Intech Investment Management LLC Buys 4,582 Shares of Gartner, Inc. (NYSE:IT)

Intech Investment Management LLC grew its position in Gartner, Inc. (NYSE:IT - Free Report) by 121.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,362 shares of the information technology services provider's stock after acquiring an additional 4,582 shares during the quarter. Intech Investment Management LLC's holdings in Gartner were worth $4,051,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IT. Madison Investment Advisors LLC bought a new position in Gartner during the fourth quarter worth about $244,799,000. Raymond James Financial Inc. bought a new stake in Gartner in the fourth quarter valued at $165,476,000. Fisher Funds Management LTD acquired a new position in Gartner during the fourth quarter worth $97,518,000. Proficio Capital Partners LLC bought a new position in shares of Gartner during the fourth quarter valued at $95,762,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider's stock valued at $131,905,000 after purchasing an additional 183,974 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Trading Down 0.2 %

Shares of IT traded down $0.69 on Monday, reaching $429.69. 685,631 shares of the company's stock were exchanged, compared to its average volume of 394,590. The business has a 50 day moving average price of $502.37 and a two-hundred day moving average price of $507.99. Gartner, Inc. has a 12 month low of $409.50 and a 12 month high of $584.01. The stock has a market capitalization of $33.01 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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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 the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the previous year, the company posted $3.04 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction 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 transaction, the director now directly owns 1,627 shares of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the company's stock in a transaction on Monday, February 10th. The shares were 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 owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. This represents 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IT. Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Robert W. Baird decreased their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday. 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. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Gartner presently has a consensus rating of "Hold" and an average target price of $546.63.

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.