Savant Capital LLC Has $535,000 Holdings in Gartner, Inc. (NYSE:IT)

Savant Capital LLC grew its stake in shares of Gartner, Inc. (NYSE:IT) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,104 shares of the information technology services provider’s stock after acquiring an additional 145 shares during the period. Savant Capital LLC’s holdings in Gartner were worth $535,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Baron Wealth Management LLC increased its holdings in shares of Gartner by 4.1% during the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 19 shares during the period. Fortitude Family Office LLC increased its holdings in shares of Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 20 shares during the period. Gilbert & Cook Inc. increased its holdings in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after purchasing an additional 20 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 22 shares during the period. Finally, Trust Point Inc. increased its holdings in shares of Gartner by 3.2% during the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after purchasing an additional 23 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

NYSE IT opened at $515.34 on Monday. The firm’s fifty day moving average price is $510.09 and its two-hundred day moving average price is $508.44. The stock has a market cap of $39.75 billion, a PE ratio of 32.15, a PEG ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two 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.

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

Analysts Set New Price Targets

IT has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Gartner presently has an average rating of “Hold” and an average price target of $552.63.

Insider Transactions at Gartner

In related news, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the sale, the director now owns 509,457 shares of the company’s stock, valued at $266,965,657.14. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,690 shares of company stock worth $2,981,025. Company insiders own 3.60% of the company’s stock.

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.