Caxton Associates LP Buys 80 Shares of Gartner, Inc. (NYSE:IT)

Caxton Associates LP boosted its position in shares of Gartner, Inc. (NYSE:IT) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,571 shares of the information technology services provider’s stock after buying an additional 80 shares during the quarter. Caxton Associates LP’s holdings in Gartner were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Gartner by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider’s stock valued at $4,490,378,000 after purchasing an additional 100,917 shares during the period. FMR LLC boosted its stake in Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock valued at $1,367,233,000 after buying an additional 223,087 shares in the last quarter. Geode Capital Management LLC grew its position in Gartner by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider’s stock valued at $998,400,000 after acquiring an additional 45,219 shares during the period. Principal Financial Group Inc. raised its stake in Gartner by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider’s stock worth $975,141,000 after acquiring an additional 11,657 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Gartner by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider’s stock valued at $805,192,000 after acquiring an additional 187,854 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Gartner Stock Up 1.5 %

NYSE:IT opened at $433.45 on Wednesday. The stock’s fifty day moving average price is $427.26 and its two-hundred day moving average price is $484.00. The company has a market cap of $33.30 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $2.93 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a report on Thursday, May 1st. UBS Group decreased their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Barclays cut their price objective on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $513.50.

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.