E. Ohman J or Asset Management AB Has $1.69 Million Stake in Gartner, Inc. (NYSE:IT)

E. Ohman J or Asset Management AB raised its stake in shares of Gartner, Inc. (NYSE:IT) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,480 shares of the information technology services provider’s stock after buying an additional 530 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Gartner were worth $1,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in Gartner by 2.1% during the fourth quarter. Mather Group LLC. now owns 1,257 shares of the information technology services provider’s stock worth $609,000 after acquiring an additional 26 shares in the last quarter. Longboard Asset Management LP bought a new stake in shares of Gartner in the fourth quarter worth about $209,000. Trust Point Inc. raised its position in shares of Gartner by 16.2% during the fourth quarter. Trust Point Inc. now owns 867 shares of the information technology services provider’s stock worth $420,000 after purchasing an additional 121 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after purchasing an additional 480 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in shares of Gartner by 1.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,288 shares of the information technology services provider’s stock valued at $1,108,000 after purchasing an additional 24 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Price Performance

Shares of NYSE IT opened at $546.38 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $508.97 and a 200-day moving average of $505.61. The stock has a market capitalization of $42.14 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 3.37 and a beta of 1.34. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01.

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, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $3.04 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IT. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Gartner has a consensus rating of “Hold” and an average target price of $550.75.

Insiders Place Their Bets

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $547.09, for a total value of $9,592,128.97. Following the transaction, the director now owns 532,294 shares of the company’s stock, valued at $291,212,724.46. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,583 shares of company stock valued at $13,884,374. 3.60% of the stock is currently owned by corporate 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.