Generali Asset Management SPA SGR Invests $1.60 Million in Gartner, Inc. (NYSE:IT)

Generali Asset Management SPA SGR bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,292 shares of the information technology services provider's stock, valued at approximately $1,595,000.

Several other institutional investors also recently bought and sold shares of IT. Principal Financial Group Inc. increased its holdings 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 in the last quarter. Thrivent Financial for Lutherans raised its holdings in Gartner by 8.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 37,824 shares of the information technology services provider's stock worth $19,168,000 after purchasing an additional 2,875 shares during the period. AMG National Trust Bank acquired a new position in Gartner in the 3rd quarter worth about $207,000. Jennison Associates LLC grew its holdings in Gartner by 15.5% in the third quarter. Jennison Associates LLC now owns 105,769 shares of the information technology services provider's stock valued at $53,599,000 after purchasing an additional 14,167 shares during the period. Finally, Citizens Financial Group Inc. RI increased its position in shares of Gartner by 20.2% in the third quarter. Citizens Financial Group Inc. RI now owns 947 shares of the information technology services provider's stock valued at $480,000 after buying an additional 159 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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Gartner Price Performance

Shares of Gartner stock traded down $8.33 on Tuesday, hitting $421.46. 1,383,646 shares of the company were exchanged, 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 stock has a market capitalization of $32.38 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. The company has a 50-day moving average price of $501.11 and a 200 day moving average price of $507.61.

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

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of the firm's stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. Finally, StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a report on Friday. One equities 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 company. According to MarketBeat.com, Gartner presently has an average rating of "Hold" and an average price target of $536.63.

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.