Smartleaf Asset Management LLC Increases Stock Holdings in Gartner, Inc. (NYSE:IT)

Smartleaf Asset Management LLC grew its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 255.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,219 shares of the information technology services provider's stock after acquiring an additional 876 shares during the period. Smartleaf Asset Management LLC's holdings in Gartner were worth $592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IT. Baron Wealth Management LLC grew its holdings 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 worth $244,000 after acquiring an additional 19 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after purchasing an additional 19 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after buying an additional 20 shares during the period. Harbor Capital Advisors Inc. raised its stake in Gartner by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after buying an additional 22 shares in the last quarter. Finally, Western Financial Corp CA raised its stake in Gartner by 1.0% in the fourth quarter. Western Financial Corp CA now owns 2,259 shares of the information technology services provider's stock worth $1,094,000 after buying an additional 23 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

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Gartner Stock Performance

Shares of NYSE:IT traded down $0.90 on Friday, hitting $482.18. 565,998 shares of the company were exchanged, compared to its average volume of 489,185. The firm has a market capitalization of $37.04 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. 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 1-year low of $411.15 and a 1-year high of $584.01. The stock's 50 day moving average price is $509.94 and its 200 day moving average price is $509.98.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly 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. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $3.04 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was 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. This represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IT shares. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Wells Fargo & Company decreased 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. Robert W. Baird lifted their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $552.63.

Gartner Company 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.