Gardner Lewis Asset Management L P Raises Stake in Gartner, Inc. (NYSE:IT)

Gardner Lewis Asset Management L P lifted its position in shares of Gartner, Inc. (NYSE:IT) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,542 shares of the information technology services provider’s stock after purchasing an additional 385 shares during the period. Gardner Lewis Asset Management L P’s holdings in Gartner were worth $4,623,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. DnB Asset Management AS lifted its stake in Gartner by 6.5% during the fourth quarter. DnB Asset Management AS now owns 13,644 shares of the information technology services provider’s stock worth $6,610,000 after purchasing an additional 834 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Gartner by 17.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 49,619 shares of the information technology services provider’s stock valued at $24,039,000 after buying an additional 7,435 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Gartner by 3.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 42,636 shares of the information technology services provider’s stock valued at $20,656,000 after buying an additional 1,380 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in Gartner by 28,040.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 5,628 shares of the information technology services provider’s stock worth $2,727,000 after acquiring an additional 5,608 shares in the last quarter. Finally, Norges Bank purchased a new stake in Gartner in the fourth quarter valued at $460,541,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Down 0.4 %

NYSE IT opened at $425.11 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $32.66 billion, a P/E ratio of 26.52, a P/E/G ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 52-week low of $409.50 and a 52-week high of $584.01. The firm has a 50-day moving average price of $496.14 and a 200 day moving average price of $506.04.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $3.04 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Robert W. Baird dropped their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Finally, UBS Group reduced their price target on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $536.63.

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.