Gartner, Inc. (NYSE:IT) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 720 shares of the information technology services provider’s stock after purchasing an additional 25 shares during the period. Fidelis Capital Partners LLC’s holdings in Gartner were worth $349,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Gartner during the fourth quarter worth $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Gartner during the 3rd quarter worth $44,000. True Wealth Design LLC boosted its position in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Gartner in the fourth quarter valued at about $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in Gartner during the third quarter worth about $77,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IT has been the topic of several recent analyst reports. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upped their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $552.63.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 90 shares of the firm’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 sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business’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 transaction of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,479 shares of company stock worth $734,419 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Gartner Price Performance

IT opened at $482.52 on Wednesday. The stock’s 50-day moving average price is $510.20 and its 200 day moving average price is $510.31. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The firm has a market cap of $37.07 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.30 and a beta of 1.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. As a group, sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current 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.