Gartner, Inc. (NYSE:IT) Holdings Increased by Deutsche Bank AG

Deutsche Bank AG raised its stake in Gartner, Inc. (NYSE:IT - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,344 shares of the information technology services provider's stock after buying an additional 30,425 shares during the period. Deutsche Bank AG owned 0.41% of Gartner worth $151,806,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cornerstone Select Advisors LLC bought a new position in Gartner during the fourth quarter worth $247,000. Cubist Systematic Strategies LLC raised its stake in Gartner by 10,977.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 54,388 shares of the information technology services provider's stock worth $26,349,000 after buying an additional 54,888 shares during the last quarter. Centiva Capital LP bought a new position in Gartner during the fourth quarter worth $1,988,000. BOKF NA raised its stake in Gartner by 42.2% during the fourth quarter. BOKF NA now owns 4,486 shares of the information technology services provider's stock worth $2,194,000 after buying an additional 1,332 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in Gartner during the fourth quarter worth $1,138,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Activity at Gartner

In other Gartner news, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the transaction, the chief financial officer now directly owns 77,890 shares of the company's stock, valued at $35,063,741.30. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This represents a 42.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock valued at $2,495,190 over the last 90 days. Insiders own 2.30% of the company's stock.

Gartner Stock Up 0.4%

NYSE IT traded up $1.68 during trading hours on Thursday, reaching $447.78. 254,697 shares of the company's stock traded hands, compared to its average volume of 454,373. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $34.40 billion, a PE ratio of 27.90, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01. The firm has a 50-day simple moving average of $421.67 and a 200 day simple moving average of $480.94.

Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted $2.93 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IT shares. Morgan Stanley reduced their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. UBS Group raised 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, May 7th. Wells Fargo & Company reduced their price target on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Robert W. Baird reduced their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Barclays reduced 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $518.67.

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.