Marshall Wace LLP Purchases 6,629 Shares of Gartner, Inc. (NYSE:IT)

Marshall Wace LLP lifted its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 701.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,574 shares of the information technology services provider's stock after purchasing an additional 6,629 shares during the quarter. Marshall Wace LLP's holdings in Gartner were worth $3,669,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IT. Czech National Bank lifted its holdings in shares of Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock valued at $8,103,000 after purchasing an additional 1,028 shares in the last quarter. Entropy Technologies LP purchased a new stake in Gartner in the 4th quarter valued at $366,000. D.A. Davidson & CO. lifted its stake in Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock valued at $551,000 after acquiring an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock worth $15,322,000 after acquiring an additional 480 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Gartner by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock worth $1,637,000 after acquiring an additional 30 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IT. Wells Fargo & Company cut their price target on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Robert W. Baird reduced their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group reduced their price target on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $513.63.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of the company's stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the firm's 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 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 ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Performance

NYSE IT opened at $416.37 on Friday. The company's 50 day moving average is $437.85 and its 200-day moving average is $489.25. The firm has a market cap of $31.98 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 earnings per share. Sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Gartner 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.

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