Gartner, Inc. (NYSE:IT) is EULAV Asset Management’s 9th Largest Position

EULAV Asset Management increased its position in shares of Gartner, Inc. (NYSE:IT) by 22.5% during the fourth quarter, Holdings Channel reports. The fund owned 215,800 shares of the information technology services provider’s stock after acquiring an additional 39,700 shares during the quarter. Gartner makes up approximately 2.5% of EULAV Asset Management’s investment portfolio, making the stock its 9th biggest position. EULAV Asset Management’s holdings in Gartner were worth $104,549,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Czech National Bank boosted its position in shares of Gartner by 6.1% in the third quarter. Czech National Bank now owns 15,697 shares of the information technology services provider’s stock worth $7,955,000 after acquiring an additional 903 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Gartner in the 3rd quarter valued at $201,000. Atomi Financial Group Inc. purchased a new stake in shares of Gartner during the 3rd quarter valued at $232,000. CWM LLC increased its holdings in shares of Gartner by 17.5% during the 3rd quarter. CWM LLC now owns 6,994 shares of the information technology services provider’s stock worth $3,544,000 after buying an additional 1,040 shares during the last quarter. Finally, Wedmont Private Capital raised its position in shares of Gartner by 7.9% in the 3rd quarter. Wedmont Private Capital now owns 1,878 shares of the information technology services provider’s stock worth $957,000 after buying an additional 138 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IT shares. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Robert W. Baird increased their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley dropped their price objective on shares of 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, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $552.63.

Gartner Price Performance

IT opened at $528.93 on Friday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The firm has a market cap of $40.80 billion, a price-to-earnings ratio of 39.01, a PEG ratio of 3.37 and a beta of 1.34. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a fifty day simple moving average of $509.71 and a 200 day simple moving average of $506.06.

Gartner (NYSE:IT) last announced its 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 company 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 firm earned $3.04 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,050 shares of company stock worth $4,292,245 in the last 90 days. 3.60% of the stock is owned by corporate 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.