Apollon Wealth Management LLC Has $518,000 Holdings in Gartner, Inc. (NYSE:IT)

Apollon Wealth Management LLC boosted its stake in Gartner, Inc. (NYSE:IT) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,069 shares of the information technology services provider’s stock after purchasing an additional 55 shares during the quarter. Apollon Wealth Management LLC’s holdings in Gartner were worth $518,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. CX Institutional grew its position in Gartner by 2.0% in the third quarter. CX Institutional now owns 1,197 shares of the information technology services provider’s stock valued at $607,000 after acquiring an additional 24 shares during the last quarter. Creative Planning grew its position in Gartner by 13.9% in the third quarter. Creative Planning now owns 10,735 shares of the information technology services provider’s stock valued at $5,440,000 after acquiring an additional 1,307 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 47 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Gartner by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 10,134 shares of the information technology services provider’s stock worth $5,136,000 after purchasing an additional 182 shares during the last quarter. Finally, Hengehold Capital Management LLC grew its holdings in shares of Gartner by 27.0% during the third quarter. Hengehold Capital Management LLC now owns 598 shares of the information technology services provider’s stock worth $303,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT opened at $517.03 on Friday. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50 day moving average price is $510.12 and its two-hundred day moving average price is $507.95. The firm has a market cap of $39.88 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the firm earned $3.04 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the transaction, the director now directly owns 509,457 shares of the company’s stock, valued at $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,690 shares of company stock valued at $2,981,025. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on IT. Morgan Stanley reduced their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus price target of $552.63.

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.