Gartner, Inc. (NYSE:IT) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC increased its position in shares of Gartner, Inc. (NYSE:IT) by 43.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 177 shares of the information technology services provider’s stock after buying an additional 54 shares during the quarter. Lindbrook Capital LLC’s holdings in Gartner were worth $80,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in shares of Gartner in the third quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in Gartner in the fourth quarter valued at $26,000. VisionPoint Advisory Group LLC lifted its holdings in Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Gartner by 357.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 68 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Trading Up 0.2 %

Gartner stock opened at $451.06 on Thursday. The stock has a market cap of $35.17 billion, a PE ratio of 40.78, a P/E/G ratio of 4.05 and a beta of 1.29. The stock has a 50-day moving average price of $464.99 and a 200 day moving average price of $437.07. Gartner, Inc. has a 52 week low of $292.60 and a 52 week high of $486.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The firm 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 firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 EPS. Equities research analysts predict that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, 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. Insiders sold a total of 22,952 shares of company stock valued at $10,598,070 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IT shares. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Morgan Stanley raised their price target on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target for the company. BMO Capital Markets raised their price target on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. Finally, UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and raised their price target for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and a consensus price target of $477.60.

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.