Signaturefd LLC Purchases 41 Shares of Gartner, Inc. (NYSE:IT)

Signaturefd LLC lifted its position in shares of Gartner, Inc. (NYSE:IT) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,207 shares of the information technology services provider’s stock after acquiring an additional 41 shares during the period. Signaturefd LLC’s holdings in Gartner were worth $544,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of Gartner in the third quarter worth about $25,000. BKM Wealth Management LLC purchased a new position in shares of Gartner in the fourth quarter worth about $26,000. VisionPoint Advisory Group LLC increased its stake in shares of Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 61 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Gartner by 357.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 68 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 25 shares during the period. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Gartner Price Performance

Shares of NYSE:IT opened at $451.06 on Thursday. The company’s fifty day moving average price is $464.99 and its 200-day moving average price is $437.07. The firm has a market capitalization of $35.17 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 4.13 and a beta of 1.29. Gartner, Inc. has a one year low of $292.60 and a one year high of $486.54. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.70 EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 11.3 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Akhil Jain sold 250 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total value of $116,137.50. Following the completion of the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Akhil Jain sold 250 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total value of $116,137.50. Following the completion of the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yvonne Genovese sold 560 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total transaction of $256,127.20. Following the completion of the sale, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at approximately $1,096,773.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,952 shares of company stock valued at $10,598,070. Corporate insiders own 3.60% of the company’s stock.

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.