Deutsche Bank AG Acquires 30,425 Shares of Gartner, Inc. (NYSE:IT)

Deutsche Bank AG lifted its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 10.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 313,344 shares of the information technology services provider's stock after purchasing 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 reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank grew its stake in shares of Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock valued at $8,103,000 after purchasing an additional 1,028 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Gartner in the 4th quarter valued at $366,000. D.A. Davidson & CO. raised its holdings in Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock worth $551,000 after purchasing an additional 29 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in Gartner by 1.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock valued at $15,322,000 after buying an additional 480 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Gartner by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock worth $1,637,000 after buying an additional 30 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Robin B. Kranich sold 739 shares of Gartner stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the completion of the sale, the executive vice president now owns 20,464 shares of the company's stock, valued at approximately $8,932,536. This trade represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the company's 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 transaction, the director now owns 1,627 shares in the company, valued at $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 have sold a total of 2,048 shares of company stock valued at $957,860 over the last quarter. Company insiders own 2.30% of the company's stock.

Gartner Stock Performance

Shares of NYSE IT traded up $1.90 during mid-day trading on Tuesday, reaching $448.85. 531,446 shares of the company's stock were exchanged, compared to its average volume of 454,678. The firm has a 50-day moving average price of $422.40 and a two-hundred day moving average price of $481.18. 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 capitalization of $34.48 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth 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.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business posted $2.93 EPS. Gartner's quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

IT has been the topic of several recent research reports. UBS Group lifted their price target on Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Morgan Stanley lowered their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Finally, Barclays decreased their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research 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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.