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock worth $15,322,000 after acquiring an additional 480 shares during the last quarter. Finally, Barclays PLC raised its stake in Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock worth $84,520,000 after acquiring an additional 13,205 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Performance

Shares of NYSE IT traded down $1.83 during trading on Friday, reaching $515.34. 353,808 shares of the company traded hands, compared to its average volume of 480,360. The firm's fifty day simple moving average is $510.09 and its 200 day simple moving average is $508.44. The stock has a market cap of $39.75 billion, a P/E ratio of 32.15, a PEG ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same period last year, the firm earned $3.04 EPS. The company's quarterly revenue was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,690 shares of company stock worth $2,981,025 in the last ninety days. Company insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IT. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company reduced their target price on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Robert W. Baird raised their target price on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley reduced their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.