Lbp Am Sa Grows Stock Holdings in Gartner, Inc. (NYSE:IT)

LBP AM SA increased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 869.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,103 shares of the information technology services provider's stock after acquiring an additional 10,854 shares during the period. LBP AM SA's holdings in Gartner were worth $5,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after buying an additional 103,814 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Gartner by 19.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,014 shares of the information technology services provider's stock valued at $514,000 after buying an additional 165 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of Gartner by 5.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 507 shares of the information technology services provider's stock valued at $257,000 after buying an additional 25 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Gartner in the 3rd quarter valued at about $206,000. Finally, Aptus Capital Advisors LLC grew its position in shares of Gartner by 10.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 868 shares of the information technology services provider's stock valued at $440,000 after buying an additional 82 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

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Insider Buying and Selling

In related news, SVP John J. Rinello sold 90 shares of the stock in a transaction 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 sale, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on 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 owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Performance

Shares of NYSE:IT traded up $0.92 during trading on Wednesday, hitting $448.70. 1,095,424 shares of the company were exchanged, compared to its average volume of 381,667. The company has a market cap of $34.47 billion, a PE ratio of 27.99, a P/E/G ratio of 3.30 and a beta of 1.29. The stock has a 50 day moving average of $506.00 and a 200 day moving average of $509.15. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

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 firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business posted $3.04 earnings per share. The business's quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IT shares. Robert W. Baird boosted their price objective on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Wells Fargo & Company reduced their target price on Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, January 10th. Finally, Barclays raised 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Gartner has a consensus rating of "Moderate Buy" and a consensus price target of $552.63.

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.