Gartner, Inc. (NYSE:IT) is EULAV Asset Management's 9th Largest Position

EULAV Asset Management raised its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,800 shares of the information technology services provider's stock after purchasing an additional 39,700 shares during the period. Gartner accounts for approximately 2.5% of EULAV Asset Management's investment portfolio, making the stock its 9th biggest holding. EULAV Asset Management owned about 0.28% of Gartner worth $104,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Czech National Bank boosted its stake in Gartner by 6.1% in the 3rd quarter. Czech National Bank now owns 15,697 shares of the information technology services provider's stock worth $7,955,000 after purchasing an additional 903 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Gartner during the third quarter worth $201,000. Atomi Financial Group Inc. purchased a new stake in shares of Gartner during the third quarter valued at $232,000. CWM LLC increased its position in shares of Gartner by 17.5% in the 3rd quarter. CWM LLC now owns 6,994 shares of the information technology services provider's stock valued at $3,544,000 after acquiring an additional 1,040 shares during the period. Finally, Wedmont Private Capital increased its position in shares of Gartner by 7.9% in the 3rd quarter. Wedmont Private Capital now owns 1,878 shares of the information technology services provider's stock valued at $957,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

NYSE IT traded down $6.92 during mid-day trading on Tuesday, reaching $521.95. 472,772 shares of the stock were exchanged, compared to its average volume of 486,129. The company has a market capitalization of $40.26 billion, a P/E ratio of 32.56, a P/E/G ratio of 3.50 and a beta of 1.34. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50 day moving average is $510.29 and its 200-day moving average is $507.91. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its 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. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company posted $3.04 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IT. Morgan Stanley dropped their price target 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. Robert W. Baird upped their target price on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Gartner currently has a consensus rating of "Hold" and an average target price of $552.63.

Insider Buying and Selling at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of the company's stock in a transaction dated Friday, December 6th. The shares were 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 owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $2,933,279. Company 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.