Gartner, Inc. (NYSE:IT) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,311 shares of the information technology services provider's stock after purchasing an additional 2,314 shares during the quarter. Mizuho Securities USA LLC's holdings in Gartner were worth $3,542,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IT. Kestra Investment Management LLC purchased a new stake in shares of Gartner in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Gartner in the 4th quarter valued at about $49,000. True Wealth Design LLC lifted its holdings in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Gartner during the fourth quarter worth about $57,000. Finally, Global Retirement Partners LLC raised its position in shares of Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after buying an additional 34 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Down 2.4 %

Shares of NYSE IT traded down $10.16 during midday trading on Tuesday, reaching $419.63. 816,163 shares of the company's stock were exchanged, compared to its average volume of 394,512. The business's fifty day moving average price is $501.11 and its two-hundred day moving average price is $507.61. Gartner, Inc. has a 52-week low of $409.50 and a 52-week high of $584.01. The stock has a market capitalization of $32.24 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

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Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion during 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%. The business's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 earnings per share. Analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the business's 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 transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group reduced their price target on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research note on Tuesday. Wells Fargo & Company decreased their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday. Morgan Stanley cut their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Finally, Robert W. Baird lowered their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Gartner has a consensus rating of "Hold" and an average target price of $536.63.

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.