Commonwealth Equity Services LLC Grows Stock Holdings in Gartner, Inc. (NYSE:IT)

Commonwealth Equity Services LLC increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,379 shares of the information technology services provider’s stock after purchasing an additional 30 shares during the period. Commonwealth Equity Services LLC’s holdings in Gartner were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Kestra Investment Management LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $29,000. True Wealth Design LLC boosted its holdings in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after buying an additional 94 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Gartner during the fourth quarter valued at $49,000. Promus Capital LLC purchased a new position in Gartner in the fourth quarter valued at $57,000. Finally, Global Retirement Partners LLC raised its position in shares of Gartner by 14.0% in the fourth 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 period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on IT. Morgan Stanley dropped their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Robert W. Baird dropped their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. UBS Group dropped their price target 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. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $536.63.

Gartner Trading Down 1.5 %

Shares of IT opened at $418.57 on Friday. Gartner, Inc. has a 52-week low of $409.50 and a 52-week high of $584.01. The stock has a market cap of $32.15 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. The firm’s fifty day moving average is $494.18 and its two-hundred day moving average is $505.57. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Insider Transactions at Gartner

In other news, 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 transaction of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John J. Rinello sold 90 shares of the company’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 sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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.