Gartner, Inc. (NYSE:IT) is Axiom Investors LLC DE’s 9th Largest Position

Axiom Investors LLC DE raised its position in shares of Gartner, Inc. (NYSE:ITFree Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 690,171 shares of the information technology services provider’s stock after purchasing an additional 86,761 shares during the quarter. Gartner accounts for about 3.1% of Axiom Investors LLC DE’s investment portfolio, making the stock its 9th biggest holding. Axiom Investors LLC DE’s holdings in Gartner were worth $311,343,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IT. BKM Wealth Management LLC purchased a new stake in shares of Gartner during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC purchased a new stake in Gartner in the fourth quarter worth approximately $27,000. MCF Advisors LLC purchased a new stake in Gartner in the fourth quarter worth approximately $27,000. AdvisorNet Financial Inc raised its stake in Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 25 shares during the last quarter. Finally, DSM Capital Partners LLC purchased a new position in shares of Gartner in the 4th quarter worth $32,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Price Performance

IT traded up $5.19 during trading on Friday, reaching $419.67. 741,917 shares of the company traded hands, compared to its average volume of 406,046. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $486.54. The firm has a fifty day simple moving average of $451.06 and a 200 day simple moving average of $451.14. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $32.58 billion, a P/E ratio of 41.24, a PEG ratio of 3.74 and a beta of 1.32.

Gartner (NYSE:ITGet Free Report) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.88 EPS. On average, equities analysts forecast that Gartner, Inc. will post 11.55 EPS for the current year.

Analyst Ratings Changes

IT has been the topic of several research reports. UBS Group dropped their target price on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird cut their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Morgan Stanley lifted their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. Finally, BMO Capital Markets dropped their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $474.50.

View Our Latest Stock Report on Gartner

Insiders Place Their Bets

In related news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were 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 of the company’s stock, valued at $276,929,568.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the sale, the director now directly owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alwyn Dawkins sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $454.57, for a total value of $363,656.00. Following the completion of the sale, the executive vice president now directly owns 50,783 shares of the company’s stock, valued at $23,084,428.31. The disclosure for this sale can be found here. Insiders have sold a total of 18,299 shares of company stock valued at $8,429,535 in the last quarter. 3.60% of the stock is currently 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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