Western Financial Corp CA Increases Stock Holdings in Gartner, Inc. (NYSE:IT)

Western Financial Corp CA boosted its stake in Gartner, Inc. (NYSE:IT) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,259 shares of the information technology services provider’s stock after acquiring an additional 23 shares during the quarter. Western Financial Corp CA’s holdings in Gartner were worth $1,094,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IT. Baron Wealth Management LLC increased its stake in Gartner by 4.1% during the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 19 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after acquiring an additional 20 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 22 shares in the last quarter. Finally, Trust Point Inc. lifted its position in Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IT. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Robert W. Baird boosted their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $550.75.

Gartner Stock Down 0.9 %

IT stock opened at $543.26 on Friday. 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 firm has a market capitalization of $41.90 billion, a P/E ratio of 40.06, a P/E/G ratio of 3.34 and a beta of 1.33. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. The company’s 50 day simple moving average is $507.91 and its 200-day simple moving average is $503.79.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.56 EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 11.87 EPS for the current year.

Insiders Place Their Bets

In related news, EVP William James Wartinbee III sold 189 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the sale, the director now directly owns 529,844 shares of the company’s stock, valued at approximately $293,893,869.92. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,583 shares of company stock worth $19,241,974. 3.60% of the stock is currently owned by company 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.