Three Seasons Wealth LLC Makes New $731,000 Investment in Gartner, Inc. (NYSE:IT)

Three Seasons Wealth LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,509 shares of the information technology services provider's stock, valued at approximately $731,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Gartner by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock valued at $4,490,378,000 after purchasing an additional 100,917 shares in the last quarter. FMR LLC raised its holdings in Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after acquiring an additional 223,087 shares during the last quarter. Geode Capital Management LLC raised its stake in Gartner by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after buying an additional 45,219 shares during the last quarter. Principal Financial Group Inc. grew its position in Gartner by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock valued at $975,141,000 after buying an additional 11,657 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Gartner by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after buying an additional 187,854 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of NYSE:IT traded down $1.48 during trading on Friday, hitting $416.37. 714,574 shares of the stock were exchanged, compared to its average volume of 453,869. The company's fifty day simple moving average is $437.85 and its 200-day simple moving average is $488.82. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 116.56% and a net margin of 20.00%. Gartner's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 EPS. Sell-side analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 90 shares of the business's 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 sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IT. Robert W. Baird decreased their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Barclays cut their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, UBS Group reduced 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, March 25th. 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $513.63.

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.