Tudor Investment Corp ET AL Takes Position in Gartner, Inc. (NYSE:IT)

Tudor Investment Corp ET AL purchased a new position in shares of Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 48,289 shares of the information technology services provider’s stock, valued at approximately $23,395,000.

A number of other institutional investors have also recently bought and sold shares of the business. Kestra Investment Management LLC bought a new position in shares of Gartner during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the fourth quarter worth $49,000. Promus Capital LLC bought a new stake in shares of Gartner in the fourth quarter valued at about $57,000. Hurley Capital LLC acquired a new position in shares of Gartner in the fourth quarter valued at about $73,000. Finally, Global Retirement Partners LLC raised its stake in Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, 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 disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $416.37 on Monday. The company’s 50 day moving average price is $437.85 and its two-hundred day moving average price is $488.82. The firm has a market capitalization of $31.98 billion, a P/E ratio of 25.97, a P/E/G ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week 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 issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the company posted $3.04 EPS. Gartner’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on IT shares. UBS Group decreased their target price on shares of Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Barclays lowered their price objective on Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their price target on Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $513.63.

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.