Gartner, Inc. (NYSE:IT) Stake Increased by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in Gartner, Inc. (NYSE:IT) by 82.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,560 shares of the information technology services provider’s stock after buying an additional 7,492 shares during the period. HighTower Advisors LLC’s holdings in Gartner were worth $1,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Caldera Capital LLC bought a new position in Gartner during the first quarter worth approximately $11,282,000. Southeast Asset Advisors Inc. boosted its position in Gartner by 154.3% in the first quarter. Southeast Asset Advisors Inc. now owns 15,769 shares of the information technology services provider’s stock worth $1,703,000 after buying an additional 9,569 shares in the last quarter. Harbor Advisors LLC acquired a new position in Gartner during the first quarter worth about $270,000. Level Four Advisory Services LLC boosted its position in Gartner by 10.0% in the first quarter. Level Four Advisory Services LLC now owns 5,259 shares of the information technology services provider’s stock worth $571,000 after buying an additional 479 shares in the last quarter. Finally, State Street Corp boosted its position in Gartner by 2.1% in the first quarter. State Street Corp now owns 2,718,707 shares of the information technology services provider’s stock worth $293,593,000 after buying an additional 56,328 shares in the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.

Gartner, Inc. (NYSE IT) traded up 0.81% on Friday, hitting $125.37. The stock had a trading volume of 536,758 shares. The firm has a 50-day moving average of $119.07 and a 200 day moving average of $108.84. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 56.99 and a beta of 1.05. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $126.47.

Gartner (NYSE:IT) last posted its earnings results on Thursday, May 4th. The information technology services provider reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Gartner had a net margin of 7.22% and a return on equity of 954.04%. The business had revenue of $625.17 million for the quarter, compared to analyst estimates of $612.84 million. During the same quarter last year, the business earned $0.67 earnings per share. Gartner’s revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Gartner, Inc. will post $3.48 earnings per share for the current year.

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Several analysts have recently weighed in on the company. Credit Suisse Group restated an “outperform” rating and set a $130.00 price target (up from $124.00) on shares of Gartner in a report on Friday, May 5th. Barclays PLC boosted their price target on Gartner from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 6th. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Tuesday, May 9th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Gartner in a research note on Monday, May 8th. Finally, Royal Bank Of Canada reissued a “top pick” rating and issued a $130.00 price target (up from $124.00) on shares of Gartner in a research note on Monday, May 1st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $118.36.

In other Gartner news, SVP Peter Sondergaard sold 4,172 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $111.90, for a total value of $466,846.80. Following the completion of the transaction, the senior vice president now owns 93,765 shares in the company, valued at $10,492,303.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eugene A. Hall sold 38,800 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $117.86, for a total transaction of $4,572,968.00. Following the transaction, the chief executive officer now owns 1,304,375 shares of the company’s stock, valued at approximately $153,733,637.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,297 shares of company stock worth $5,793,254. 4.40% of the stock is currently owned by insiders.

Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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