Russell Investments Group Ltd. Boosts Stake in Gartner, Inc. (NYSE:IT)

Russell Investments Group Ltd. boosted its position in Gartner, Inc. (NYSE:IT - Free Report) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 49,728 shares of the information technology services provider's stock after purchasing an additional 6,757 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Gartner worth $24,100,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IT. Principal Financial Group Inc. grew its stake in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after purchasing an additional 103,814 shares during the period. Janus Henderson Group PLC boosted its stake in Gartner by 3.5% in the third quarter. Janus Henderson Group PLC now owns 10,630 shares of the information technology services provider's stock valued at $5,388,000 after acquiring an additional 360 shares during the last quarter. IHT Wealth Management LLC bought a new position in shares of Gartner during the 3rd quarter valued at approximately $218,000. EP Wealth Advisors LLC purchased a new position in Gartner in the third quarter valued at approximately $528,000. Finally, Nomura Asset Management Co. Ltd. increased its position in Gartner by 9.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 41,256 shares of the information technology services provider's stock worth $20,907,000 after buying an additional 3,595 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Transactions at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction that occurred on 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 directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % 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, SVP John J. Rinello sold 90 shares of the firm's stock in a transaction on 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 sale, the senior vice president now directly owns 3,259 shares of the company's stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

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Gartner Trading Up 2.3 %

Shares of NYSE IT traded up $9.33 during midday trading on Monday, hitting $409.21. The company's stock had a trading volume of 94,584 shares, compared to its average volume of 642,276. Gartner, Inc. has a 12-month low of $366.05 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 firm has a market cap of $31.43 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The business's 50 day moving average is $461.38 and its two-hundred day moving average is $496.20.

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 (EPS) 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 company 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 EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IT shares. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays reduced their price objective on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company decreased their target price on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Robert W. Baird decreased their price target on shares of 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 assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Gartner has a consensus rating of "Hold" and a consensus target price of $518.00.

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.