Claret Asset Management Corp Invests $205,000 in Gartner, Inc. (NYSE:IT)

Claret Asset Management Corp acquired a new position in Gartner, Inc. (NYSE:ITFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 455 shares of the information technology services provider’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Isthmus Partners LLC raised its stake in shares of Gartner by 1.5% in the 4th quarter. Isthmus Partners LLC now owns 32,545 shares of the information technology services provider’s stock worth $14,681,000 after buying an additional 482 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of Gartner by 3,456.6% during the 4th quarter. TFO Wealth Partners LLC now owns 2,703 shares of the information technology services provider’s stock valued at $1,219,000 after purchasing an additional 2,627 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Gartner during the fourth quarter valued at approximately $274,000. Stifel Financial Corp boosted its holdings in Gartner by 13.6% during the fourth quarter. Stifel Financial Corp now owns 38,424 shares of the information technology services provider’s stock worth $17,334,000 after buying an additional 4,607 shares in the last quarter. Finally, TD Asset Management Inc grew its position in Gartner by 4.8% in the fourth quarter. TD Asset Management Inc now owns 53,059 shares of the information technology services provider’s stock worth $23,935,000 after buying an additional 2,419 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 3.1 %

NYSE:IT traded down $13.27 during mid-day trading on Thursday, reaching $414.47. The stock had a trading volume of 665,024 shares, compared to its average volume of 402,743. The stock has a market cap of $32.18 billion, a P/E ratio of 41.66, a PEG ratio of 3.81 and a beta of 1.32. The business’s 50 day moving average is $452.43 and its 200 day moving average is $451.40. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $486.54.

Gartner (NYSE:ITGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.88 EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 11.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group decreased their target price on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Morgan Stanley upped their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reduced their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Finally, Robert W. Baird dropped their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus target price of $474.50.

Check Out Our Latest Stock Analysis on Gartner

Insider Transactions at Gartner

In related news, EVP Yvonne Genovese sold 439 shares of Gartner stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total value of $200,241.07. Following the transaction, the executive vice president now owns 1,959 shares in the company, valued at approximately $893,558.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gartner news, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $456.13, for a total value of $200,241.07. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $455.20, for a total value of $4,552,000.00. Following the completion of the transaction, the director now directly owns 608,369 shares in the company, valued at $276,929,568.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,299 shares of company stock worth $8,429,535. 3.60% of the stock is owned by insiders.

About Gartner

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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