Gartner, Inc. (NYSE:IT) Position Lifted by PFG Advisors

PFG Advisors raised its stake in shares of Gartner, Inc. (NYSE:IT) by 48.2% during the fourth quarter, HoldingsChannel reports. The fund owned 3,648 shares of the information technology services provider’s stock after acquiring an additional 1,186 shares during the quarter. PFG Advisors’ holdings in Gartner were worth $1,767,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock worth $1,650,697,000 after buying an additional 36,258 shares during the last quarter. Geode Capital Management LLC lifted its position 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 worth $1,020,378,000 after buying an additional 36,698 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Gartner by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider’s stock worth $975,141,000 after buying an additional 11,657 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after buying an additional 70,236 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Gartner by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock worth $422,678,000 after buying an additional 25,315 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Gartner

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred 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 transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on IT shares. Wells Fargo & Company dropped their price objective 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. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, Morgan Stanley dropped their price objective on shares of 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 assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

Gartner Stock Down 1.5 %

Gartner stock opened at $459.29 on Thursday. The stock has a market cap of $35.28 billion, a price-to-earnings ratio of 28.65, a PEG 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. The company’s 50-day moving average price is $509.21 and its two-hundred day moving average price is $510.21. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate 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 116.56%. Gartner’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $3.04 EPS. On average, analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.