QRG Capital Management Inc. Purchases 965 Shares of Gartner, Inc. (NYSE:IT)

QRG Capital Management Inc. grew its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 31.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,003 shares of the information technology services provider's stock after purchasing an additional 965 shares during the period. QRG Capital Management Inc.'s holdings in Gartner were worth $1,939,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Baron Wealth Management LLC lifted its position in Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after acquiring an additional 19 shares during the period. Howard Capital Management Inc. lifted its position in Gartner by 4.4% during the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after acquiring an additional 19 shares during the period. Gilbert & Cook Inc. lifted its position in Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after acquiring an additional 20 shares during the period. Harbor Capital Advisors Inc. lifted its position in Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock valued at $444,000 after acquiring an additional 22 shares during the period. Finally, Western Financial Corp CA lifted its position in Gartner by 1.0% during the 4th quarter. Western Financial Corp CA now owns 2,259 shares of the information technology services provider's stock valued at $1,094,000 after acquiring an additional 23 shares during the period. Institutional investors own 91.51% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently issued reports on IT shares. Wells Fargo & Company lowered their price target on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. Morgan Stanley decreased their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Robert W. Baird lifted their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $552.63.

Insider Activity at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 90 shares of the business'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 $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,479 shares of company stock worth $734,419. 3.60% of the stock is owned by company insiders.

Gartner Stock Performance

Shares of IT traded down $10.52 during mid-day trading on Thursday, hitting $479.75. 171,230 shares of the company traded hands, compared to its average volume of 478,726. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day moving average price of $510.05 and a two-hundred day moving average price of $510.17. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The stock has a market cap of $36.85 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 3.30 and a beta of 1.34.

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

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.