Gartner, Inc. (NYSE:IT) Shares Bought by Custom Index Systems LLC

Custom Index Systems LLC increased its position in Gartner, Inc. (NYSE:IT) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,768 shares of the information technology services provider’s stock after buying an additional 76 shares during the period. Custom Index Systems LLC’s holdings in Gartner were worth $857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IT. Assenagon Asset Management S.A. boosted its stake in Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock worth $131,905,000 after buying an additional 183,974 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Gartner in the third quarter worth approximately $70,955,000. Principal Financial Group Inc. grew its holdings in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after purchasing an additional 103,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Gartner during the third quarter worth approximately $36,789,000. Finally, JPMorgan Chase & Co. raised its stake in Gartner by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after purchasing an additional 70,236 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 0.9 %

NYSE IT opened at $543.26 on Friday. The stock has a market cap of $41.90 billion, a PE ratio of 40.06, a P/E/G ratio of 3.34 and a beta of 1.33. The business has a 50 day moving average price of $507.91 and a two-hundred day moving average price of $503.79. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

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

Insider Activity

In other Gartner news, Director James C. Smith sold 10,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the transaction, the director now directly owns 554,274 shares in the company, valued at $296,957,838.24. This represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock worth $19,241,974 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IT. Morgan Stanley lowered 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 note on Thursday, January 16th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and an average target price of $550.75.

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.