Gartner, Inc. (NYSE:IT) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in Gartner, Inc. (NYSE:IT) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,698 shares of the information technology services provider’s stock after purchasing an additional 472 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Gartner were worth $1,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IT. Baron Wealth Management LLC grew its holdings in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 19 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after purchasing an additional 20 shares during the period. Harbor Capital Advisors Inc. increased its position in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 22 shares during the last quarter. Finally, Trust Point Inc. raised its stake in Gartner by 3.2% during the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IT. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $552.63.

Insider Activity

In other news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the sale, the director now owns 509,457 shares in the company, valued at approximately $266,965,657.14. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction dated 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 approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,690 shares of company stock worth $2,981,025. 3.60% of the stock is currently owned by corporate insiders.

Gartner Trading Down 1.6 %

Shares of NYSE IT opened at $514.02 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $39.65 billion, a PE ratio of 32.07, a PEG ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The stock has a fifty day simple moving average of $510.12 and a 200-day simple moving average of $507.95.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the company posted $3.04 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.