1,738 Shares in Gartner, Inc. (NYSE:IT) Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in Gartner, Inc. (NYSE:IT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,738 shares of the information technology services provider’s stock, valued at approximately $842,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Gartner in the fourth quarter valued at approximately $460,541,000. Madison Investment Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter worth $244,799,000. Raymond James Financial Inc. acquired a new position in shares of Gartner during the 4th quarter worth $165,476,000. FMR LLC increased its holdings in shares of Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock valued at $1,367,233,000 after purchasing an additional 223,087 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in shares of Gartner in the fourth quarter valued at about $97,518,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

IT has been the topic of several recent analyst reports. Barclays lowered their target price on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company dropped their price objective on Gartner from $488.00 to $401.00 and set an “underweight” rating for the company in a research note on Wednesday. Robert W. Baird decreased their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. 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 lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $518.00.

Gartner Trading Up 2.0 %

Gartner stock opened at $399.84 on Friday. The stock has a 50-day moving average price of $461.38 and a 200 day moving average price of $496.34. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The stock has a market cap 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 current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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, topping analysts’ consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 earnings per share. Equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

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.