Primecap Management Co. CA Purchases 1,000 Shares of Gartner, Inc. (NYSE:IT)

Primecap Management Co. CA increased its stake in Gartner, Inc. (NYSE:IT - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,800 shares of the information technology services provider's stock after buying an additional 1,000 shares during the period. Primecap Management Co. CA owned 0.14% of Gartner worth $54,164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IT. Kestra Investment Management LLC purchased a new stake in Gartner in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in Gartner in the fourth quarter worth approximately $49,000. True Wealth Design LLC raised its position in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after acquiring an additional 94 shares during the period. Promus Capital LLC bought a new position in Gartner in the fourth quarter worth approximately $57,000. Finally, Global Retirement Partners LLC raised its position in 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 acquiring an additional 34 shares during the period. 91.51% of the stock is owned by institutional investors.

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 shares were 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 approximately $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 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 approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

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Gartner Trading Up 2.7 %

Shares of IT stock traded up $11.26 during trading hours on Friday, reaching $430.03. 1,798,403 shares of the stock were exchanged, compared to its average volume of 392,773. Gartner, Inc. has a 12-month low of $409.50 and a 12-month high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company's 50-day moving average price is $502.37 and its 200-day moving average price is $507.66. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business posted $3.04 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday. Robert W. Baird dropped their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $546.63.

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.