Centiva Capital LP Buys New Stake in Gartner, Inc. (NYSE:IT)

Centiva Capital LP acquired a new position in Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,103 shares of the information technology services provider's stock, valued at approximately $1,988,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Gartner by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock valued at $4,490,378,000 after acquiring an additional 100,917 shares during the last quarter. FMR LLC raised its holdings in 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 buying an additional 223,087 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Gartner by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock worth $998,400,000 after acquiring an additional 45,219 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Gartner by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock valued at $975,141,000 after buying an additional 11,657 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Gartner by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock worth $805,192,000 after purchasing an additional 187,854 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Trading Down 1.2 %

Shares of IT stock traded down $5.31 during trading hours on Friday, hitting $432.12. 415,520 shares of the company were exchanged, compared to its average volume of 453,229. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm has a fifty day moving average of $423.97 and a 200 day moving average of $482.39. The firm has a market cap of $33.19 billion, a PE ratio of 26.96, a PEG ratio of 3.30 and a beta of 1.24. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $2.93 earnings per share. Gartner's revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on IT. The Goldman Sachs Group dropped their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday. Robert W. Baird reduced their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. UBS Group increased their price target on shares of Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Barclays cut their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. One equities research 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's stock. According to MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus price target of $518.67.

Insider Buying and Selling

In other news, SVP John J. Rinello sold 109 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the transaction, the senior vice president now directly owns 3,280 shares in the company, valued at approximately $1,431,228. This represents a 3.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin B. Kranich sold 739 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the transaction, the executive vice president now directly owns 20,464 shares in the company, valued at $8,932,536. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,138 shares of company stock valued at $1,005,606. Corporate insiders own 3.60% of the company's stock.

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.