Sumitomo Mitsui DS Asset Management Company Ltd Grows Holdings in Gartner, Inc. (NYSE:IT)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,160 shares of the information technology services provider's stock after buying an additional 2,734 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Gartner were worth $5,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baron Wealth Management LLC raised its position in Gartner by 4.1% in the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 19 shares during the period. Fortitude Family Office LLC raised its position in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 20 shares during the period. Gilbert & Cook Inc. raised its position in Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after purchasing an additional 20 shares during the period. Harbor Capital Advisors Inc. raised its position 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 valued at $444,000 after purchasing an additional 22 shares during the period. Finally, Trust Point Inc. raised its position in Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider's stock valued at $378,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Analysts Set New Price Targets

IT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company cut their price objective on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Robert W. Baird boosted their price objective on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of "Hold" and a consensus price target of $552.63.

Gartner Stock Down 1.6 %

NYSE IT traded down $8.10 on Wednesday, hitting $514.02. 503,614 shares of the stock were exchanged, compared to its average volume of 486,750. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01. The company has a market cap of $39.65 billion, a PE ratio of 32.07, a PEG ratio of 3.50 and a beta of 1.34. The company has a 50-day moving average price of $510.12 and a 200-day moving average price of $507.95.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 EPS. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Rinello sold 90 shares of the company's stock in a transaction 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 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 trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,690 shares of company stock worth $2,981,025. 3.60% of the stock is currently owned by insiders.

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.