Scotia Capital Inc. Has $6.34 Million Stock Holdings in Gartner, Inc. (NYSE:IT)

Scotia Capital Inc. boosted its holdings in Gartner, Inc. (NYSE:IT) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,086 shares of the information technology services provider’s stock after acquiring an additional 271 shares during the quarter. Scotia Capital Inc.’s holdings in Gartner were worth $6,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Capital Management Inc. grew its holdings in shares of Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after acquiring an additional 19 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after buying an additional 20 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Gartner by 2.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after acquiring an additional 20 shares during the period. Parallel Advisors LLC increased its holdings in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after purchasing an additional 21 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Gartner by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after acquiring an additional 22 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In related news, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IT. Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Barclays lowered their price objective on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. UBS Group dropped their price target on Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company cut their price objective on Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $518.00.

Gartner Trading Up 2.0 %

Shares of Gartner stock opened at $399.84 on Friday. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01. The company’s fifty day simple moving average is $461.38 and its 200-day simple moving average is $496.34. The stock has a market capitalization of $30.71 billion, a PE ratio of 24.94, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $3.04 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Gartner 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.