Gartner, Inc. (NYSE:IT) Stock Position Increased by Nebula Research & Development LLC

Nebula Research & Development LLC raised its position in shares of Gartner, Inc. (NYSE:IT) by 615.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,627 shares of the information technology services provider’s stock after purchasing an additional 4,840 shares during the period. Nebula Research & Development LLC’s holdings in Gartner were worth $2,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC acquired a new stake in Gartner in the fourth quarter worth approximately $705,000. Sompo Asset Management Co. Ltd. lifted its stake in Gartner by 1.7% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider’s stock valued at $586,000 after purchasing an additional 20 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Gartner during the fourth quarter worth approximately $65,237,000. Hsbc Holdings PLC lifted its position in shares of Gartner by 7.6% during the 4th quarter. Hsbc Holdings PLC now owns 311,800 shares of the information technology services provider’s stock valued at $151,065,000 after acquiring an additional 21,990 shares during the last quarter. Finally, Fayez Sarofim & Co raised its position in shares of Gartner by 6.0% during the fourth quarter. Fayez Sarofim & Co now owns 338,325 shares of the information technology services provider’s stock worth $163,908,000 after purchasing an additional 19,234 shares during the period. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IT has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Robert W. Baird lowered their price target on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Wells Fargo & Company lowered their price target on shares of Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley lowered their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $513.63.

Gartner Price Performance

NYSE IT opened at $418.12 on Friday. The stock has a market capitalization of $32.12 billion, a PE ratio of 26.08, a P/E/G ratio of 3.30 and a beta of 1.26. The stock has a 50-day simple moving average of $439.79 and a 200 day simple moving average of $489.91. 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, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion for 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%. Gartner’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. Research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eileen Serra sold 1,200 shares of the firm’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 value of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

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.