767 Shares in Gartner, Inc. (NYSE:IT) Acquired by Haven Private LLC

Haven Private LLC acquired a new stake in Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 767 shares of the information technology services provider's stock, valued at approximately $372,000.

Several other large investors have also made changes to their positions in the business. Kestra Investment Management LLC purchased a new stake in Gartner during the fourth quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in Gartner during the third quarter worth $44,000. True Wealth Design LLC boosted its holdings in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after buying an additional 94 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Gartner during the fourth quarter worth $49,000. Finally, Promus Capital LLC purchased a new stake in Gartner during the fourth quarter worth $57,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Eileen Serra sold 1,200 shares of the firm'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 sale, the director now directly owns 1,627 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the senior vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. Morgan Stanley decreased their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird increased their price objective on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Gartner presently has an average rating of "Moderate Buy" and an average target price of $552.63.

Gartner Price Performance

Shares of NYSE IT traded down $0.90 during mid-day trading on Friday, reaching $482.18. The company's stock had a trading volume of 566,090 shares, compared to its average volume of 489,266. The stock has a 50-day moving average of $509.85 and a two-hundred day moving average of $509.97. The stock has a market capitalization of $37.04 billion, a P/E ratio of 30.08, a P/E/G 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. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results 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 analysts' expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 earnings per share. On average, equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.