T. Rowe Price Investment Management Inc. Buys New Shares in Gartner, Inc. (NYSE:IT)

T. Rowe Price Investment Management Inc. bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 134,655 shares of the information technology services provider's stock, valued at approximately $65,237,000. T. Rowe Price Investment Management Inc. owned approximately 0.17% of Gartner at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of 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 in the last quarter. Barclays PLC boosted its holdings in Gartner by 8.6% in the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after purchasing an additional 13,205 shares in the last quarter. Virtu Financial LLC purchased a new position in Gartner in the third quarter valued at approximately $1,216,000. Pine Valley Investments Ltd Liability Co raised its holdings in Gartner by 15.6% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 17,146 shares of the information technology services provider's stock worth $8,689,000 after purchasing an additional 2,313 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Gartner during the 3rd quarter worth approximately $897,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on IT. Robert W. Baird dropped their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Morgan Stanley cut their target price 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. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. UBS Group cut their price target on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Barclays decreased their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Gartner has an average rating of "Hold" and a consensus target price of $513.63.

Insider Buying and Selling at Gartner

In other news, 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 transaction, the senior vice president now directly owns 3,259 shares of the company's stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The stock was 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 disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Gartner Trading Down 0.4 %

NYSE:IT opened at $416.37 on Friday. 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 stock's 50 day simple moving average is $437.85 and its 200-day simple moving average is $489.25. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The firm has a market cap of $31.98 billion, a P/E ratio of 25.97, a PEG ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The company 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 116.56%. Gartner's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.04 EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Gartner 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.

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