Gartner, Inc. (NYSE:IT) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its stake in shares of Gartner, Inc. (NYSE:IT) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 565 shares of the information technology services provider’s stock after purchasing an additional 108 shares during the quarter. Atomi Financial Group Inc.’s holdings in Gartner were worth $274,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in Gartner by 1.1% in the third quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock worth $1,650,697,000 after purchasing an additional 36,258 shares during the period. Geode Capital Management LLC grew its stake in shares of Gartner by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock valued at $1,020,378,000 after buying an additional 36,698 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after purchasing an additional 103,814 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Gartner by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after purchasing an additional 70,236 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Gartner by 3.3% during the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock valued at $422,678,000 after acquiring an additional 25,315 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of IT stock opened at $528.99 on Monday. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $40.80 billion, a P/E ratio of 39.01, a P/E/G ratio of 2.92 and a beta of 1.33. The company has a fifty day moving average price of $505.64 and a two-hundred day moving average price of $501.37.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $2.56 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Gartner, Inc. will post 11.87 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Claire Herkes sold 411 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the transaction, the executive vice president now directly owns 1,494 shares in the company, valued at $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Gartner presently has a consensus rating of “Hold” and an average target price of $550.75.

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.