Tudor Investment Corp ET AL Takes Position in Gartner, Inc. (NYSE:IT)

Tudor Investment Corp ET AL acquired a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 48,289 shares of the information technology services provider's stock, valued at approximately $23,395,000. Tudor Investment Corp ET AL owned approximately 0.06% of Gartner as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Gartner during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in Gartner during the 4th quarter valued at $49,000. Promus Capital LLC purchased a new stake in Gartner during the 4th quarter valued at $57,000. Hurley Capital LLC purchased a new stake in Gartner during the 4th quarter valued at $73,000. Finally, Global Retirement Partners LLC boosted its position in Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity

In other 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 value of $47,745.90. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction on 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 of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Gartner Stock Performance

Shares of IT stock traded down $1.16 during trading hours on Thursday, reaching $419.92. The company had a trading volume of 551,905 shares, compared to its average volume of 448,865. The business has a fifty day moving average price of $431.33 and a 200-day moving average price of $486.42. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The firm has a market cap of $32.26 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $3.04 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research report on Thursday. UBS Group decreased their price target on shares of Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Morgan Stanley decreased 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. Finally, Robert W. Baird decreased their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Gartner currently has a consensus rating of "Hold" and a consensus target price of $513.50.

Gartner Company 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.