Vanguard Group Inc. Acquires 100,917 Shares of Gartner, Inc. (NYSE:IT)

Vanguard Group Inc. raised its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,268,639 shares of the information technology services provider's stock after buying an additional 100,917 shares during the quarter. Vanguard Group Inc. owned about 12.02% of Gartner worth $4,490,378,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of Gartner in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in Gartner in the fourth quarter worth about $49,000. True Wealth Design LLC lifted its holdings in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after buying an additional 94 shares during the period. Promus Capital LLC bought a new stake in Gartner during the 4th quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC raised its position in shares of Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after acquiring an additional 34 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Performance

Shares of IT traded down $8.33 during mid-day trading on Tuesday, hitting $421.46. 1,383,646 shares of the company traded hands, compared to its average volume of 394,755. The stock has a market cap of $32.38 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 3.30 and a beta of 1.29. The stock has a 50-day moving average price of $499.54 and a two-hundred day moving average price of $507.17. Gartner, Inc. has a 1 year low of $409.50 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

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Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion during 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 company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IT. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday. Robert W. Baird decreased their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday. UBS Group dropped their price objective on shares of Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research note on Tuesday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus target price of $536.63.

Insider Transactions at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction that occurred 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 trade represents a 42.45 % decrease in their position. The transaction was disclosed in a legal filing 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 on Monday, February 10th. The stock was 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

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.