Ossiam Purchases 2,963 Shares of Gartner, Inc. (NYSE:IT)

Ossiam increased its stake in Gartner, Inc. (NYSE:IT - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,163 shares of the information technology services provider's stock after buying an additional 2,963 shares during the quarter. Ossiam's holdings in Gartner were worth $5,408,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Gartner in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Gartner during the fourth quarter worth about $49,000. Promus Capital LLC bought a new stake in shares of Gartner in the 4th quarter worth approximately $57,000. Hurley Capital LLC acquired a new stake in shares of Gartner during the 4th quarter valued at $73,000. Finally, Global Retirement Partners LLC boosted its position in shares of Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IT shares. Barclays decreased their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. UBS Group cut their target price on shares of Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, Robert W. Baird cut their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $513.63.

Insider Buying and Selling at Gartner

In related news, SVP John J. Rinello sold 90 shares of the firm'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 completion of the sale, the senior vice president now owns 3,259 shares of the company's stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Gartner Stock Performance

Shares of NYSE:IT traded up $7.00 during midday trading on Wednesday, reaching $407.31. The company had a trading volume of 433,818 shares, compared to its average volume of 450,651. The company's 50 day moving average price is $441.73 and its 200 day moving average price is $490.55. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The stock has a market cap of $31.29 billion, a P/E ratio of 25.41, a P/E/G ratio of 3.30 and a beta of 1.26.

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, 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 business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last 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 anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.