Itau Unibanco Holding S.A. Purchases 68 Shares of Gartner, Inc. (NYSE:IT)

Itau Unibanco Holding S.A. raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 453.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83 shares of the information technology services provider’s stock after acquiring an additional 68 shares during the period. Itau Unibanco Holding S.A.’s holdings in Gartner were worth $40,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IT. Kestra Investment Management LLC bought a new position in shares of Gartner during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Gartner in the fourth quarter worth about $49,000. Promus Capital LLC bought a new stake in shares of Gartner in the 4th quarter valued at about $57,000. Hurley Capital LLC purchased a new stake in Gartner during the 4th quarter valued at about $73,000. Finally, Global Retirement Partners LLC grew its position in Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 34 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IT has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target 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. Wells Fargo & Company lowered their price target on Gartner from $401.00 to $400.00 and set an “underweight” rating for the company in a research report on Thursday. UBS Group cut their price objective on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Barclays decreased their target price on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $513.50.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 90 shares of the firm’s 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 completion of the sale, the senior vice president now owns 3,259 shares of the company’s stock, 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 the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Performance

Shares of Gartner stock opened at $427.76 on Friday. The business has a fifty day simple moving average of $429.83 and a two-hundred day simple moving average of $485.71. The firm has a market capitalization of $32.86 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01.

Gartner (NYSE:IT) last posted 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. Gartner had a net margin of 20.00% and a return on equity of 116.56%. 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 firm posted $3.04 earnings per share. Gartner’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

About Gartner

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.