Gartner, Inc. (NYSE:IT) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its position in Gartner, Inc. (NYSE:IT) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,464 shares of the information technology services provider’s stock after acquiring an additional 82 shares during the quarter. Signaturefd LLC’s holdings in Gartner were worth $709,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IT. Madison Investment Advisors LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $244,799,000. Raymond James Financial Inc. acquired a new stake in Gartner in the fourth quarter valued at approximately $165,476,000. Fisher Funds Management LTD acquired a new stake in Gartner in the fourth quarter valued at approximately $97,518,000. Proficio Capital Partners LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $95,762,000. Finally, Assenagon Asset Management S.A. raised its holdings in Gartner by 208.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after acquiring an additional 183,974 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In related 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 transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of Gartner 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 completion of the transaction, 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. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $448.70 on Thursday. The firm’s fifty day simple moving average is $505.08 and its 200-day simple moving average is $508.72. The stock has a market capitalization of $34.47 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The business 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%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 EPS. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IT. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley cut 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. Robert W. Baird raised their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $552.63.

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.