Gartner, Inc. (NYSE:IT) Position Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 23.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,439 shares of the information technology services provider’s stock after purchasing an additional 14,092 shares during the period. BNP Paribas Financial Markets’ holdings in Gartner were worth $35,006,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IT. Norges Bank bought a new stake in Gartner during the fourth quarter valued at $388,781,000. First Trust Advisors LP grew its position in shares of Gartner by 830.4% during the fourth quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock worth $231,974,000 after acquiring an additional 458,963 shares during the last quarter. American Century Companies Inc. grew its position in shares of Gartner by 888.4% during the third quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock worth $103,119,000 after acquiring an additional 269,744 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Gartner by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after acquiring an additional 198,274 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Gartner by 18.5% in the 4th quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock valued at $415,344,000 after buying an additional 143,556 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

NYSE IT traded up $4.26 on Friday, reaching $452.01. The company’s stock had a trading volume of 242,184 shares, compared to its average volume of 402,370. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $35.09 billion, a PE ratio of 44.98, a PEG ratio of 3.96 and a beta of 1.33. The firm’s 50 day moving average is $438.99 and its two-hundred day moving average is $451.98.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm earned $2.88 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts predict that Gartner, Inc. will post 11.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IT. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Saturday, June 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. UBS Group decreased their target price on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Robert W. Baird decreased their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, BMO Capital Markets decreased their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $474.50.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the sale, the director now directly owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Yvonne Genovese sold 439 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $456.13, for a total value of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $893,558.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Smith sold 10,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the sale, the director now directly owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,544 shares of company stock valued at $10,079,813. 3.60% of the stock is currently owned by corporate insiders.

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.