7,692 Shares in Gartner, Inc. (NYSE:IT) Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new position in Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,692 shares of the information technology services provider’s stock, valued at approximately $3,727,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Assenagon Asset Management S.A. lifted its stake in Gartner by 208.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock worth $131,905,000 after acquiring an additional 183,974 shares during the period. Point72 Asset Management L.P. purchased a new stake in Gartner in the third quarter worth $70,955,000. Principal Financial Group Inc. lifted its stake in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Gartner in the third quarter worth $36,789,000. Finally, JPMorgan Chase & Co. lifted its position in Gartner by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock valued at $525,272,000 after buying an additional 70,236 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IT shares. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Morgan Stanley lowered 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. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $552.63.

Insider Buying and Selling

In related news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the sale, the director now owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,050 shares of company stock worth $4,292,245. 3.60% of the stock is owned by corporate insiders.

Gartner Price Performance

Shares of NYSE:IT opened at $534.12 on Friday. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01. 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 fifty day moving average price of $509.71 and a 200-day moving average price of $506.06. The company has a market capitalization of $41.20 billion, a PE ratio of 39.39, a PEG ratio of 3.37 and a beta of 1.34.

Gartner (NYSE:IT) last issued its quarterly 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 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 company’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts expect that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

About Gartner

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.