UBS Group AG Buys 87,751 Shares of Gartner, Inc. (NYSE:IT)

UBS Group AG lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 113.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,130 shares of the information technology services provider’s stock after acquiring an additional 87,751 shares during the period. UBS Group AG owned approximately 0.21% of Gartner worth $74,492,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of Gartner by 29.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,520 shares of the information technology services provider’s stock worth $11,963,000 after acquiring an additional 6,030 shares in the last quarter. MainStreet Investment Advisors LLC boosted its holdings in Gartner by 3.1% during the fourth quarter. MainStreet Investment Advisors LLC now owns 2,887 shares of the information technology services provider’s stock worth $1,302,000 after purchasing an additional 87 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Gartner by 121.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,848 shares of the information technology services provider’s stock worth $13,916,000 after purchasing an additional 16,934 shares during the last quarter. Norges Bank acquired a new position in Gartner during the fourth quarter worth $388,781,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in Gartner during the fourth quarter worth $235,000. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT stock opened at $445.69 on Friday. The company has a fifty day moving average price of $455.68 and a two-hundred day moving average price of $450.10. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $34.60 billion, a P/E ratio of 44.35, a P/E/G ratio of 3.96 and a beta of 1.32. Gartner, Inc. has a one year low of $323.61 and a one year high of $486.54.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. Gartner’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 EPS. As a group, equities analysts predict that Gartner, Inc. will post 11.55 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on IT. Morgan Stanley increased 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. BMO Capital Markets reduced their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. UBS Group reduced their target price on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

Insider Buying and Selling

In related news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction dated 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 completion of the sale, the director now owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Gartner news, EVP Akhil Jain sold 250 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly 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. In the last 90 days, insiders sold 27,749 shares of company stock valued at $12,778,816. Company insiders own 3.60% of the company’s stock.

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.