Lindbrook Capital LLC Grows Stock Holdings in Gartner, Inc. (NYSE:IT)

Lindbrook Capital LLC lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 43.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177 shares of the information technology services provider’s stock after buying an additional 54 shares during the quarter. Lindbrook Capital LLC’s holdings in Gartner were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new stake in Gartner during the fourth quarter worth about $26,000. AdvisorNet Financial Inc lifted its stake in shares of Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after buying an additional 25 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Gartner by 7,500.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock worth $34,000 after buying an additional 75 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Gartner in the third quarter worth approximately $25,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Gartner in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James C. Smith sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the transaction, the director now owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is owned by insiders.

Gartner Stock Performance

Shares of NYSE IT opened at $451.06 on Thursday. The firm has a fifty day moving average price of $464.99 and a 200-day moving average price of $437.07. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $35.17 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 4.05 and a beta of 1.29. Gartner, Inc. has a 1 year low of $292.60 and a 1 year high of $486.54.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company posted $3.70 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Gartner, Inc. will post 11.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price for the company. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and upped their target price for the company from $484.00 to $550.00 in a report on Thursday, April 11th. BMO Capital Markets upped their target price on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Finally, Morgan Stanley upped their target price on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $477.60.

About Gartner

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.