Olympiad Research LP Purchases New Position in Gartner, Inc. (NYSE:IT)

Olympiad Research LP purchased a new stake in Gartner, Inc. (NYSE:IT) in the 4th quarter, HoldingsChannel reports. The firm purchased 804 shares of the information technology services provider’s stock, valued at approximately $390,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new position in shares of Gartner in the 3rd quarter valued at about $26,000. Kestra Investment Management LLC purchased a new position in shares of Gartner in the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new stake in Gartner during the 3rd quarter worth approximately $44,000. True Wealth Design LLC increased its stake in Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after buying an additional 94 shares in the last quarter. Finally, Fortitude Family Office LLC increased its stake in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on IT shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Robert W. Baird upped their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Morgan Stanley dropped their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $552.63.

Gartner Trading Down 3.1 %

IT opened at $487.44 on Friday. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The stock has a market capitalization of $37.44 billion, a PE ratio of 30.41, a P/E/G ratio of 3.30 and a beta of 1.34. The business’s 50 day moving average price is $509.42 and its 200 day moving average price is $509.30. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total value of $2,620,100.00. Following the transaction, the director now owns 509,457 shares in the company, valued at $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,690 shares of company stock worth $2,981,025. Insiders own 3.60% of the company’s stock.

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.