Motley Fool Asset Management LLC Buys 700 Shares of Gartner, Inc. (NYSE:IT)

Motley Fool Asset Management LLC lifted its holdings in Gartner, Inc. (NYSE:IT) by 42.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,360 shares of the information technology services provider’s stock after acquiring an additional 700 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Gartner were worth $1,065,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Global Retirement Partners LLC boosted its holdings in Gartner by 204.4% during the third quarter. Global Retirement Partners LLC now owns 137 shares of the information technology services provider’s stock worth $48,000 after buying an additional 92 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Gartner during the third quarter valued at approximately $212,000. Private Trust Co. NA increased its stake in Gartner by 32.9% in the third quarter. Private Trust Co. NA now owns 202 shares of the information technology services provider’s stock valued at $69,000 after purchasing an additional 50 shares in the last quarter. Czech National Bank raised its holdings in Gartner by 47.3% in the third quarter. Czech National Bank now owns 13,777 shares of the information technology services provider’s stock worth $4,734,000 after purchasing an additional 4,421 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Gartner by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 89,366 shares of the information technology services provider’s stock valued at $30,768,000 after buying an additional 410 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Gartner news, EVP Claire Herkes sold 1,460 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $470.09, for a total transaction of $2,350,450.00. Following the sale, the director now owns 618,235 shares of the company’s stock, valued at $290,626,091.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,952 shares of company stock worth $10,598,070. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on IT shares. Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective on the stock. UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $484.00 to $550.00 in a report on Thursday, April 11th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. BMO Capital Markets lifted their price target on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley upped their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $477.60.

Gartner Stock Up 0.6 %

Shares of NYSE:IT traded up $2.47 during midday trading on Friday, hitting $448.78. The stock had a trading volume of 292,227 shares, compared to its average volume of 386,220. The company has a market cap of $34.99 billion, a P/E ratio of 40.35, a PEG ratio of 4.14 and a beta of 1.29. Gartner, Inc. has a 12 month low of $293.73 and a 12 month high of $486.54. The business’s 50-day simple moving average is $464.86 and its 200-day simple moving average is $437.23. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.70 earnings per share. On average, sell-side analysts forecast that Gartner, Inc. will post 11.3 earnings per share 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.