BI Asset Management Fondsmaeglerselskab A S Acquires 6,647 Shares of Gartner, Inc. (NYSE:IT)

BI Asset Management Fondsmaeglerselskab A S boosted its stake in Gartner, Inc. (NYSE:IT) by 49.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,155 shares of the information technology services provider’s stock after purchasing an additional 6,647 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Gartner were worth $9,764,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Kestra Investment Management LLC bought a new stake in Gartner during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in Gartner in the fourth quarter worth approximately $49,000. Promus Capital LLC acquired a new position in Gartner in the fourth quarter valued at approximately $57,000. Hurley Capital LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $73,000. Finally, Global Retirement Partners LLC increased its stake in shares of Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock valued at $134,000 after acquiring an additional 34 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IT. Barclays decreased their price target on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Wells Fargo & Company lowered their price objective 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 cut 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus target price of $518.00.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Gartner Trading Down 0.1 %

Shares of IT stock opened at $401.69 on Friday. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The business’s fifty day moving average is $448.64 and its 200 day moving average is $492.71. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $30.86 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $3.04 EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.