Signaturefd LLC Has $544,000 Position in Gartner, Inc. (NYSE:IT)

Signaturefd LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,207 shares of the information technology services provider’s stock after purchasing an additional 41 shares during the period. Signaturefd LLC’s holdings in Gartner were worth $544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC grew its holdings in Gartner by 204.4% during the 3rd quarter. Global Retirement Partners LLC now owns 137 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 92 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Gartner during the 3rd quarter worth $212,000. Private Trust Co. NA grew its holdings in Gartner by 32.9% during the 3rd quarter. Private Trust Co. NA now owns 202 shares of the information technology services provider’s stock worth $69,000 after acquiring an additional 50 shares during the period. Czech National Bank grew its holdings in Gartner by 47.3% during the 3rd quarter. Czech National Bank now owns 13,777 shares of the information technology services provider’s stock worth $4,734,000 after acquiring an additional 4,421 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Gartner by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 89,366 shares of the information technology services provider’s stock worth $30,768,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Gartner news, EVP Akhil Jain sold 250 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the sale, the executive vice president now directly owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Valentin Sribar sold 682 shares of the business’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 transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akhil Jain sold 250 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now owns 5,239 shares in the company, valued at $2,433,777.45. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Up 0.2 %

IT opened at $451.06 on Thursday. The stock has a market capitalization of $35.17 billion, a P/E ratio of 40.78, a P/E/G ratio of 4.13 and a beta of 1.29. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The firm’s fifty day simple moving average is $464.99 and its 200 day simple moving average is $437.07. 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, beating the consensus estimate of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm posted $3.70 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Gartner, Inc. will post 11.3 EPS for the current fiscal year.

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.