Gartner, Inc. (NYSE:IT) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,886 shares of the information technology services provider’s stock after acquiring an additional 44 shares during the period. Marks Group Wealth Management Inc’s holdings in Gartner were worth $1,753,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IT. Fox Run Management L.L.C. acquired a new position in shares of Gartner in the 3rd quarter valued at approximately $230,000. RFG Advisory LLC grew its stake in shares of Gartner by 37.2% in the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after purchasing an additional 431 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Gartner by 169.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after purchasing an additional 23,701 shares in the last quarter. Chapin Davis Inc. bought a new position in shares of Gartner in the fourth quarter worth $960,000. Finally, Stifel Financial Corp grew its stake in shares of Gartner by 32.6% in the third quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock worth $11,620,000 after purchasing an additional 8,319 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 1.8 %

Shares of NYSE IT traded up $8.13 during mid-day trading on Tuesday, hitting $451.19. 109,597 shares of the company traded hands, compared to its average volume of 387,093. Gartner, Inc. has a 1 year low of $292.60 and a 1 year high of $486.54. The stock has a market capitalization of $35.18 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 4.02 and a beta of 1.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The business has a 50 day moving average of $464.91 and a two-hundred day moving average of $436.38.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating the consensus estimate of $2.83 by $0.21. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. Gartner’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.70 earnings per share. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IT shares. Morgan Stanley increased their price target on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective for the company. UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $484.00 to $550.00 in a report on Thursday, April 11th. Finally, BMO Capital Markets upped their price objective on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Gartner has an average rating of “Hold” and a consensus price target of $477.60.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Gartner news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the transaction, the director now directly owns 638,235 shares of the company’s stock, valued at approximately $290,396,925. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,952 shares of company stock valued at $10,598,070. Company insiders own 3.60% of the company’s stock.

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.