J. Safra Sarasin Holding AG Buys Shares of 5,058 Gartner, Inc. (NYSE:IT)

J. Safra Sarasin Holding AG purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,058 shares of the information technology services provider's stock, valued at approximately $2,450,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Gartner during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in Gartner during the fourth quarter valued at approximately $49,000. Promus Capital LLC purchased a new position in shares of Gartner in the 4th quarter worth $57,000. Hurley Capital LLC purchased a new position in Gartner in the fourth quarter worth about $73,000. Finally, Global Retirement Partners LLC boosted its holdings 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 worth $134,000 after buying an additional 34 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

IT traded down $1.48 on Friday, reaching $416.37. 714,574 shares of the stock were exchanged, compared to its average volume of 452,863. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company's 50-day moving average price is $437.85 and its 200 day moving average price is $489.25. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $31.98 billion, a PE ratio of 25.97, a PEG ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the company earned $3.04 EPS. The firm's revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

IT has been the subject of a number of recent research reports. Barclays cut their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday. Wells Fargo & Company decreased their price target on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. UBS Group reduced their price objective on shares of Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Gartner currently has an average rating of "Hold" and a consensus price target of $513.63.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. 3.60% of the stock is owned by 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.