US Bancorp DE Boosts Holdings in Gartner, Inc. (NYSE:IT)

US Bancorp DE raised its stake in Gartner, Inc. (NYSE:IT - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,677 shares of the information technology services provider's stock after buying an additional 1,431 shares during the period. US Bancorp DE's holdings in Gartner were worth $3,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of Gartner in the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in Gartner during the third quarter valued at approximately $44,000. True Wealth Design LLC lifted its position in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Gartner during the third quarter valued at approximately $77,000. Finally, Global Retirement Partners LLC lifted its position in Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after acquiring an additional 34 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IT. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Robert W. Baird increased their target price on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley cut their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $552.63.

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Gartner Stock Performance

Gartner stock traded down $0.90 during mid-day trading on Friday, reaching $482.18. 566,090 shares of the company traded hands, compared to its average volume of 489,266. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. 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 capitalization of $37.04 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. The firm's fifty day moving average is $509.85 and its two-hundred day moving average is $510.35.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 earnings per share. On average, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the firm'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 sale, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the firm'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 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. Company insiders own 3.60% of the company's stock.

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.