HighTower Advisors LLC Purchases 2,805 Shares of Gartner, Inc. (NYSE:IT)

HighTower Advisors LLC increased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,313 shares of the information technology services provider's stock after acquiring an additional 2,805 shares during the quarter. HighTower Advisors LLC's holdings in Gartner were worth $14,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IT. Kestra Investment Management LLC bought a new position in shares of Gartner in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. bought a new position in shares of Gartner in the fourth quarter valued at $49,000. True Wealth Design LLC lifted its stake in shares of Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after buying an additional 94 shares in the last quarter. Promus Capital LLC bought a new position in shares of Gartner in the fourth quarter valued at $57,000. Finally, Global Retirement Partners LLC lifted its stake 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 in the last quarter. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Morgan Stanley dropped 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 report on Thursday, January 16th. Wells Fargo & Company dropped their price target 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. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of "Moderate Buy" and a consensus target price of $552.63.

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Gartner Stock Performance

NYSE IT traded down $31.68 during trading hours on Thursday, reaching $417.75. 1,680,338 shares of the company were exchanged, compared to its average volume of 387,276. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The business's 50 day simple moving average is $505.08 and its 200-day simple moving average is $508.72. 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 $32.09 billion, a P/E ratio of 26.06, a P/E/G ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data 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. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company posted $3.04 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner 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 transaction, the senior vice president now owns 3,259 shares of the company's stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

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.