Family Office Research LLC Takes $711,000 Position in Gartner, Inc. (NYSE:IT)

Family Office Research LLC purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,467 shares of the information technology services provider's stock, valued at approximately $711,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after buying an additional 103,814 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Gartner in the 3rd quarter valued at $528,000. Barclays PLC raised its holdings in Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after buying an additional 13,205 shares during the period. Geode Capital Management LLC lifted its position in Gartner by 1.9% in the third 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 buying an additional 36,698 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in Gartner by 10.5% during the third quarter. Coldstream Capital Management Inc. now owns 2,256 shares of the information technology services provider's stock worth $1,148,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IT. Morgan Stanley decreased their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. UBS Group dropped their price objective on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company decreased their price target on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research report on Wednesday. Finally, Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. 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 stock. According to MarketBeat.com, Gartner currently has an average rating of "Hold" and a consensus target price of $518.00.

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Gartner Stock Performance

Shares of IT opened at $392.37 on Friday. The company has a market capitalization of $30.14 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $464.31 and a 200 day moving average price of $497.11.

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

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction 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 trade represents a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

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.

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