Nebula Research & Development LLC Increases Position in Gartner, Inc. (NYSE:IT)

Nebula Research & Development LLC grew its position in Gartner, Inc. (NYSE:IT - Free Report) by 615.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,627 shares of the information technology services provider's stock after acquiring an additional 4,840 shares during the period. Nebula Research & Development LLC's holdings in Gartner were worth $2,726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. Principal Financial Group Inc. lifted its stake in 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 period. Barclays PLC boosted its position in shares of Gartner by 8.6% during the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock worth $84,520,000 after purchasing an additional 13,205 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Gartner in the 3rd quarter valued at about $1,216,000. Pine Valley Investments Ltd Liability Co increased its position in Gartner by 15.6% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 17,146 shares of the information technology services provider's stock valued at $8,689,000 after buying an additional 2,313 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Gartner during the 3rd quarter worth approximately $897,000. Institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

NYSE IT traded down $1.48 during trading hours on Friday, reaching $416.37. 714,574 shares of the company were exchanged, compared to its average volume of 453,869. The stock has a market capitalization of $31.98 billion, a P/E ratio of 25.97, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The business's 50 day simple moving average is $437.85 and its 200-day simple moving average is $488.82.

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

Insiders Place Their Bets

In other Gartner 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 value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IT. Barclays lowered their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Robert W. Baird decreased their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $513.63.

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.