Gartner, Inc. (NYSE:IT) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA lifted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,424 shares of the information technology services provider's stock after acquiring an additional 970 shares during the period. Unigestion Holding SA owned 0.06% of Gartner worth $23,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. Kestra Investment Management LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Gartner in the fourth quarter valued at $49,000. Promus Capital LLC acquired a new position in Gartner in the fourth quarter valued at $57,000. Hurley Capital LLC acquired a new position in Gartner in the fourth quarter valued at $73,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after purchasing an additional 34 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

Gartner stock traded up $3.96 during trading hours on Friday, reaching $395.99. 220,099 shares of the stock were exchanged, compared to its average volume of 447,535. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The stock has a market cap of $30.42 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm's 50 day moving average is $464.31 and its 200 day moving average is $497.11.

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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 (EPS) for the quarter, topping 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 firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the prior year, the company posted $3.04 earnings per share. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity

In other Gartner news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The shares were 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. The trade was a 42.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated 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 transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

IT has been the subject of several research reports. Morgan Stanley reduced their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Barclays lowered their target price on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. UBS Group reduced their price target on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Finally, Robert W. Baird dropped their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.