Gartner, Inc. (NYSE:IT) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 2,455.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,198 shares of the information technology services provider’s stock after purchasing an additional 2,112 shares during the period. Plato Investment Management Ltd’s holdings in Gartner were worth $1,048,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IT. MCF Advisors LLC acquired a new stake in shares of Gartner during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new position in Gartner in the 4th quarter valued at about $27,000. AdvisorNet Financial Inc lifted its stake in Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. DSM Capital Partners LLC purchased a new position in Gartner in the 4th quarter valued at about $32,000. Finally, Harbor Investment Advisory LLC lifted its stake in Gartner by 7,500.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 75 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 1.6 %

Shares of IT stock traded down $7.92 during trading on Thursday, hitting $493.27. 427,609 shares of the stock traded hands, compared to its average volume of 408,930. The firm has a market capitalization of $38.29 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.33. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average price is $448.15 and its 200-day moving average price is $454.71. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $509.15.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 141.59%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company earned $2.85 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that Gartner, Inc. will post 11.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IT shares. BMO Capital Markets raised their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday. Robert W. Baird raised their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley raised their target price on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $521.00.

Insider Activity at Gartner

In related news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the sale, the director now owns 599,074 shares in the company, valued at approximately $263,167,217.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the transaction, the director now owns 599,074 shares in the company, valued at $263,167,217.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anne Sutherland Fuchs sold 705 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the transaction, the director now owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,544 shares of company stock worth $10,079,813. Insiders own 3.60% of the company’s stock.

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.