Intech Investment Management LLC Boosts Holdings in Gartner, Inc. (NYSE:IT)

Intech Investment Management LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 121.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,362 shares of the information technology services provider’s stock after buying an additional 4,582 shares during the period. Intech Investment Management LLC’s holdings in Gartner were worth $4,051,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Czech National Bank increased its holdings in Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock worth $8,103,000 after buying an additional 1,028 shares during the last quarter. Entropy Technologies LP purchased a new stake in Gartner during the fourth quarter worth about $366,000. D.A. Davidson & CO. increased its stake in shares of Gartner by 2.6% in the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock worth $551,000 after purchasing an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Gartner by 1.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after purchasing an additional 480 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Gartner by 15.5% in the third 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 in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.2 %

Shares of Gartner stock opened at $448.70 on Thursday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The firm has a market cap of $34.47 billion, a PE ratio of 27.99, a PEG ratio of 3.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day simple moving average of $505.08 and a two-hundred day simple moving average of $508.72.

Gartner (NYSE:IT) last announced 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. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 EPS. Analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

IT has been the subject of several recent research reports. Wells Fargo & Company reduced their target price 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. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird boosted their price objective on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Gartner currently has an average rating of “Moderate Buy” and an average target price of $552.63.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 90 shares of the company’s 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 sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 owns 1,627 shares of the company’s stock, valued at $796,855.79. This represents a 42.45 % 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 company insiders.

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.