Gartner, Inc. (NYSE:IT) Holdings Raised by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P increased its holdings in Gartner, Inc. (NYSE:IT) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,542 shares of the information technology services provider’s stock after buying an additional 385 shares during the period. Gardner Lewis Asset Management L P’s holdings in Gartner were worth $4,623,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. DnB Asset Management AS boosted its stake in Gartner by 6.5% in the fourth quarter. DnB Asset Management AS now owns 13,644 shares of the information technology services provider’s stock valued at $6,610,000 after acquiring an additional 834 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Gartner by 17.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 49,619 shares of the information technology services provider’s stock valued at $24,039,000 after buying an additional 7,435 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Gartner by 3.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 42,636 shares of the information technology services provider’s stock valued at $20,656,000 after purchasing an additional 1,380 shares during the period. New Age Alpha Advisors LLC lifted its holdings in Gartner by 28,040.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 5,628 shares of the information technology services provider’s stock worth $2,727,000 after purchasing an additional 5,608 shares during the period. Finally, Norges Bank acquired a new position in Gartner during the 4th quarter valued at about $460,541,000. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Gartner Stock Down 0.4 %

IT stock opened at $425.11 on Friday. The company has a 50 day moving average of $496.14 and a two-hundred day moving average of $506.04. The company has a market cap of $32.66 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 12-month low of $409.50 and a 12-month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $3.04 EPS. The business’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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird reduced their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company cut their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $536.63.

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.