Gartner, Inc. (NYSE:IT) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,137 shares of the information technology services provider’s stock after acquiring an additional 29 shares during the period. D.A. Davidson & CO.’s holdings in Gartner were worth $551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Gartner during the third quarter worth about $44,000. True Wealth Design LLC grew its holdings in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after buying an additional 94 shares in the last quarter. Fortitude Family Office LLC grew 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 buying an additional 20 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Gartner during the third quarter worth about $77,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Gartner by 20.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 261 shares of the information technology services provider’s stock worth $132,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In other news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % 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 Price Performance

Gartner stock opened at $503.01 on Wednesday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The firm has a 50 day moving average price of $509.46 and a 200 day moving average price of $509.89. The company has a market cap of $38.64 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 3.30 and a beta of 1.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm earned $3.04 earnings per share. Gartner’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of recent research reports. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Robert W. Baird lifted their price target on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $552.63.

About Gartner

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.