Royal London Asset Management Ltd. Purchases 3,142 Shares of Gartner, Inc. (NYSE:IT)

Royal London Asset Management Ltd. raised its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 10.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,060 shares of the information technology services provider's stock after acquiring an additional 3,142 shares during the period. Royal London Asset Management Ltd.'s holdings in Gartner were worth $16,017,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Gartner during the fourth quarter valued at $29,000. True Wealth Design LLC increased its position in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Gartner in the 4th quarter worth approximately $49,000. Promus Capital LLC purchased a new position in shares of Gartner in the fourth quarter worth approximately $57,000. Finally, Global Retirement Partners LLC grew its position in Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on IT. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. UBS Group lowered their target price on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Morgan Stanley lowered their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $536.63.

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Gartner Price Performance

NYSE IT traded down $8.33 during trading hours on Tuesday, reaching $421.46. The company's stock had a trading volume of 1,383,646 shares, compared to its average volume of 394,755. 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, Inc. has a 1 year low of $409.50 and a 1 year high of $584.01. The firm's 50-day moving average price is $499.54 and its 200-day moving average price is $507.17. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.30 and a beta of 1.29.

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 for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $3.04 earnings per share. On average, equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the company'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. This represents a 42.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, 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. Insiders own 3.60% of the company's stock.

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.