740 Shares in Gartner, Inc. (NYSE:IT) Bought by Impact Capital Partners LLC

Impact Capital Partners LLC bought a new position in Gartner, Inc. (NYSE:IT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 740 shares of the information technology services provider’s stock, valued at approximately $359,000.

A number of other hedge funds have also modified their holdings of IT. Raymond James Financial Inc. acquired a new position in shares of Gartner in the 4th quarter worth $165,476,000. Fisher Funds Management LTD acquired a new position in shares of Gartner in the 4th quarter worth $97,518,000. Proficio Capital Partners LLC acquired a new position in shares of Gartner in the 4th quarter worth $95,762,000. Assenagon Asset Management S.A. grew its holdings in shares of Gartner by 208.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after buying an additional 183,974 shares in the last quarter. Finally, Amundi grew its holdings in shares of Gartner by 64.5% during the fourth quarter. Amundi now owns 361,288 shares of the information technology services provider’s stock valued at $178,997,000 after buying an additional 141,680 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

Shares of NYSE:IT opened at $451.83 on Friday. The business has a 50-day moving average of $508.71 and a two-hundred day moving average of $509.85. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01. The stock has a market capitalization of $34.71 billion, a P/E ratio of 28.19, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IT shares. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Robert W. Baird lifted their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $552.63.

Insider Activity at Gartner

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