Dimensional Fund Advisors LP Increases Position in Gartner, Inc. (NYSE:IT)

Dimensional Fund Advisors LP raised its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 644,699 shares of the information technology services provider's stock after purchasing an additional 27,996 shares during the quarter. Dimensional Fund Advisors LP owned 0.84% of Gartner worth $312,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Howard Capital Management Inc. boosted its stake in Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after buying an additional 19 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock worth $661,000 after acquiring an additional 20 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after purchasing an additional 20 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Gartner by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock valued at $357,000 after purchasing an additional 21 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IT shares. Robert W. Baird decreased their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company reduced their price objective on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley cut their price target 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. Barclays reduced their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $513.63.

Gartner Trading Down 0.4 %

IT traded down $1.48 during trading on Friday, hitting $416.37. The company's stock had a trading volume of 714,574 shares, compared to its average volume of 453,223. The firm has a market capitalization of $31.98 billion, a P/E ratio of 25.97, a PEG ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock's fifty day moving average price is $437.85 and its 200-day moving average price is $489.25.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. Gartner's revenue was up 8.1% on a year-over-year basis. Analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Transactions at Gartner

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by 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.