XTX Topco Ltd Takes $1.91 Million Position in Gartner, Inc. (NYSE:IT)

XTX Topco Ltd bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,943 shares of the information technology services provider's stock, valued at approximately $1,910,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Gartner by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock worth $4,490,378,000 after buying an additional 100,917 shares during the last quarter. FMR LLC boosted its holdings in shares of Gartner by 8.6% during the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock valued at $1,367,233,000 after acquiring an additional 223,087 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $998,400,000 after acquiring an additional 45,219 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Gartner by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock worth $975,141,000 after purchasing an additional 11,657 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Gartner by 12.7% in the fourth 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 purchasing an additional 187,854 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Shares of Gartner stock traded down $0.60 during trading hours on Friday, hitting $401.69. 443,428 shares of the company's stock traded hands, compared to its average volume of 449,915. The company has a fifty day simple moving average of $451.04 and a 200-day simple moving average of $493.50. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $30.86 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01.

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 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 business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In other Gartner news, 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 value of $587,724.00. Following the completion of the transaction, the director now directly owns 1,627 shares of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John J. Rinello sold 90 shares of the company's 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company lowered their price objective on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. UBS Group lowered their target price on shares of Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. 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. According to MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus target price of $518.00.

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.