AXQ Capital LP Has $765,000 Stock Position in Gartner, Inc. (NYSE:IT)

AXQ Capital LP lessened its stake in Gartner, Inc. (NYSE:IT) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,579 shares of the information technology services provider’s stock after selling 382 shares during the quarter. AXQ Capital LP’s holdings in Gartner were worth $765,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IT. Principal Financial Group Inc. lifted its holdings in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares during the last quarter. Jennison Associates LLC raised its holdings in Gartner by 15.5% during the 3rd quarter. Jennison Associates LLC now owns 105,769 shares of the information technology services provider’s stock worth $53,599,000 after purchasing an additional 14,167 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Gartner by 20.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 947 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 159 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Gartner in the 3rd quarter valued at $422,000. Finally, Banco Santander S.A. bought a new position in Gartner during the third quarter worth $646,000. 91.51% of the stock is owned by institutional investors.

Gartner Price Performance

NYSE:IT opened at $430.03 on Friday. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $502.37 and a 200 day moving average of $507.66. Gartner, Inc. has a 52-week low of $409.50 and a 52-week high of $584.01.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 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 return on equity of 116.56% and a net margin of 20.00%. Gartner’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 earnings per share. On average, research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Friday. 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. Robert W. Baird decreased their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday. Wells Fargo & Company decreased their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus target price of $546.63.

Insiders Place Their Bets

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred 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 in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. The trade was a 42.45 % 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 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.