Gartner, Inc. (NYSE:IT) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in Gartner, Inc. (NYSE:IT - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,505 shares of the information technology services provider's stock after purchasing an additional 687 shares during the period. Daiwa Securities Group Inc.'s holdings in Gartner were worth $5,089,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IT. Kestra Investment Management LLC bought a new position in shares of Gartner in the fourth quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Gartner during the 3rd quarter valued at $44,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the 4th quarter valued at $49,000. True Wealth Design LLC lifted its position in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Gartner during the 4th quarter valued at $57,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IT. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Robert W. Baird boosted their target price on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $552.63.

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Gartner Stock Down 1.5 %

IT stock opened at $459.29 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company has a 50-day moving average of $509.21 and a two-hundred day moving average of $510.21. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating 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 firm'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. As a group, equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the firm'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 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. Company 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.

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