Gartner, Inc. (NYSE:IT) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in Gartner, Inc. (NYSE:IT) by 9.2% in the fourth quarter, Holdings Channel reports. The firm owned 16,296 shares of the information technology services provider’s stock after purchasing an additional 1,375 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Gartner were worth $7,895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of Gartner during the fourth quarter worth $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Gartner during the 4th quarter valued at about $49,000. True Wealth Design LLC raised its stake in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 94 shares during the period. Promus Capital LLC bought a new position in Gartner in the fourth quarter worth about $57,000. Finally, Global Retirement Partners LLC boosted its stake in Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock valued at $134,000 after acquiring an additional 34 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IT. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. UBS Group lowered 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. Robert W. Baird cut their price objective on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $536.63.

Gartner Stock Down 0.4 %

NYSE IT opened at $425.11 on Friday. Gartner, Inc. has a 12 month low of $409.50 and a 12 month high of $584.01. The company has a market capitalization of $32.66 billion, a P/E ratio of 26.52, a PEG ratio of 3.30 and a beta of 1.29. The company’s 50 day simple moving average is $496.14 and its 200 day simple moving average is $506.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. Equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity

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