Gartner, Inc. (NYSE:IT) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 154.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506 shares of the information technology services provider’s stock after purchasing an additional 307 shares during the period. Jones Financial Companies Lllp’s holdings in Gartner were worth $245,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Gartner by 255.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,219 shares of the information technology services provider’s stock valued at $592,000 after buying an additional 876 shares in the last quarter. US Bancorp DE increased its holdings in shares of Gartner by 27.3% in the 4th quarter. US Bancorp DE now owns 6,677 shares of the information technology services provider’s stock valued at $3,235,000 after acquiring an additional 1,431 shares during the last quarter. SVB Wealth LLC acquired a new position in Gartner during the 4th quarter valued at approximately $3,444,000. Private Trust Co. NA boosted its position in Gartner by 9.3% during the 4th quarter. Private Trust Co. NA now owns 307 shares of the information technology services provider’s stock valued at $149,000 after purchasing an additional 26 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Gartner by 31.8% during the 4th quarter. QRG Capital Management Inc. now owns 4,003 shares of the information technology services provider’s stock worth $1,939,000 after acquiring an additional 965 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Down 1.5 %

Gartner stock opened at $459.29 on Thursday. The firm has a 50 day simple moving average of $509.21 and a 200 day simple moving average of $510.21. The firm has a market capitalization of $35.28 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01.

Gartner (NYSE:IT) last announced its earnings results 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. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 earnings per share. On average, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Robert W. Baird lifted their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Finally, Morgan Stanley cut their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Moderate Buy” and a consensus target price of $552.63.

Insider Buying and Selling at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction dated 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 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. Insiders own 3.60% of the company’s stock.

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.