Gartner, Inc. (NYSE:IT) Stock Holdings Lifted by Kendall Capital Management

Kendall Capital Management increased its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,413 shares of the information technology services provider's stock after purchasing an additional 2,116 shares during the quarter. Gartner accounts for 1.1% of Kendall Capital Management's holdings, making the stock its 24th biggest holding. Kendall Capital Management's holdings in Gartner were worth $3,591,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Gartner in the 4th quarter valued at $165,476,000. Fisher Funds Management LTD bought a new position in Gartner in the 4th quarter valued at $97,518,000. Proficio Capital Partners LLC bought a new position in Gartner in the 4th quarter valued at $95,762,000. Assenagon Asset Management S.A. lifted its holdings 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 worth $131,905,000 after buying an additional 183,974 shares during the period. Finally, Amundi lifted its holdings in shares of Gartner by 64.5% in the 4th quarter. Amundi now owns 361,288 shares of the information technology services provider's stock worth $178,997,000 after buying an additional 141,680 shares during the period. Institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IT shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $552.63.

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Insider Activity at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares of the company's stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. 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 business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value 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 $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. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Down 0.2 %

Gartner stock traded down $0.90 during trading on Friday, reaching $482.18. 566,090 shares of the company were exchanged, compared to its average volume of 489,266. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company has a market capitalization of $37.04 billion, a P/E ratio of 30.08, a PEG ratio of 3.30 and a beta of 1.29. 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 stock's 50 day simple moving average is $509.85 and its two-hundred day simple moving average is $510.35.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter last year, the firm earned $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 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.