American Century Companies Inc. Has $165.67 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

American Century Companies Inc. grew its position in Gartner, Inc. (NYSE:IT - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 341,958 shares of the information technology services provider's stock after purchasing an additional 1,045 shares during the period. American Century Companies Inc. owned approximately 0.44% of Gartner worth $165,668,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Madison Investment Advisors LLC acquired a new stake in shares of Gartner in the 4th quarter worth approximately $244,799,000. Raymond James Financial Inc. acquired a new stake in Gartner in the fourth quarter worth approximately $165,476,000. Fisher Funds Management LTD bought a new position in Gartner during the 4th quarter valued at $97,518,000. Proficio Capital Partners LLC acquired a new position in shares of Gartner during the 4th quarter valued at $95,762,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider's stock worth $131,905,000 after buying an additional 183,974 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IT shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. UBS Group dropped their target price on shares of Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday. Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, January 10th. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. Finally, StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $536.63.

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Gartner Stock Down 1.9 %

Shares of Gartner stock traded down $8.33 during midday trading on Tuesday, hitting $421.46. The company's stock had a trading volume of 1,138,489 shares, compared to its average volume of 394,512. Gartner, Inc. has a 1-year low of $409.50 and a 1-year 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 firm has a market capitalization of $32.38 billion, a P/E ratio of 26.29, a PEG ratio of 3.30 and a beta of 1.29. The stock has a 50-day simple moving average of $501.11 and a 200-day simple moving average of $507.61.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.04 EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John J. Rinello sold 90 shares of the business's stock in a transaction that occurred 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. The trade was 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.

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.