Gartner, Inc. (NYSE:IT) Shares Acquired by Mather Group LLC.

Mather Group LLC. lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,257 shares of the information technology services provider’s stock after buying an additional 26 shares during the period. Mather Group LLC.’s holdings in Gartner were worth $609,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IT. Czech National Bank boosted its stake in shares of Gartner by 6.1% during the third quarter. Czech National Bank now owns 15,697 shares of the information technology services provider’s stock worth $7,955,000 after buying an additional 903 shares during the period. GAMMA Investing LLC boosted its stake in shares of Gartner by 59.0% during the third quarter. GAMMA Investing LLC now owns 1,051 shares of the information technology services provider’s stock worth $533,000 after buying an additional 390 shares during the period. Diversified Trust Co acquired a new stake in shares of Gartner during the third quarter worth about $201,000. Miracle Mile Advisors LLC boosted its stake in shares of Gartner by 15.4% during the third quarter. Miracle Mile Advisors LLC now owns 548 shares of the information technology services provider’s stock worth $278,000 after buying an additional 73 shares during the period. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Gartner during the third quarter worth about $232,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other news, EVP William James Wartinbee III sold 189 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,583 shares of company stock valued at $13,884,374. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IT. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Morgan Stanley cut their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company cut their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $552.63.

Gartner Trading Down 1.1 %

Shares of Gartner stock opened at $541.37 on Thursday. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market cap of $41.76 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34. The company has a 50-day moving average of $509.41 and a two-hundred day moving average of $505.86.

Gartner (NYSE:IT) last issued its 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. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the company posted $3.04 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts anticipate that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

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.