500 Shares in Gartner, Inc. (NYSE:IT) Purchased by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP acquired a new position in Gartner, Inc. (NYSE:ITFree Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 500 shares of the information technology services provider’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also made changes to their positions in IT. OFI Invest Asset Management acquired a new position in Gartner in the 3rd quarter valued at about $25,000. BKM Wealth Management LLC acquired a new position in Gartner in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC acquired a new position in Gartner in the 2nd quarter valued at about $27,000. VisionPoint Advisory Group LLC raised its stake in Gartner by 254.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in Gartner in the 4th quarter valued at about $29,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Trading Up 0.6 %

NYSE IT opened at $472.13 on Thursday. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The company has a 50-day moving average of $465.16 and a 200-day moving average of $425.77. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $36.81 billion, a P/E ratio of 42.69, a P/E/G ratio of 4.29 and a beta of 1.29.

Gartner (NYSE:ITGet Free Report) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.70 EPS. As a group, equities analysts predict that Gartner, Inc. will post 11.36 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 1,460 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Gartner news, Director James C. Smith sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $470.09, for a total value of $2,350,450.00. Following the completion of the sale, the director now owns 618,235 shares of the company’s stock, valued at $290,626,091.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,952 shares of company stock valued at $10,598,070. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Gartner from $380.00 to $435.00 and gave the company an “overweight” rating in a research note on Friday, December 15th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. BMO Capital Markets upped their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Morgan Stanley upped their price objective on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, UBS Group upped their price objective on shares of Gartner from $412.00 to $490.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $455.25.

Get Our Latest Report on IT

Gartner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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